Subject: Retainership Contract for Medical Consultancy Services
Dear Mr. Singh,
With reference to the discussion we had with you regarding the Medical Consultancy Services to be provided by you to employees of Cachet Pharmaceuticals Pvt. Ltd., the management is pleased to appoint you as a Medical Consultant. The following terms and conditions are mentioned hereunder.
1. You will be paid Consultancy Charges at the mutually agreed-upon rate for the entire duration of the retainership contract.
2. The contract shall be initially for a period of three years from the 1st of April, 2007, until the 31st of March, 2010, after working hours without assigning any reason unless renewed in writing.
3. You will raise bills towards Consultancy Charges and medicines every month, and the same shall be paid within seven days of receipt thereof. The specified amount shall be inclusive of all expenses incurred by you towards communication (telephone and faxes), computer usage, traveling (local and outstation), documentation (stationery, secretarial and photocopying), library visits, meeting external consultants, and/or for any other similar matter.
4. You shall be responsible for and advise us on matters related to the following areas:
(a) Identify specific Medical Examinations required for specific areas.
(b) Guide the organization towards Compliance of Statutory requirements.
(c) Educate and conduct Health Clinics / Workshops for the employees from time to time.
(d) Any other matters requiring your expertise related to any of the responsibilities mentioned above.
5. The retainership contract may be renewed after the expiry of the same based on the requirements of the organization and on terms mutually agreed upon.
6. Either party may terminate this contract by giving one month's notice.
7. As you are a Consultant, you shall not be entitled to any other benefits like gratuity, leave, PF, etc.
Please sign the duplicate copy of this letter in token of acceptance of terms and conditions and return the same to us.
Looking forward to a long and fruitful association.
Thank you.