GENERAL TERMS AND CONDITIONS CAPITAL CONTENT

TABLE OF CONTENTS:

Article 1: The contractual relationship between Capital Content and the client

Article 2: The nature and scope of the work

Article 3: Prices and payment conditions

Article 4: Duration, termination and dissolution of the contract

Article 5: Liability and damage

Article 6: Personnel of Capital Content

Article 7: Confidentiality

Article 8: Intellectual property rights

Article 9: General provisions

ARTICLE 1. THE CONTRACTUAL RELATIONSHIP BETWEEN CAPITAL CONTENT AND THE CLIENT

The contractual relationship between Capital Content and the client is always established in writing.

The General Terms and Conditions of Capital Content (the General Terms and Conditions) apply to all offers, quotations, and agreements from Capital Content.

Capital Content explicitly rejects the applicability of the client’s general terms and conditions to any offers/quotes made by, or contractual arrangements entered into with, Capital Content.

Agreements between Capital Content and the client may also be confirmed to each other digitally.

In the event of any contradictions or ambiguities, the following order of precedence shall apply in determining the agreements:

(1)  The written agreement between Capital Content and the client,

(2) The underlying quotation from Capital Content

(3) The General Terms and Conditions

(4) The previous correspondence between the parties.

ARTICLE 2. THE NATURE AND SCOPE OF THE WORK

Capital Content shall have a best efforts obligation towards the client with respect to the provision of services, meaning that the work agreed upon shall be performed to the best of its ability. Any statements made by Capital Content regarding the possible results of the work are purely indicative in nature. In other words, there is no obligation to achieve a certain result and/or guarantee a certain outcome, unless this has been explicitly agreed upon with the client beforehand.

Capital Content is entitled to have work carried out by third parties within the scope of the assignment. The costs related to this can only be charged after the prior consent of the client.

The client shall pay for any work agreed outside the scope of the assignment (additional work) on the basis of subsequent calculation. Capital Content is not obliged to perform additional work.

ARTICLE 3. PRICES AND PAYMENT TERMS

All prices quoted by Capital Content are in Euros, exclusive of sales tax (VAT) and exclusive of other levies/taxes/surcharges imposed by the government.

All costs arising for Capital Content from the agreement with the client shall be for the client’s account unless agreed otherwise.

Client agrees to electronic invoicing by Capital Content.

ARTICLE 4. CONTRACT TERM, TERMINATION AND DISSOLUTION

The agreement is entered into for the period stated in the agreement.

A fixed-term contract cannot be terminated prematurely.

Should the client fail to fulfill any of his obligations arising from the agreement or these general terms and conditions, or fail to do so properly or in time, as well as in the event of bankruptcy, suspension of payments, attachment, or liquidation of the client, Capital Content may, without any obligation to pay compensation and without prejudice to its other rights, dissolve the agreement in whole or in part or suspend further execution. In that case, all fixed costs for the remaining duration of the agreement shall be payable at once, in full, and immediately.

ARTICLE 5. LIABILITY AND DAMAGE

The client may hold Capital Content liable for performing the work agreed upon, but not for any form of compensation. The written notice of default must contain a detailed description of the shortcoming and a reasonable term of at least two weeks to remedy it.

If Capital Content’s exclusion of liability for (consequential or additional) damages is overturned in court, Capital Content liability for direct damages shall under all circumstances be limited to 50% of the amount payable by the client to Capital Content under the agreement with a maximum of € 1,500 per business entity. Indirect damage such as consequential damage, loss of profit, lost savings, and/or damage due to business stagnation is not eligible for compensation by Capital Content.

The client indemnifies Capital Content against possible claims by third parties, who suffer damages in connection with the execution of the agreement and of which the cause is attributable to other parties than Capital Content.

ARTICLE 6. PERSONNEL OF Capital Content

The client is not allowed to employ or otherwise, directly or indirectly, have employees of Capital Content work for them as long as the contractual relationship with Capital Content continues, nor for one year after the end thereof. In the event of an infringement of this prohibition, the client shall forfeit to Capital Content an immediately payable fine of € 50,000 per infringement. If the penalty turns out not to be payable, the client shall owe Capital Content reasonable compensation for the costs invested in the relevant employee in connection with the placement, recruitment, and training.

If an employee of Capital Content is deployed on location, the client shall ensure a safe and healthy working environment. Within this framework, the client is obliged to properly comply with all laws and regulations regarding working conditions and is obliged to ensure that the location where, and the tools and materials with which this employee performs his work under this agreement, meet all applicable safety regulations and ensure everything that can reasonably be expected of Capital Content to prevent the employee from suffering damage during the performance of the work.

ARTICLE 7. CONFIDENTIALITY

Parties shall treat information that they provide to each other before, during, or after the implementation of the agreement confidentially if this information is explicitly marked confidential or if the receiving party knows or should reasonably suspect that the information was intended to be confidential. Parties shall also impose this obligation on their employees as well as on third parties engaged by them for the execution of the agreement.

ARTICLE 8. INTELLECTUAL PROPERTY RIGHTS

All copyrights and other intellectual property rights regarding the services provided and/or products delivered by Capital Content within the scope of the agreement with the client, rest with Capital Content. All other intellectual property rights, in so far as they are at the free disposal of the parties, shall, in so far as the transfer can easily be affected by Capital Content, be transferred to the client upon first written request and against reimbursement of costs, but only if and as soon as the client has fully met its (payment) obligations under the agreement vis-à-vis Capital Content.

All information and documents provided by Capital Content are exclusively intended to be used by the client. The client is not allowed to publish or reproduce any of the information obtained from Capital Content in any form whatsoever unless this has been authorized in writing by Capital Content.

Capital Content is entitled to use the knowledge and information gained during the implementation of the work (anonymously) for other purposes.

ARTICLE 9. GENERAL PROVISIONS

Any legal relationship with Capital Content shall be governed exclusively by Dutch law.

If any provision from the agreement with the client or the General Terms and Conditions proves to be invalid, this shall not affect the validity of the entire agreement or the General Terms and Conditions as a whole. The parties shall, in that case, lay down a new provision to replace it, which shall give shape to the original intention as far as possible

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