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Third Party Vendor Contract
"I need a Third Party Vendor Contract for a software development company that will be providing our organization with custom application development services, including strict data protection clauses and monthly payment terms, starting from March 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: Detailed description of services to be provided
5. Payment Terms: Pricing, payment schedule, and invoicing requirements
6. Term and Termination: Duration of agreement and termination conditions
7. Representations and Warranties: Statements of fact and promises made by each party
8. Compliance with Laws: Obligations to comply with applicable laws and regulations
9. Indemnification: Protection against third-party claims and losses
10. Limitation of Liability: Caps and exclusions on liability
11. Governing Law: Law governing the interpretation and enforcement of the agreement
1. Data Protection: Terms governing the handling and protection of personal data
2. Information Security: Security requirements and standards for system access and data handling
3. Business Continuity: Requirements for disaster recovery and business continuation
4. Intellectual Property Rights: Terms governing ownership and use of intellectual property
5. Confidentiality: Terms governing the protection of confidential information
6. Insurance Requirements: Specific insurance coverage obligations
1. Schedule A - Service Level Agreement: Detailed performance metrics and service standards
2. Schedule B - Price Schedule: Detailed breakdown of costs and pricing structure
3. Schedule C - Data Processing Agreement: Specific terms for handling personal data
4. Schedule D - Security Requirements: Detailed security protocols and requirements
5. Schedule E - Insurance Requirements: Specific insurance coverage requirements and minimum limits
6. Schedule F - Key Personnel: List of key vendor personnel assigned to the services
Authors
Applicable Laws
Authorized Representatives
Business Day
Confidential Information
Client Data
Client Systems
Deliverables
Effective Date
Force Majeure Event
Intellectual Property Rights
Key Personnel
Material Breach
Personal Data
Services
Service Levels
Specifications
Subcontractor
Term
Third Party Materials
Vendor Personnel
Vendor Systems
Work Product
Change Order
Acceptance Criteria
Fees
Payment Terms
Performance Standards
Security Requirements
Compliance Requirements
Dispute Resolution Procedures
Business Continuity Plan
Disaster Recovery Plan
Exit Plan
Service Credits
Transition Services
Payment Terms
Term and Termination
Service Levels
Performance Standards
Intellectual Property Rights
Confidentiality
Data Protection
Information Security
Representations and Warranties
Indemnification
Limitation of Liability
Insurance Requirements
Compliance with Laws
Force Majeure
Business Continuity
Disaster Recovery
Change Management
Subcontracting
Audit Rights
Assignment and Delegation
Non-Solicitation
Dispute Resolution
Governing Law
Notice Requirements
Exit Management
Transition Services
Personnel Requirements
Record Keeping
Reporting Requirements
Quality Assurance
Risk Management
Environmental Compliance
Anti-Corruption
Import/Export Compliance
Relationship of Parties
Entire Agreement
Severability
Waiver
Amendment Process
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