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PAGEXXX
INDUSTRY-ACADEMIC CONSULTING AGREEMENT
This Agreement is made this _____ day of _________, 20___, by and between (the “Company”), a corporation organized and existing under the laws of the , and (the “Consultant”), an employee and faculty member of Texas AM University, an educational institution and charitable corporation located in Houston, Texas (“AM”).
WHEREAS, the Consultant, as a member of the faculty at Texas AM University (“AM”), is permitted to perform limited consulting services for companies, subject to the terms of Consultant’s employment relationship with AM and the applicable policies and procedures of AM;
WHEREAS, the Company desires that the Consultant provide advice and assistance to the Company in his or her area of expertise; and
WHEREAS, the Consultant desires to provide such advice and assistance to the Company under the terms and conditions of this Agreement;
NOW, THEREFORE, the Company and the Consultant hereby agree as follows:
1. Consulting Services
(a) Subject to the terms and conditions of this Agreement, the Company hereby retains Consultant as a consultant and technical advisor to perform the consulting services specifically set out in Exhibit A attached to this Agreement and made a part hereof (hereafter referred to as the “Services”), as said Exhibit may be amended in writing from time to time, and Consultant agrees, subject to the terms and conditions of this Agreement, render such Services during the term of this Agreement. Such services shall be limited to the area of expertise described in Exhibit A (the “Field”), as amended in writing from time to time. Consultant shall render services hereunder at such times and places as shall be mutually agreed by Company and Consultant. Consultant’s commitment hereunder shall not exceed ______days per ______.
(b) It is understood that the purpose of the Consulting is to provide periodic review and advice relevant to certain Company matters, and that neither C
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