Technology Consulting Contract

This is a generic technology contract. It includes an overview of the project, including estimated time, cost, and team members. It then outlines general terms, including payment requirements, client ownership of deliverables, and limitation of liability on both parties.

Technology Consulting Contract

Receiver Company

Sender Company

Engagement Details

Project Description

Description

Deliverables

Deliverables

Project Timeline

Timeline

Staffing and Professional Fees

Project Team & Organization

During the length of the engagement, the project team structure and organization shall be the following:

Team Structure

Professional Fees & Expenses

Sender Company will charge Cost for the project with the agreed upon scope. If the scope is increased to include additional scope, a revised estimate will be agreed and amended to this contract.

Receiver Company will pay for recurring monthly hosting fees, estimated to be $Hosting Fees/mo.

This fee does not include travel costs as, presently there is no need for travel.

Receiver Company shall make an initial payment in the amount of of 25% of the stated professional fees, and the full balance will be payable at the end of the project, once the application has been delivered and deployed. Payments to Sender Company must be made within thirty (30) days of receipt of proper invoice. Client will pay any and all monies owed to Sender Company in the event of a termination of services.

* * * * *

General Business Terms

1 Services. It is understood and agreed that the services provided by Sender Company, hereafter referred to as "Service Provider", may include advice and recommendations, but all decisions in connection with the implementa­tion of such advice and recommendations shall be the responsibility of, and made by, Receiver Company, hereafter referred to as "Client".

2 Payment of Invoices. Properly submitted invoices are due within thirty (30) days of the date of receipt of a correct invoice. Without limiting its rights or remedies, Service Provider shall have the right to halt or terminate entirely its services if payment is not received (i) on undisputed invoiced amounts that remain unpaid thirty (30) days after the due date, and (ii) on disputed invoiced amounts that remain unpaid sixty (60) days after the due date.

3 Term. Unless terminated sooner in accordance with its terms, this engagement shall terminate on the completion of Service Provider’s services hereunder. Either party may terminate this engagement at any time by giving written notice to the other party not less than two (2) weeks before the effective date of termination, provided that, for termination for cause, the breaching party shall have the opportunity to cure within such period.

4 Ownership.

a Service Provider Technology. Service Provider has created, acquired or otherwise has rights in, and may, in connection with the performance of services hereunder, employ, provide, modify, create, acquire or otherwise obtain rights in, various concepts, ideas, methods, methodologies, procedures, processes, know-how, and techniques (including, without limitation, models; templates; the generalized features of the structure, sequence and organization of software; user interfaces and screen designs; general purpose consulting and software tools, utilities and routines; and logic, coherence and methods of operation of systems) (collectively, the “Service Provider technology”).

b Ownership of Deliverables. Except as provided below, upon full and final payment to Service Provider hereunder, the tangible items specified as deliverables or work product in the engagement letter to which these terms are attached (the “Deliverables”) will become the property of Client. To the extent that any Service Provider technology is contained in any of the Deliverables, Service Provider hereby grants Client, upon full and final payment to Service Provider hereunder, a royalty-free, fully paid-up, worldwide, non?exclusive license to use such Service Provider technology in connection with the Deliverables.

c Ownership of Service Provider Property. To the extent that Service Provider utilizes any of its property (including, without limitation, the Service Provider technology or any hardware or software of Service Provider) in connection with the performance of services hereunder, such property shall remain the property of Service Provider and, except for the license expressly granted in Paragraph 4(b), Client shall acquire no right or interest in such property. Notwithstanding anything herein to the contrary, the parties acknowledge and agree that (a) Service Provider will own all right, title, and interest, including, without limitation, all rights under all copyright, patent and other intellectual property laws, in and to the Service Provider technology and (b) Service Provider may employ, modify, disclose, and otherwise exploit the Service Provider technology (including, without limitation, providing services or creating programming or materials for other clients). Service Provider does not agree to any terms that may be construed as precluding or limiting in any way its right to (a) provide consulting or other services of any kind or nature whatsoever to any person or entity as Service Provider in its sole discretion deems appropriate.

