Support Agreement between 724 Solutions, Inc., 724 Solutions International, SRL and Citicorp Strategic Technology Corp regarding license arrangements
Understanding this form
The Support Agreement between 724 Solutions, Inc., 724 Solutions International, SRL and Citicorp Strategic Technology Corporation outlines the terms of support related to license arrangements for technology. This form serves to document the commitments and representations of the involved parties, ensuring mutual understanding and legal protection. It is distinct from other contracts due to its specific focus on the support and indemnity obligations of the licensors in a technology license arrangement.
What’s included in this form
- Background information regarding the parties and technology involved.
- Representations and warranties made by 724 Solutions and 724 SRL to Citicorp.
- Obligations guaranteeing the performance of the Licensor under the Master Agreement.
- Indemnity provisions protecting Citicorp from losses due to the Licensor's actions.
- Corporate authority assertions from 724 Solutions and 724 SRL confirming their capability to enter the agreement.
- General terms outlining assignment of rights and jurisdiction for disputes.
When to use this document
This Support Agreement is applicable when a company requires documented support obligations related to technology licenses. It should be used when entering into agreements with technology partners to ensure clear expectations and obligations, especially when substantial investments are at risk or when performance guarantees are needed.
Who this form is for
- Businesses involved in technology licensing agreements.
- Companies seeking to formalize support obligations with partners.
- Legal professionals drafting agreements for clients in the technology sector.
- Corporations wanting to protect against potential losses from licensing agreements.
Steps to complete this form
- Identify the parties involved, including their full legal names and jurisdictions.
- Outline the background and purpose of the agreement clearly at the beginning.
- Specify the representations and warranties made by 724 Solutions and 724 SRL.
- Detail the obligations and indemnity clauses, ensuring clarity in the terms.
- Confirm corporate authority by including the necessary signatures of authorized representatives.
Notarization guidance
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define the technology and scope of the license arrangements.
- Omitting signatures from all required parties, which may invalidate the agreement.
- Not aligning the agreement with the corresponding Master Agreement, leading to inconsistencies.
- Inadequately specifying the obligations and warranties, leaving room for misinterpretation.
Benefits of completing this form online
- Convenient access to legally-vetted templates that save time and reduce errors.
- Editability allows users to customize the agreement to fit specific situations.
- Reliability as the forms are drafted by licensed attorneys who specialize in legal agreements.
Legal use & context
- This Support Agreement establishes legally binding commitments among the parties.
- Failure to comply with the obligations laid out can lead to legal liabilities.
- The agreement's enforceability is subject to the laws of Ontario, affecting its application in different jurisdictions.
Main things to remember
- The Support Agreement is crucial for documenting mutual obligations in technology licensing.
- Understanding the key components can help prevent legal disputes.
- Complete the form accurately to ensure all parties are protected legally.
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FAQ
A DEPARTMENT OF DEFENSE (DOD) INSTRUCTION is a DoD issuance that implements the policy, or prescribes the manner or a specific plan or action for carrying out the policy, operating a program or activity, and assigning responsibilities.
Reimbursable obligations are obligations financed by offsetting collections credited to an expenditure account in payment for goods and services provided by that account. The collection must be authorized by law to credit the specific appropriation or fund account.
D) Interagency Agreement (IAA): A written agreement entered into between two Federal agencies, or major organizational units within an agency, which specifies the goods to be Page 4 DEPARTMENT OF THE TREASURY INTERAGENCY AGREEMENT GUIDE 4 furnished or tasks to be accomplished by one agency (the servicing agency) in
To view DOD Forms, Directives, and Instructions, visit the following link: https://www.esd.whs.mil/DD/. From this main page, click on the DOD Forms or DOD Issuances drop-down menus in the toolbar to search for a specific form, directive or instruction by issuance number or subject matter.
Definition. Authorization to incur obligations in accomplishing reimbursable work if a budgetary resource (a reimbursable agreement from a Federal customer or an advance from a non-Federal customer) is available.
An interagency agreement is required for an interagency assisted acquisition and an interagency transaction. The interagency agreement is very similar to an indefinite- delivery/indefinite-quantity contract vehicle, except it is between two agencies one is the requesting agency and the other is the servicing agency.
What is a Reimbursable Agreement? It is a agreement that ensures the cost recovery of goods and/or services provided by an entity.
The support agreement is used to document the determinations required by the Economy Act and to provide DTIC the documentation necessary to request reimbursable authority from the DoD Comptroller. It is a written estimate of the work to be accomplished and the provisions for paying for the work.
Reimbursable Order: This refers to a situation in which the servicing (receiving) agency accepts funds provided by the MIPR into its own DoD appropriation or business operations fund.
