Commercial Agreements (Recession Planning)

Finds the definition of affiliate - the entities that will be considered affiliates of the contracting parties and whose actions or circumstances may affect some of the terms of the agreement.

“Affiliate” is an entity that controls, is controlled by or shares common control with BMC or Customer, where such control arises from either (a) a direct or indirect ownership interest of more than 50% or (b) the power to direct or cause the direction of the management and policies, whether through the ownership of voting stock by contract, or otherwise, equal to that provided by a direct or indirect ownership of more than 50%.

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Extract 4 only

Finds the clause that sets out the procedure required for parties to determine disputes through arbitration, including notice requirements, the arbitration venue, the applicable rules and, in most instances, who will arbitrate.

14. ARBITRATION. Any and all disputes, claims or controversies arising out of or in any way relating to this Agreement or its breach or termination, including the determination of the scope or applicability of this Agreement to arbitrate, shall be determined by binding arbitration before a single arbitrator. The parties shall select the arbitrator from among those available through a nationally-recognized alternative dispute resolution service. If the parties cannot agree upon an acceptable arbitrator in thirty days, then JAMS or its successor shall select the arbitrator. The non-initiating party shall select the venue for arbitration to take place. The initiating party shall be the party to first either: (i) initiate through the filing of a complaint, petition or similar paper a court or administrative proceeding (a "legal proceeding") arising out of or in any way relating to this Agreement or its breach or termination; or (ii) request arbitration before either party has initiated a legal proceeding. The arbitration shall be administered by the alternative dispute resolution service from which the parties' selected the arbitrator, and in accordance with JAMS Streamlined Arbitration Rules and Procedures, as amended from time to time. Notwithstanding the forgoing, the amount and scope of discovery available to the parties shall be the same as the discovery available under the Federal Rules of Civil Procedure, as amended from time to time. The parties acknowledge and agree that to the best of their knowledge, the terms of this Agreement comply with all applicable laws, regulations and rulings. In the event that any provision of this Agreement is deemed illegal or unenforceable, that conclusion shall not affect the enforceability of the remainder of this Agreement. The arbitrator shall apply the valid and enforceable laws of the State of Colorado. Each party shall pay daily in advance one half the fees of the arbitrator and court reporter and one half the rental of the hearing room and any other costs of the proceeding, as determined by the arbitrator. Each party shall bear the costs of its own attorneys, accountants and other experts, provided that the arbitrator may, in the arbitration award, award the prevailing party its full costs of arbitration, including all arbitration fees and costs and all reasonable fees and costs for attorneys, accountants and experts. Notwithstanding any provision of law or other provision of this Agreement, this Agreement to arbitrate shall be enforceable under the Federal Arbitration Act. Judgment on the arbitration award may be entered in any court having jurisdiction.

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Extract 4 only

Finds that portion of the arbitration clause that sets out the rules that govern the arbitration proceedings.

the Commercial Arbitration Rules of the American Arbitration Association ("AAA Rules")

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Finds provisions dealing with rights and formalities of assignment of the agreement. Works best on commercial and corporate agreements. Not recommended for use on Facility agreements or Leases.

This Agreement and the license granted hereunder may not be assigned, sublicensed or otherwise transferred by Licensee without the prior written consent of Licensor.

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Finds provisions that trigger new rights or obligations in the event of a change in ownership in a party.

Without affecting any other right or remedy available to it, either party may terminate this Agreement with immediate effect by giving written notice to the other party if there is a change of control of the other party.

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Finds definitions of “Control” & “Change of Control” in the context of mergers/acquisitions. 

Change of control: the direct or indirect acquisition of either the majority of the voting stock, or of all, or substantially all, of the assets, of a party by another entity in a single transaction or a series of transactions.

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Finds the dispute resolution process and procedure, and the use of any dispute resolution bodies.

Dispute Resolution. Customer’s satisfaction is an important objective to SailPoint in performing its obligations under this SaaS Agreement. Except with respect to intellectual property rights, if a dispute arises between the parties relating to the interpretation or performance of this SaaS Agreement or the grounds for the termination hereof, the parties agree to hold a meeting within fifteen (15) days of written request by either party, attended by individuals with decision-making authority, regarding the dispute, to attempt in good faith to negotiate a resolution of the dispute prior to pursuing other available remedies. If, within 15 days after such meeting, the parties have not succeeded in resolving the dispute, either party may protect its interests by any lawful means available to it.

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Finds provisions where customer insolvency or bankruptcy constitutes an Event of Default.

Either party may immediately terminate this Agreement upon written notice in the event the other party become Insolvent.

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Finds the definition of a force majeure event, as well as provisions on new rights or obligations triggered by events outside the parties' reasonable control.