d Service Provider shall indemnify, defend and hold harmless the Client, its affiliated companies, and its and their directors, officers, employees and agents from and against any and all claims, actions, damages, losses, liabilities, costs and expenses (including reasonable attorneys’ fees and expenses) arising out of a third party claim that the Deliverables, the Service Provider Technology or any aspect of the services provided hereunder (the “Work Products”) infringe or misappropriate any patent, copyright, trade secret, trademark, service mark or other intellectual property right of a third party, except to the extent that such infringement or misappropriation arises from (i) Client's modification of the Work Products or use thereof in a manner not contemplated by this Agreement, (ii) the failure of Client to use any corrections or modifications made available by Service Provider, (iii) information, materials, instructions or specifications provided by or on behalf of Client, (iv) Client's distribution, marketing or use for the benefit of third parties of the Work Products, or (v) the use of the Work Products in combination with any product or data not provided by Service Provider. If any such Work Product, or any portion thereof, becomes, or in the reasonable opinion of Service Provider is likely to become, or is found by final, non-appealable order of a court of competent jurisdiction to be such an infringement or misappropriation, Service Provider, at its option and expense, shall have the right to (x) procure for Client the continued use of such Work Product, (y) replace such Work Product with non-infringing work product, or (z) modify such Work Product so it becomes non-infringing; provided that, if (y) or (z) is the option chosen by Service Provider, the replacement or modified Work Product is capable of performing substantially the same function. As a condition to the foregoing indemnity obligations, Client shall provide Service Provider with prompt notice of any claim for which indemnification shall be sought hereunder and shall cooperate in all reasonable respects with Service Provider in connection with any such claim. Client’s failure to give prompt notice shall not constitute a waiver of the Client’s right to indemnification and shall affect Service Provider’s indemnification obligations only to the extent that Service Provider’s rights are materially prejudiced by such failure or delay. Service Provider shall be entitled to control the handling of any such claim and to defend or settle any such claim, in its sole discretion, with counsel of its own choosing, provided that Client’s written approval shall be required for any settlement other than the payment of money or release of any claim. Notwithstanding anything to the contrary set forth herein, (i) the Client may participate, at its own expense, in any defense and settlement directly or through counsel of its choice. If Service Provider elects in writing not to defend or settle any such claim for which it is obligated to do so hereunder, or if Service Provider fails to do so promptly after receipt of notice of such claim and Client notifies Service Provider of Client’s intent to defend or settle the claim and Service Provider still fails to do so within five (5) business days of receipt of such notice, the Client will have the right to defend or settle the claim as it may deem appropriate, at the cost and expense of Service Provider, and Service Provider will promptly reimburse the Client for all costs, expenses, and settlement amounts for which it is obligated to indemnify and hold harmless Client hereunder. The foregoing provisions of this paragraph constitute the sole and exclusive remedy of Client, and the sole and exclusive obligation of Service Provider, relating to a claim that the Work Products infringes or misappropriates any patent, copyright or other intellectual property right of a third party.

5 Limitation on Warranties. This is a services engagement. Service Provider warrants that it has all necessary rights to provide the Deliverables, the Service Provider technology and the services as provided hereunder and Service Provider will perform the services hereunder in a professional manner.

6 Limitation on Damages. Client agrees that Service Provider and its personnel shall not be liable to Client for any claims, liabilities or expenses relating to this engagement for an aggregate amount in excess of the fees paid by Client to Service Provider for work performed pursuant to this engagement, and Client and its personnel shall not be liable for any claims, liabilities, or expenses relating to this engagement for an aggregate amount in excess of the amounts paid or payable by Client to Service Provider for work performed pursuant to this engagement. The preceding sentence shall not apply to (i) breaches of a party’s obligations set forth in the Confidentiality Agreement or (ii) Service Provider’s indemnity obligations under Section 4(d) above. In no event shall Client or Service Provider or their respective personnel be liable for consequential, special, indirect, incidental, punitive or exemplary loss, damage or expense relating to this engagement. In furtherance and not in limitation of the foregoing, Service Provider will not be liable in respect of any decisions made by Client as a result of the performance by Service Provider of its services hereunder. The foregoing provisions shall apply to the fullest extent of the law, whether in contract, statute, tort (such as negligence), or otherwise.

7 Cooperation.

a Client shall cooperate with Service Provider in the performance by Service Provider of its services hereunder, including, without limitation, providing Service Provider with reasonable facilities and timely access to data, information and personnel of Client.

b Client shall be responsible for the performance of its employees and agents and for the accuracy and completeness of all data and information provided to Service Provider for purposes of the performance by Service Provider of its services hereunder.

8 Force Majeure. Service Provider shall not be liable for any delays resulting from circumstances or causes beyond its reasonable control, including, without limitation, fire or other casualty, act of God, strike or labor dispute, war or other violence, or any law, order or requirement of any governmental agency or authority.

9 Limitation on Actions. No action, regardless of form, arising under or relating to this engagement, may be brought by either party more than one year after the cause of action has accrued, except that an action for non-payment may be brought by a party not later than one year following the date of the last payment due to such party hereunder.

10 Independent Contractor. It is understood and agreed that each of the parties hereto is an independent contractor and that neither party is, nor shall be considered to be, an agent, distributor or representative of the other. Neither party shall act or represent itself, directly or by implication, as an agent of the other or in any manner assume or create any obligation on behalf of, or in the name of, the other.

11 Survival. The provisions of Paragraphs 1 through 7 and 9 through 15 hereof shall survive the expiration or termination of this engagement.

12 Assignment. Except as provided below, neither party may assign, transfer or delegate any of the rights or obligations hereunder without the prior written consent of the other party. Service Provider may assign or subcontract its rights and obligations hereunder to any affiliate of Service Provider, without the consent of Client.

13 Entire Agreement. These terms, and the Proposal or Engagement Letter, to which these terms are appended, including the exhibits, constitutes the entire agreement between Service Provider and Client with respect to the subject matter hereof and supersedes all other oral and written representations, understandings or agreements relating to the subject matter hereof.

14 Governing Law and Severability. These terms, and the proposal, engagement letter or contract to which these terms are appended, including the exhibits, shall be governed by, and construed in accordance with, the laws of the State of New York (without giving effect to the choice of law principles thereof). If any provision of these terms is found by a court of competent jurisdiction to be unenforceable, such provision shall not affect the other provisions, but such unenforceable provision shall be deemed modified to the extent necessary to render it enforceable, preserving to the fullest extent permissible the intent of the parties set forth herein.

If you have any questions, please contact Sender Contact Name at Sender Contact Phone. If the above is in accordance with your understanding and wishes, you may indicate your approval in the space provided below.

Sender Company

Sender Name

Date

Client Company

Client Name

Date

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