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Master Vendor Contract
"Need a Master Vendor Contract for a software development company that will be supplying us with ongoing development services and maintenance support, with specific emphasis on data protection and intellectual property rights, starting January 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Details of products/services to be provided
5. Pricing and Payment Terms: Cost, payment schedule, invoicing requirements
6. Term and Termination: Duration and conditions for ending the agreement
7. Warranties: Guarantees regarding products/services
8. Liability and Indemnification: Risk allocation between parties
1. Service Levels: Performance metrics and standards for measuring service delivery
2. Data Protection: Requirements for handling personal and sensitive data, including privacy and security measures
3. Intellectual Property Rights: Terms governing IP ownership, licensing, and usage rights
4. Compliance Requirements: Specific regulatory and industry compliance obligations
5. Business Continuity: Disaster recovery and business continuity requirements
1. Schedule A - Product/Service Description: Detailed specifications of products/services to be provided
2. Schedule B - Pricing Schedule: Detailed pricing structure, rates, and payment terms
3. Schedule C - Service Level Agreement: Detailed performance metrics, measurement criteria, and remedies
4. Schedule D - Change Control Procedure: Process and procedures for managing changes to services/products
5. Schedule E - Insurance Requirements: Required insurance coverage details and minimum coverage amounts
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