Form Overview
The Co-Located Hardware Agreement and Standard Terms and Conditions structure an arrangement allowing Vendor to integrate a computer with target software applications at Customer site for use by Customer on a subscription fee basis using transaction pricing. The Customer executes an abbreviated format specifying software and hardware assets to be located at the Customer site, along with start-up fee, subscription fee and subscription term. The Standard Terms and Conditions governing invoicing, maintenance, consulting services as well as warranties, intellectual property rights and vendor escrow responsibilities are incorporated into the abbreviated format by reference. Licenses to the system are specified by Option Agreement exercisable by Customer. Maintenance services extend to hardware as well as software. The arrangement includes a Work Order framework allowing Customer to retain Vendor on a time and material basis at agreed rates.
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