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R.L.A.R.D

Terms & Conditions

1. Introduction:

These Terms and Conditions ("Agreement") constitute a legally binding agreement between Regional Laboratory For Applied Research and Development (R.L.A.R.D.), hereinafter referred to as the "Company", and the "Client", governing the provision of product development services, including but not limited to ideation, prototyping, design, engineering, manufacturing support, and related consultancy services.

By engaging our services, you agree to be bound by the following terms.
Scope of Services

 

2. Scope of Services

The Company shall provide services as agreed in the project proposal or work order, which may include:

  • Product ideation and concept development

  • CAD design and simulation

  • Prototype development

  • Material selection and testing

  • Firmware/software development (if applicable)

  • Mass production readiness support

  • Market analysis and technology consultation

  • And Kits manufacturing

 

Changes to the scope must be documented and approved by both parties in writing.

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3. Client Responsibilities

The Client agrees to:

  • Provide all necessary data, documents, and design input in a timely manner.

  • Review and approve deliverables within the specified time frames.

  • Make timely payments as per the agreed payment schedule.


Delays caused by the Client may result in adjusted timelines or additional costs.

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4. Payment Terms

  • All payments shall be made in accordance with the project proposal or invoice.

  • A milestone-based payment structure may be used.

  • Late payments may incur interest at the rate of 2% per month.

  • All fees are exclusive of applicable taxes.

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5. Intellectual Property (IP)

  • Client-Owned IP: IP developed based solely on the Client’s original idea, where the Company serves as an execution partner, shall be owned by the Client.
     

  • Joint IP: If the Company contributes significant innovation or co-development, the IP may be jointly owned, subject to a separate agreement.
     

  • Company-Owned IP: Any pre-existing tools, frameworks, or modules developed by the Company prior to or independent of the project shall remain the sole property of the Company.

 

Licensing rights, if any, shall be mutually defined in writing.

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6. Confidentiality

Both parties agree to:

  • Keep all non-public information confidential.
     

  • Not disclose any trade secrets, proprietary information, or project details to third parties without written consent.
     

  • This clause shall survive termination of the Agreement for a period of 5 years.

 

7. Warranties & Limitations

  • The Company warrants that all services will be rendered professionally and in accordance with industry standards.
     

  • However, the Company does not guarantee that the product will be market-viable or obtain regulatory approvals unless specifically included in the scope.

 

Limitation of Liability: The Company’s liability is limited to the amount paid by the Client for the respective services and excludes indirect, incidental, or consequential damages.

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8. Revisions and Change Requests

  • Minor revisions within the scope are included.
     

  • Major revisions or changes in concept, features, or technology after client approval of the initial plan may be chargeable.
     

  • A formal Change Request Document shall be created and signed in such cases.

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9. Termination

  • Either party may terminate the Agreement with 15 days' written notice.
     

  • In the event of termination, the Client shall pay for all work completed up to the date of termination.
     

  • Upon termination, all deliverables created and approved by the Client will be handed over.

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10. Non-Solicitation

The Client agrees not to directly employ or solicit for employment any of the Company’s employees or contractors involved in the project for a period of 12 months after the completion of the project.

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11. Dispute Resolution

  • Any disputes arising out of or related to this Agreement shall first be attempted to be resolved through mutual negotiation.
     

  • Failing resolution, the dispute shall be subject to arbitration under [Indian Arbitration and Conciliation Act / applicable jurisdiction] with the seat of arbitration in Pune, India.

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12. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of India, Maharashtra.

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13. Force Majeure

The Company shall not be liable for any failure or delay in performance due to causes beyond its reasonable control, including but not limited to acts of God, war, strikes, pandemics, supply chain disruptions, and governmental orders.

 

14. Acceptance

By engaging our services and signing the project proposal or work order, the Client accepts these Terms and Conditions in full.

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