New Mexico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL and Chicory Strategic Technology Corp regarding license arrangements is a legal document that outlines the terms and conditions for providing support and services related to software licenses between the parties involved. This agreement is crucial in ensuring the smooth operation, maintenance, and usage of licensed software, and it sets forth the responsibilities, rights, and obligations of each party involved. Key aspects covered in the New Mexico Support Agreement include: 1. License arrangement: The agreement defines the specific software licenses held by Chicory Strategic Technology Corp from 724 Solutions, Inc. and 724 Solutions International, NRL. It elaborates on the scope and limitations of these licenses, including any restrictions on usage or distribution. 2. Support services: The agreement outlines the support and maintenance services that the licensor (724 Solutions, Inc., and 724 Solutions International, NRL) will provide to Chicory Strategic Technology Corp. This may include software updates, bug fixes, technical assistance, and access to documentation and knowledge base resources. 3. Service levels: The agreement discusses the expected service levels for support and maintenance, including response times for issue resolution, availability of support staff, and escalation procedures for critical issues. These service level agreements ensure quality and timely assistance from the licensor. 4. Fees and payment terms: The financial aspects of the support agreement are described, including any recurring support fees, upfront payments, or additional charges for specific services. The agreement states the payment schedule and methods accepted by the licensor. 5. Term and termination: The agreement lays out the duration of the support agreement, which may be for a fixed term or indefinitely. It specifies the conditions under which either party can terminate the agreement, such as breach of terms, bankruptcy, or non-payment. 6. Intellectual property rights: The agreement addresses the ownership and protection of intellectual property, ensuring that the licensed software and any associated documentation or materials are safeguarded. It may include clauses on confidentiality, non-disclosure, and non-compete obligations. 7. Dispute resolution: In case of any disagreements or disputes between the parties, the agreement provides guidelines for resolution through negotiation, mediation, or arbitration. This promotes a fair resolution without resorting to litigation. Different types of New Mexico Support Agreements can include variations in terms, depending on the specific software licenses, support requirements, and business context. For instance, the agreement might differ if it covers support for a specific module or add-on, support for different software versions, or if it includes the provision of hardware systems alongside software support. In conclusion, the New Mexico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp regarding license arrangements establishes a framework for providing comprehensive support services related to software licenses. It ensures a mutually beneficial relationship between the licensor and licensee, protecting the interests of both parties and promoting effective and reliable software usage.
New Mexico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL and Chicory Strategic Technology Corp regarding license arrangements is a legal document that outlines the terms and conditions for providing support and services related to software licenses between the parties involved. This agreement is crucial in ensuring the smooth operation, maintenance, and usage of licensed software, and it sets forth the responsibilities, rights, and obligations of each party involved. Key aspects covered in the New Mexico Support Agreement include: 1. License arrangement: The agreement defines the specific software licenses held by Chicory Strategic Technology Corp from 724 Solutions, Inc. and 724 Solutions International, NRL. It elaborates on the scope and limitations of these licenses, including any restrictions on usage or distribution. 2. Support services: The agreement outlines the support and maintenance services that the licensor (724 Solutions, Inc., and 724 Solutions International, NRL) will provide to Chicory Strategic Technology Corp. This may include software updates, bug fixes, technical assistance, and access to documentation and knowledge base resources. 3. Service levels: The agreement discusses the expected service levels for support and maintenance, including response times for issue resolution, availability of support staff, and escalation procedures for critical issues. These service level agreements ensure quality and timely assistance from the licensor. 4. Fees and payment terms: The financial aspects of the support agreement are described, including any recurring support fees, upfront payments, or additional charges for specific services. The agreement states the payment schedule and methods accepted by the licensor. 5. Term and termination: The agreement lays out the duration of the support agreement, which may be for a fixed term or indefinitely. It specifies the conditions under which either party can terminate the agreement, such as breach of terms, bankruptcy, or non-payment. 6. Intellectual property rights: The agreement addresses the ownership and protection of intellectual property, ensuring that the licensed software and any associated documentation or materials are safeguarded. It may include clauses on confidentiality, non-disclosure, and non-compete obligations. 7. Dispute resolution: In case of any disagreements or disputes between the parties, the agreement provides guidelines for resolution through negotiation, mediation, or arbitration. This promotes a fair resolution without resorting to litigation. Different types of New Mexico Support Agreements can include variations in terms, depending on the specific software licenses, support requirements, and business context. For instance, the agreement might differ if it covers support for a specific module or add-on, support for different software versions, or if it includes the provision of hardware systems alongside software support. In conclusion, the New Mexico Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp regarding license arrangements establishes a framework for providing comprehensive support services related to software licenses. It ensures a mutually beneficial relationship between the licensor and licensee, protecting the interests of both parties and promoting effective and reliable software usage.
