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MSA Software Agreement
"I need an MSA Software Agreement for my fintech company that will be providing banking software solutions to multiple Indian banks, with strong data security provisions and compliance with RBI guidelines; the agreement should be ready for first use by March 2025."
1. Parties: Identification of contracting parties with full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of software and services to be provided
5. License Grant: Terms of software license, including scope, restrictions, and usage rights
6. Service Levels: Performance standards, availability, and support commitments
7. Fees and Payment: Pricing, payment terms, and invoicing procedures
8. Intellectual Property Rights: IP ownership, rights, and restrictions
9. Confidentiality: Protection of confidential information and trade secrets
10. Data Protection and Privacy: Compliance with Indian data protection laws and privacy requirements
11. Term and Termination: Duration, renewal, and termination provisions
12. Warranties and Representations: Standard warranties and representations from both parties
13. Limitation of Liability: Liability caps and exclusions
14. Indemnification: Mutual indemnification obligations
15. Force Majeure: Provisions for unforeseen circumstances and force majeure events
16. Governing Law and Jurisdiction: Indian law as governing law and jurisdiction details
17. General Provisions: Standard boilerplate clauses including notices, assignment, and amendments
1. Implementation Services: Details of software implementation services if required
2. Training: Training obligations if included in the scope
3. Disaster Recovery: Disaster recovery and business continuity provisions if critical
4. Source Code Escrow: Source code escrow arrangements if agreed
5. Insurance: Specific insurance requirements if needed
6. Export Control: Export control provisions if software involves cross-border elements
7. Anti-Corruption: Anti-corruption provisions for public sector dealings
8. Change Control: Process for managing changes to services or specifications
1. Software Description: Detailed technical specifications of the software
2. Service Level Agreement: Detailed service levels, metrics, and remedies
3. Fee Schedule: Detailed pricing, payment terms, and rate cards
4. Support Services: Description of support and maintenance services
5. Security Requirements: Specific security standards and requirements
6. Data Processing Agreement: Detailed data processing terms and requirements
7. Acceptable Use Policy: Terms of acceptable use of the software
8. Implementation Plan: Project plan and milestones for implementation if applicable
Authors
Affiliate
Agreement
Authorized Users
Business Day
Confidential Information
Configuration
Customer Data
Customer Materials
Deliverables
Documentation
Effective Date
Fees
Force Majeure Event
Good Industry Practice
Implementation Services
Initial Term
Intellectual Property Rights
License
License Term
Maintenance Services
Malicious Code
Order Form
Personal Data
Professional Services
Provider
Renewal Term
Service Credits
Service Levels
Services
Software
Source Code
Specifications
Statement of Work
Support Services
System Requirements
Term
Third Party Components
Updates
Upgrades
User Acceptance Testing
Virus
Working Hours
Intellectual Property
Service Levels
Support and Maintenance
Implementation
Acceptance Testing
Fees and Payment
Data Protection
Data Security
Confidentiality
Warranties
Indemnification
Limitation of Liability
Force Majeure
Term and Termination
Change Control
Dispute Resolution
Assignment
Subcontracting
Audit Rights
Insurance
Notices
Governing Law
Anti-Corruption
Export Control
Source Code Escrow
Business Continuity
Non-Solicitation
Entire Agreement
Severability
Amendment
Waiver
Information Technology
Banking and Financial Services
Healthcare
E-commerce
Manufacturing
Telecommunications
Professional Services
Retail
Education
Government and Public Sector
Insurance
Media and Entertainment
Legal
Information Technology
Procurement
Information Security
Compliance
Risk Management
Vendor Management
Software Development
Operations
Project Management
Business Development
Finance
Chief Technology Officer
Chief Information Officer
IT Director
Procurement Manager
Legal Counsel
Contract Manager
Software Development Manager
Information Security Officer
Compliance Officer
Technical Project Manager
Vendor Management Director
Solutions Architect
IT Operations Manager
Business Development Manager
Risk Manager
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