California Network Services Agreement regarding providing financial news and other data and Internet protocol backbone and other data transport services

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9491
• Format: Word; Rich Text

Description

Network Services Agreement between Savvis Communications Corporation and Bridge Information Systems, Inc. regarding providing financial news and other data and Internet protocol backbone and other data transport services provision and receipt of

California Network Services Agreement is a comprehensive contractual document that outlines the terms and conditions pertaining to the delivery of financial news, data, and Internet protocol (IP) backbone services. It is an agreement between California-based entities involved in offering such services and their clients. This agreement is specifically designed to meet the needs of businesses operating in the financial sector, providing them with reliable, secure, and high-speed network connectivity, data transport, and access to crucial financial information. To ensure clarity and avoid any potential disputes, the agreement contains explicit language and provisions addressing various aspects of the services provided. Key components covered in the California Network Services Agreement include: 1. Financial News Services: This component focuses on the dissemination of financial news to clients, ensuring the accurate and prompt delivery of market updates, economic data releases, corporate announcements, and other relevant financial information. Service providers commit to utilizing efficient technology and dedicated resources to deliver timely news updates to their clients. 2. Data Services: The agreement outlines the terms and conditions regarding the provision of comprehensive financial data services, including real-time market quotes, historical price data, market indices, trading volumes, and other financial market information. Service providers maintain strict data integrity and security measures to ensure the reliability and accuracy of the data delivered. 3. Internet Protocol (IP) Backbone Services: This segment deals with the establishment of a robust IP backbone infrastructure that enables seamless and uninterrupted data transport between clients and service providers. It outlines the responsibilities of both parties concerning network availability, maintenance, and upgrades, ensuring uninterrupted access to financial news and data. 4. Data Transport Services: The agreement covers the secure and efficient transfer of financial data over the established network infrastructure. It includes provisions related to data encryption, data compression, latency, bandwidth management, and data recovery, with a strong focus on protecting the integrity and confidentiality of the transmitted information. 5. Service-Level Agreements (SLAs): This clause specifies the agreed-upon service levels and performance metrics. It outlines the minimum uptime guarantee, response times, network availability, and other parameters that form the basis for service quality expectations. SLAs also define the procedures for reporting and resolving any service disruptions or failures. Different types of California Network Services Agreements might exist based on variables such as the service provider's specialization, target market, or scale of operations. These may include: 1. Financial News Agreements: Focused primarily on the delivery of timely financial news updates, these agreements cater specifically to clients seeking real-time market information for decision-making purposes. 2. Data Transport Agreements: Primarily centered around the secure transmission of financial data over the provider's network infrastructure, these agreements suit clients who require a reliable and protected data transport service to facilitate their operations. 3. IP Backbone Agreements: These agreements concentrate on establishing and maintaining a resilient IP backbone infrastructure, facilitating the seamless flow of data between various networks and clients. In conclusion, the California Network Services Agreement serves as a comprehensive legal document governing the provision of financial news, data, IP backbone, and data transport services. Its purpose is to ensure seamless connectivity, high-quality data provision, and utmost security for clients operating in the competitive financial industry.