Tennessee Software Maintenance Agreement
Description
How to fill out Software Maintenance Agreement?
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FAQ
The sale of a warranty or service contract covering the repair or maintenance of tangible personal property is subject to sales tax at the time of the sale of the contract.
A maintenance contract is a legal agreement between your organization and a maintenance service provider that outlines the work they're going to do, when they're going to do it, how quickly, and to what standard.
A mandatory warranty or maintenance agreement is a contract that comes with a product and is included in the total selling price. Under a mandatory warranty, your customer does not have the option to purchase the product without the warranty.
Service contracts may include towing, rental and emergency road service? Under a maintenance agreement, the maker of the agreement is obligated to perform regularly scheduled maintenance of property, such as regularly scheduled oil changes for an automobile.
A maintenance agreement is a contract between two parties ? usually a maintenance company and a company or individual ? laying out the terms and conditions for scheduled maintenance services.
A maintenance agreement (contract), sometimes called a service agreement (contract), is an agreement which requires specific performance of repairing, cleaning, altering, or improving tangible personal property on a regular or irregular basis to ensure the product's continued satisfactory operation.
A software maintenance agreement, or SMA, is a legal contract that obligates the software vendor to provide technical support and updates for an existing software product for their customers. It may also extend the expiration date of certain features, such as new releases or upgrades.
Tennessee law imposes the sales tax whether the price of the software maintenance contract is a mandatory or optional charge made by the software dealer when selling or licensing software. The total sales price of the computer software maintenance contract is subject to the 7% state tax rate plus the local tax rate.