This Initialization Agreement (the "Agreement") is entered into on 09-August-2024 (the "Effective Date") between:
First Party Swamix Global AI Solutions M Nikhil Swami GST: 36MPHPS4547C1ZG |
Counter Party ATDevs Services, Pune Rajesh Malani |
The Both Parties agree to keep all information confidential, including but not limited to business plans, technical data, and product information. The Receiving Party shall use the Confidential Information solely for the purpose of evaluating and engaging in discussions concerning a potential business relationship between the parties. This Agreement shall remain in effect for a period of 1 year from the Effective Date and shall be governed by and construed in accordance with the laws of India.
The estimated costs of the project are Rs. 50,000. very roughly interpolating to 50 calendar days, or 100-125 working hours , calculated based on professional's experience to achieve the discussed results. keeping in mind the SDLC and iterative development process, the project may require discussions after every phase to assess and plan the next phase of development, following the above estimates.
with respect to recent developments, both parties agree upon formal undertaking , where a sum of Rs. 10,000 as deposit to contract developer "M Nikhil Swami", as a sign of commitment and trust establishment. which shall be deducted from the total cost of project. this would serve as a mutual assurance where the developer makes best attempts to dedicate 12-15 hours a week and reserves bandwidth from other engagements. and provides updates 2 times a week or as per requirements.
First Party:
M Nikhil Swami
Swamix Global AI Solutions
Counter Party:
Rajesh
ATDevs Services