The Illinois Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp is a comprehensive document outlining the terms and conditions related to license arrangements entered into by these parties. This agreement aims to establish a mutually beneficial relationship and ensure seamless cooperation in terms of software licenses and support services. Here is a detailed description of this support agreement: The Illinois Support Agreement covers various aspects of licensing arrangements, including but not limited to: 1. License Grant: This section defines the scope and extent of the license granted by 724 Solutions, Inc., and 724 Solutions International, NRL to Chicory Strategic Technology Corp. It describes the permitted use of the licensed software, any restrictions, and any additional licensing terms specific to Illinois. 2. Support Services: The agreement outlines the support services to be provided by 724 Solutions, Inc. and 724 Solutions International, NRL to Chicory Strategic Technology Corp. This includes maintenance and updates for the licensed software, as well as technical support, training, and other assistance necessary for efficient utilization of the software. 3. Maintenance and Upgrades: The agreement establishes the terms for maintenance and upgrades of the licensed software. It clarifies whether these services will be provided free of charge or at an additional cost, the process for requesting upgrades, and any associated timelines or limitations. 4. Intellectual Property: This section emphasizes the ownership of intellectual property rights in the licensed software. It specifies that 724 Solutions, Inc. and 724 Solutions International, NRL retain full ownership of the software and associated materials, except for any modifications or enhancements made specifically for Chicory Strategic Technology Corp, which may be subject to a separate agreement. 5. Confidentiality: The agreement includes a confidentiality clause, ensuring that all parties involved will protect and maintain the confidentiality of any proprietary information or trade secrets shared during the license arrangements. This safeguards the mutual interests and prevents unauthorized disclosure of sensitive information. 6. Indemnification: This section addresses indemnification for any claims, damages, or liabilities arising from the use of the licensed software. It clarifies the responsibilities of each party in the event of any legal issues or disputes, including the extent of their financial liability. 7. Term and Termination: The agreement specifies the duration of the agreement and the conditions for termination. It may include provisions for termination due to breach of contract, bankruptcy, or in accordance with prior notice periods agreed upon by the parties. It is important to note that while the Illinois Support Agreement between 724 Solutions, Inc., 724 Solutions International, NRL, and Chicory Strategic Technology Corp is a comprehensive framework, different types of support agreements may exist based on the specific software or services being licensed, the industry in question, or any unique requirements determined by either party. However, the above information provides a general understanding of the content typically addressed in such support agreements.
Illinois Support Agreement between 724 Solutions, Inc., 724 Solutions International, SRL and Citicorp Strategic Technology Corp regarding license arrangements
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How to fill out Illinois Support Agreement Between 724 Solutions, Inc., 724 Solutions International, SRL And Citicorp Strategic Technology Corp Regarding License Arrangements?
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