Neither party will be liable for failure to timely perform under this Agreement to the extent that is performance is delayed by a “Force Majeure” event to the extent caused by any of the following events, provided that they are beyond the party’s reasonable control, without the party’s fault or negligence and could have not been avoided by the party’s use of due care: acts of God including hurricanes, tornadoes, earthquakes and floods; acts of terrorism; civil unrest; interference by civil or military authority, including war and embargoes; fires; epidemics; and labour strikes (other than labour strikes by the work force of the delayed party). The party claiming force majeure has the burden of establishing that a Force Majeure event has delayed performance and shall use commercially reasonable efforts to minimize the delay. The party claiming Force Majeure shall provide the other party with written notice of the Force Majeure event, including the cause of delay, the estimated time of delay and the actions taken or planned to avoid or minimize the impact of delay. If the Supplier claims a Force Majeure event that delays its performance by more than fifteen (15) calendar days, Pentamaster may cancel any further performance or terminate this Agreement with no liability or agree to extend the time of performance in writing.

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Finds the whole clause pertaining to the governing law of the agreement.

This Agreement shall be governed by and construed in accordance with the laws of Malaysia.

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Position 2 in the Governing law chain

Finds the specific name of the governing law of the agreement.

Malaysia

This Agreement shall be governed by and construed in accordance with the laws of Malaysia.

Position 1 in the Governing law chain

Finds any type of indemnity given by one party to another, including the type of loss and protocols for enforcing.

6.1. Indemnification. Company shall defend, indemnify and hold harmless Customer, from and against any and all damage, cost and expenses (including reasonable attorneys' fees) finally awarded by a competent court, which incurred as a result of any claim, suit or proceeding brought against any of them based on a claim that the Walkme Platform and/or the Service infringes upon intellectual property rights; provided Customer has notified Company promptly in writing of such claim, and gave the Company the authority, information, and assistance (at Company's expense) to control and handle the claim or the defense of any such suit, proceeding or settlement. The above indemnification shall be the sole remedy to which Customer shall be entitled in connection with the foregoing.

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Extract 4 only

Finds the Commercial Agreement's initial term.

three (3) years

The term of this Agreement is for a period of three (3) years from the Effective Date (“Initial Term”).

Finds provisions that obligate a party to obtain insurance, and the types of insurance to obtain.

8. INSURANCE. The Contractor shall secure and maintain the following types and amounts of insurance. The insurance shall be evidenced by a certificate of insurance executed by the Contractor’s insurer and sent to the Notice address. Coverage must be written on an occurrence basis by companies authorized and admitted to do business in the State of Texas and rated A- VII or better: Commercial General Liability Insurance for bodily injury and property damage, including contractual liability, with a minimum limit of $1,000,000 per occurrence, $2,000,000 products/completed operations aggregate, $2,000,000 annual aggregate; $50,000 Fire Damage and $10,000 Medical Payments. Workers' Compensation (if applicable) for all contractors, lessees, and vendors with statutory limits. Employer’s liability is also required with minimum limits of $500,000 Each Accident/$500,000 Disease-Policy/$500,000 Disease-Each Employee. Non-subscribers may be required to provide proof of financial assurance. Self-Insured entities may be required to provide a copy of their Certificate of Authority to Self-Insure as provided by the Texas Department of Insurance, Division of Workers’ Compensation. Comprehensive Automobile Liability (if applicable) covering owned, hired, and non- owned vehicles, with a combined bodily injury (including death) and property damage minimum limit of $1,000,000 per occurrence. No aggregate shall be permitted for this type of coverage. Such insurance is to include coverage for loading and unloading hazards. The required Commercial General Liability, Commercial Automobile, and Employers Liability limits may be accomplished through a combination of primary and excess or umbrella liability policies written on a follow-form basis.

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Extract 4 only

Finds the amount that constitutes the maximum liability of a defaulting party, as commonly found within the Limitation of Liability clause.

1000000 £

Other than under Clause 8.5, neither Party's liability to the other Party under this Agreement (including any indemnity) shall exceed an amount equal to £1,000,000 (one million pounds sterling) in the aggregate for each consecutive 24 (twenty four) month period during the Term, beginning on the Effective Date.

Position 1 in the Liability cap chain

Extract 4 only

Finds the time limitation on the value of the contract that constitutes the maximum liabilty of a defaulting party, as commonly found within the Limitation of Liability clause.

24 (twenty four) month 

Other than under Clause 8.5, neither Party's liability to the other Party under this Agreement (including any indemnity) shall exceed an amount equal to £1,000,000 (one million pounds sterling) in the aggregate for each consecutive 24 (twenty four) month period during the Term, beginning on the Effective Date.

Position 2 in the Liability cap chain

Extract 4 only

Finds the percentage of the value of the contract  that constitutes the maximum liabilty of a defaulting party, as commonly found within the Limitation of Liability clause.

150%

Subject to Clause 11.1 and without prejudice to Clause 11.2, each Party's maximum aggregate liability under or in connection with this Agreement or its subject matter will not exceed %150 of the value of the contract.

Position 3 in the Liability cap chain

Finds the maximum amount (usually a specific value or percentage of the value of the contract) that a defaulting party will be liable to pay upon breaching the liabilities covered by the cap.

