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Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant - Massachusetts

State:
Massachusetts
Control #:
MA-70232NMS
Format:
Word; 
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Description

This Addendum can be attached to most third party Vendor agreement to bring the Agreement into compliance with the institution's standard terms and conditions. (It is not applicable to Construction Agreements.) Should you have to make any revisions to specific clauses in this addendum or if the third party wants to revise insurance, indemnity, limitations of liability or waiver of subrogations, it is advised that you speak with your legal department and/or risk management department before making any changes. Read all contracts very carefully and negotiate all the terms and conditions to meet the institution’s needs and expectations.
Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant — Massachusetts are documents that supplement, modify, or add to the terms and conditions of an existing contract. Addendums are commonly used to clarify the intent of the parties, make minor changes, or update the terms of the agreement. Addendums are commonly used to ensure the contract meets the requirements of the Massachusetts state law. The different types of Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant — Massachusetts include: 1. Indemnification Addendum: This addendum is used to establish an indemnity agreement between the parties. It outlines the responsibility of each party for any claims, damages, or losses that may arise from the performance of the contract. 2. Conflict of Interest Addendum: This addendum is used to ensure that parties do not engage in any actions that create a conflict of interest that could harm the interests of the institution. 3. Arbitration Addendum: This addendum is used to establish an arbitration clause in the contract. This clause outlines the process and procedures that will be used to resolve any disputes that may arise between the parties. 4. Non-Compete Addendum: This addendum is used to restrict a vendor or consultant from competing with the institution. It also restricts the vendor or consultant from disclosing confidential information or using the institution’s name or reputation for their own gain. 5. Non-Disclosure Addendum: This addendum is used to protect the institution’s confidential information from being disclosed to third parties. It also outlines the responsibilities of the vendor or consultant to maintain the confidentiality of the information.

Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant — Massachusetts are documents that supplement, modify, or add to the terms and conditions of an existing contract. Addendums are commonly used to clarify the intent of the parties, make minor changes, or update the terms of the agreement. Addendums are commonly used to ensure the contract meets the requirements of the Massachusetts state law. The different types of Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant — Massachusetts include: 1. Indemnification Addendum: This addendum is used to establish an indemnity agreement between the parties. It outlines the responsibility of each party for any claims, damages, or losses that may arise from the performance of the contract. 2. Conflict of Interest Addendum: This addendum is used to ensure that parties do not engage in any actions that create a conflict of interest that could harm the interests of the institution. 3. Arbitration Addendum: This addendum is used to establish an arbitration clause in the contract. This clause outlines the process and procedures that will be used to resolve any disputes that may arise between the parties. 4. Non-Compete Addendum: This addendum is used to restrict a vendor or consultant from competing with the institution. It also restricts the vendor or consultant from disclosing confidential information or using the institution’s name or reputation for their own gain. 5. Non-Disclosure Addendum: This addendum is used to protect the institution’s confidential information from being disclosed to third parties. It also outlines the responsibilities of the vendor or consultant to maintain the confidentiality of the information.

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FAQ

Third party contracts are agreements that involve a person who isn't a party to a contract but is involved with the transaction. Third party contracts are agreements that involve a person who isn't a party to a contract but is involved with the transaction. This person may be a buyer representing one of the parties.

A service provider contract is a legal agreement between a business and an individual or company providing services to the business. The contract should outline what the service provider will do for the business, as well as how much they will be compensated and how long they will be providng services.

What is an IT Service Agreement? An IT service agreement is a document signed between the customer or the client and the person or company providing IT services. The IT service agreement talks about all the parameters that both parties fix within the contract.

Updated October 30, 2020: A third party vendor agreement is a contract between two parties that later adds an outside party. In general, the third-party provides goods or services to help one of the parties fulfill its contractual obligations.

An IT service provider agreement is a written contract between an IT provider and a client and details the level of service the provider will offer the client. This agreement includes services provided, minimum response time, and provider liability protection.

Novation is the replacement of one of the parties in an agreement between two parties, with the consent of all three parties involved. To novate is to replace an old obligation with a new one.

A service-level agreement (SLA) is a contract between a service provider and its customers that documents what services the provider will furnish and defines the service standards the provider is obligated to meet.

More info

STANDARD ADDENDUM for all Contracts or Agreements between the Trustees of Hampshire College and any third party Vendor or Consultant. STANDARD ADDENDUM for all Contracts or Agreements between the Trustees of Smith College and any third party Vendor or Consultant.This Agreement sets forth the terms and conditions for the performance of professional services by. For items not listed, check the full agreement. Article I. Scope of Agreement. Deemed part of the contract between Contractor and JBE. Fees and pricing in any. YES Will contract or partner with an Education Service Provider (ESP). For purposes of this Addendum and the Contract, the term. 1.2.

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Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant - Massachusetts