Future Products
Overview of this form
The Future Products rider is a legal document that serves as an addendum to a software or services master agreement order form. This rider is designed specifically to outline the vendor's agreement to provide certain products to the customer. Unlike other agreements, this form explicitly details the available products and imposes penalties on the vendor for any failure to deliver on the agreed dates, providing a clear framework for recourse for the customer.
Main sections of this form
- Rider title specifying it as an addition to the software/services master agreement.
- Specifications of the products being offered, including descriptions and availability dates.
- Penalties defined for the vendor's failure to deliver the products on time.
- Signatures and printed names of the vendor and customer representatives.
- Dates indicating when the agreement was signed.
When to use this document
This form should be used when a vendor agrees to provide specific products along with their software or services, and there is a need to hold this vendor accountable for timely delivery. It's particularly useful in situations where delays could impact business operations or project timelines, making it essential for customers wanting to secure their interests in the event of non-performance by the vendor.
Intended users of this form
This form is intended for:
- Businesses that are entering into agreements with software or service providers.
- Vendors looking to formalize their commitment to deliver future products.
- Legal professionals assisting clients in drafting or reviewing software agreements.
- Project managers requiring clear terms regarding deliverables in vendor contracts.
How to complete this form
- Identify and list the products being offered by the vendor in the designated section.
- Specify the expected availability dates for each product.
- Enter the monthly penalty amount for each product that is not delivered on time.
- Indicate the maximum total penalty for each product.
- Ensure all parties sign and print their names, along with indicating their titles and the date of signing.
Is notarization required?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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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.
Common mistakes to avoid
- Failing to specify all products and their respective availability dates.
- Not clearly defining the penalties for late delivery.
- Leaving sections incomplete, especially signatures and dates.
- Using vague descriptions that could lead to disputes over what is included.
Benefits of completing this form online
- Convenience of downloading and editing the form from any location.
- Quick accessibility to legally vetted templates drafted by licensed attorneys.
- Ability to easily customize details to suit specific agreements and requirements.
- Time-saving, as you can complete, sign, and store the document electronically.
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