Other than under Clause 8.5, neither Party's liability to the other Party under this Agreement (including any indemnity) shall exceed an amount equal to £1,000,000 (one million pounds sterling) in the aggregate for each consecutive 24 (twenty four) month period during the Term, beginning on the Effective Date.

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Position 4 in the Liability cap chain

Finds the whole limitation of liability clause, which usually covers types of liability included and excluded, caps, time-frames, and de minimis values.

Neither Party shall be liable to the other for any consequential or indirect losses, including any loss of profits, revenues, business, and/or anticipated savings, whether or not in the contemplation of the Parties at the time of entering into this Agreement unless expressly set out in this Agreement. 8.4 Neither Party limits its liability for death or personal injury caused by that Party's negligence or wilful default or for fraud. 8.5 Other than under Clause 8.5, neither Party's liability to the other Party under this Agreement (including any indemnity) shall exceed an amount equal to £1,000,000 (one million pounds sterling) in the aggregate for each consecutive 24 (twenty four) month period during the Term, beginning on the Effective Date.

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Finds provisions on how general notices should be served upon a party and permissible forms of communication.

Notices 23.1 Any notice required to be given under this agreement shall be in writing and shall be delivered by hand or sent by pre-paid first-class post or recorded delivery post to the other party at its address set out in this agreement, or such other address as may have been notified by that party for such purposes, or sent by fax to the other party's fax number as set out in this agreement. 23.2 A notice delivered by hand shall be deemed to have been received when delivered (or if delivery is not in business hours, at 9 am on the first business day following delivery). A correctly addressed notice sent by pre-paid first-class post or recorded delivery post shall be deemed to have been received at the time at which it would have been delivered in the normal course of post. A notice sent by fax shall be deemed to have been received at the time of transmission (as shown by the timed printout obtained by the sender).

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Extract 4 only

Finds the specific definition, name and company number of the parties to the commercial agreement, from within the main party clause. 

Name: Downtown Emergency Medical Agency | Definition: "Covered Entity" Address: | Number: 

Name: Downtown Age Trend, Inc | Definition: "Business Associate” Address: | Number: 

by and between, Downtown Emergency Medical Agency (the "Covered Entity”) and Age Trend, Inc. (the "Business Associate”)

Position 1 in the Party chain

Finds the parties clause as well as relevant definitions within commercial agreements, such as "Customer means...", or "Supplier means..."

Name: Downtown Emergency Medical Agency | Definition: "Covered Entity" Address: | Number: 

Name: Downtown Age Trend, Inc | Definition: "Business Associate” Address: | Number: 

by and between, Downtown Emergency Medical Agency (the "Covered Entity”) and Age Trend, Inc. (the "Business Associate”)

Position 2 in the Party chain

Extract 4 only

Finds currency amounts from within the price clause.

150.00 $

LICENSEE shall pay to LICENSOR a fee of One Hundred Fifty Dollars ($150.00) (the "License Fee") during the term of the License.

Position 1 in the Price chain

Finds the price clause in its entirety and incudes all provisions relating to pricing, including total value, exclusions, tax treatment, and fluctuations.

Product Prices, Payments and Others 8 8.1 Product Prices 8.1.1 Production Prices (a) The prices for Premium Products and domestic products for neighbouring courtries will be actual cost of the supplier plus 15% margin on those products. 8.1.2 Invoicing and Payment (a) In relation to sale of the Products by the Distributor in the International Territory, the Supplier shall sell the Products to the Distributor at a price in pursuant to clause no 8.1.1. (b) Invoicing will be done against FORM H of CST Rules without charging any VAT or CST. (c) Invoicing for products to be sold in domestic market will be done at the respective state office of the distributor where goods are to be delivered and CST cost will be borne by the supplier. (d) Within 90 (ninety) Business Days from the Delivery Date, or the date of delivery of the replacement Products in terms of Clause 6.2.1, as the case may be, the Distributor shall, subject to the adjustments / deductions (if any) made pursuant to Clauses 5.4, 6.2 and 6.3, pay invoices (raised in terms of Clause 5.7) in full to the designated bank account of the Supplier. (e) The Distributor shall have the sole and exclusive right and entitlement to determine the price at which Premium Products will be sold by it. (f) On receipt of confirmation of goods' readiness for dispatch, payment will be released and goods will be dispat ched on the date of receipt of payment.

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Position 2 in the Price chain

Extract 4 only

Finds the clause that sets out who will be legally bound to the agreement and/or who will benefit or inure from the agreement.

Any permitted assignment of this Agreement shall be binding upon and enforceable by and against the Parties’ successors and assigns,

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Finds provisions on how the contract ends, and procedure that must be followed. Does not find Effects of Termination. Works best on commercial and corporate agreements. Not recommended for use on Facility agreements or Leases.

Termination. 6.2.1 By Either Party. This Agreement may be terminated by either Party prior to the expiration of the Term, upon delivery of written notice of termination to the other Party, as follows: a. if the other Party fails to perform or observe any material term or condition in this Agreement and fails to cure such breach within thirty (30) days after receipt of written notice of such breach from the non- breaching Party;

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