Obligations and Representations of the Consultant Clause Samples

Obligations and Representations of the Consultant. 3.1 All Services shall be provided by Consultant, solely and personally through the Chairman, in accordance with the strategies and policies determined by the Board of Directors of the Company, the policies, regulations and practices of the Company and upon the terms and conditions hereinafter set forth. Consultant may not assign his rights and obligations hereunder. Any attempted assignment will be void and give Company the right to promptly terminate this Agreement. 3.2 The Consultant agrees and undertakes that the Chairman possesses the experience, expertise and ability that are required for providing the Services, and the Chairman shall act effectively, and apply the best of his qualifications, experience and wide knowledge, in order to perform his duties in the best way possible. 3.3 The Consultant agrees and undertakes, throughout the term of his engagement with the Company, not to receive any payment, compensation or any other benefit from any third party directly or indirectly related to his engagement hereunder or to the Company. 3.4 The Consultant and/or the Chairman agree and undertake not to perform any act or to omit to perform any act which may breach their fiduciary duty to the Company, or which may place them in a position of conflict of interest with the objectives of the Company. In addition, the Consultant agrees and undertakes to inform the Company promptly of any matter that may place it and/ or the Chairman in a situation of potential conflict of interest. 3.5 This Agreement shall not derogate from any rights and obligations of the Consultant and/or Chairman, under the Company’s Article of Association and/or applicable law. 3.6 The Consultant agrees and undertakes that it and/or the Chairman shall not provide services to any third party which may place the Consultant and/or the Chairman in a conflict of interests with their undertakings and obligations hereunder. 3.7 The Consultant represent and warrants to the Company that there are no legal, contractual or other limitations or restrictions to which it and/or Chairman are subject to that would prevent or limit Consultant and/or Chairman in any way from providing the Services and complying with the terms of this Agreement at any time during the term of engagement hereunder.