The Wisconsin Services Agreement between The Sutherland Group, LTD and Velocity, Inc is a legally binding contract that outlines the terms and conditions for the provision of services in the state of Wisconsin. This agreement establishes a mutually beneficial relationship between the two parties and defines their roles and responsibilities in the business arrangement. The Agreement covers various aspects related to the services provided by The Sutherland Group, LTD to Velocity, Inc. This may include but is not limited to consulting services, software development, marketing, or any other specialized services as agreed upon by both parties. Key components of the agreement may include: 1. Scope of Services: This section outlines the specific services to be provided by The Sutherland Group, LTD. It defines the project goals, objectives, and deliverables. 2. Payment Terms: The agreement sets forth the payment terms and conditions. It includes details such as service fees, payment schedule, and any additional expenses or reimbursements associated with the services. 3. Term and Termination: The duration of the agreement is specified, along with provisions for termination by either party upon breach of contract or failure to meet obligations. It may also mention provisions for renewal and notice period requirements. 4. Confidentiality: This section emphasizes the importance of maintaining confidentiality of proprietary information shared between the parties during the course of the engagement. It may include non-disclosure agreements and related obligations. 5. Intellectual Property Rights: The agreement addresses ownership and usage rights of intellectual property developed or utilized during the provision of services. It may specify whether intellectual property will be assigned to Velocity, Inc or licensed to them for specific purposes. 6. Indemnification: Both parties typically agree to indemnify and hold each other harmless from any claims, liabilities, or damages arising out of the services provided or any breach of the agreement. 7. Governing Law and Jurisdiction: The agreement designates Wisconsin law as the governing law and specifies the jurisdiction or venue for any legal disputes or arbitration proceedings. It's important to note that while the aforementioned components are commonly included in such agreements, the specific terms and conditions may vary depending on the nature of the services being provided and the negotiation between The Sutherland Group, LTD and Velocity, Inc. Different types of Wisconsin Services Agreement between The Sutherland Group, LTD and Velocity, Inc may include variations such as IT services agreement, marketing services agreement, or consulting services agreement. Each type of agreement may have unique clauses and considerations based on the nature of the services involved.