New Hampshire ATM Service Agreement

• Category: Corporations - Public - Services
• State: Multi-State
• Control #: US-EG-9125
• Format: Word; Rich Text

Description

ATM Service Agreement between WORLDCOM Technologies, Inc. and Telocity, Inc. dated August 23, 1999. 12 pages New Hampshire ATM Service Agreement is a legally binding contract that outlines the terms and conditions between a financial institution, often referred to as the "ATM owner," and a merchant or business establishment, known as the "ATM location." This agreement governs the services provided by the ATM owner to the ATM location, pertaining to the operation and maintenance of the ATM. The New Hampshire ATM Service Agreement covers various aspects, including but not limited to: 1. ATM Installation: This section details the procedures and responsibilities for installing the ATM at the designated location, ensuring compliance with state and federal regulations, and obtaining any necessary permissions or permits. 2. Equipment Ownership: It clarifies the ownership of the ATM, including any hardware, software, or accessories associated with it. It also specifies whether the machine is leased from a third party or owned by the ATM owner. 3. Service Provider Obligations: The agreement describes the responsibilities and obligations of the ATM owner, such as ensuring operational readiness, maintaining the ATM in good working condition, providing cash replenishment, and resolving technical issues promptly. 4. ATM Location Duties: It outlines the obligations of the ATM location, which may include granting access to the premises, providing internet connection, ensuring a secure environment, and promoting the ATM to customers. 5. Revenue Sharing: This section specifies the agreed-upon revenue sharing model between the ATM owner and the ATM location. It may include surcharge fees collected from ATM users, interchange fees, or transaction fees. 6. Insurance and Liability: The agreement addresses matters of insurance, including the coverage required for the ATM, premises, and potential incidents such as theft, vandalism, or accidents. It also clarifies liability for any damages or losses incurred by either party. 7. Termination and Renewal: This portion explains the conditions under which the agreement can be terminated by either party, such as breach of terms, non-payment, or unsatisfactory performance. It also outlines the procedures for contract renewal or renegotiation. Different types of New Hampshire ATM Service Agreements may exist based on the specific terms and conditions negotiated between the ATM owner and the ATM location. These may include variations in revenue sharing models, contract durations, or additional services provided by the ATM owner, such as marketing or reporting. In conclusion, the New Hampshire ATM Service Agreement is a comprehensive contract that establishes the rights and obligations of the ATM owner and the ATM location. It ensures a mutually beneficial relationship, while safeguarding the interests of both parties involved in the provision of ATM services.

New Hampshire ATM Service Agreement is a legally binding contract that outlines the terms and conditions between a financial institution, often referred to as the "ATM owner," and a merchant or business establishment, known as the "ATM location." This agreement governs the services provided by the ATM owner to the ATM location, pertaining to the operation and maintenance of the ATM. The New Hampshire ATM Service Agreement covers various aspects, including but not limited to: 1. ATM Installation: This section details the procedures and responsibilities for installing the ATM at the designated location, ensuring compliance with state and federal regulations, and obtaining any necessary permissions or permits. 2. Equipment Ownership: It clarifies the ownership of the ATM, including any hardware, software, or accessories associated with it. It also specifies whether the machine is leased from a third party or owned by the ATM owner. 3. Service Provider Obligations: The agreement describes the responsibilities and obligations of the ATM owner, such as ensuring operational readiness, maintaining the ATM in good working condition, providing cash replenishment, and resolving technical issues promptly. 4. ATM Location Duties: It outlines the obligations of the ATM location, which may include granting access to the premises, providing internet connection, ensuring a secure environment, and promoting the ATM to customers. 5. Revenue Sharing: This section specifies the agreed-upon revenue sharing model between the ATM owner and the ATM location. It may include surcharge fees collected from ATM users, interchange fees, or transaction fees. 6. Insurance and Liability: The agreement addresses matters of insurance, including the coverage required for the ATM, premises, and potential incidents such as theft, vandalism, or accidents. It also clarifies liability for any damages or losses incurred by either party. 7. Termination and Renewal: This portion explains the conditions under which the agreement can be terminated by either party, such as breach of terms, non-payment, or unsatisfactory performance. It also outlines the procedures for contract renewal or renegotiation. Different types of New Hampshire ATM Service Agreements may exist based on the specific terms and conditions negotiated between the ATM owner and the ATM location. These may include variations in revenue sharing models, contract durations, or additional services provided by the ATM owner, such as marketing or reporting. In conclusion, the New Hampshire ATM Service Agreement is a comprehensive contract that establishes the rights and obligations of the ATM owner and the ATM location. It ensures a mutually beneficial relationship, while safeguarding the interests of both parties involved in the provision of ATM services.