Vault will aim to extract company and signatory information as well as the following generic tags when presented with a supplier agreement:
What is the commencement date? |
What is the end date? |
Can the agreement be terminated ("yes" or "no")? |
How can the agreement be terminated? |
What is the value of this contract? |
Are there consequences for breaching the contract ("yes" or "no")? |
What are the consequences for breaching the contract? |
Does the supplier provide artificial intelligence services to the client? |
Does the supplier use artificial intelligence to deliver its services to the client? |
Is the supplier allowed to use the client's data for the purposes of training its artificial intelligence models? |
Where is the client's data stored? |
Is the Supplier making any representations ("yes" or "no")? |
What are the scope of services? |
What is the Business Continuity Plan? |
Within what timeframe will the Supplier restore services following any disruptions in accordance with the Business Continuity Plan? |
How often is the Business Continuity Plan tested? |
What laws must the parties comply to in this Agreement? |
What record keeping and reporting obligations does the Supplier have? |
Who owns the Intellectual Property Rights for the Created IPR? |
Who owns the Intellectual Property Rights for the Background IPR? |
What is the Statement of Work (SOW) process? |
What is the Service Level? |
How can a change to the Scope of Services be requested? |
What is the pricing schedule? |
Can the Supplier pass on additional expenses? |
Is the price inclusive of VAT? |
What will the Supplier indemnify the Customer against? |
Do indemnifications from TUPE/ARD apply? |
What happens in the event the Customers use of Services/Deliverables infringe with IPR's? |
Can confidential information be disclosed to the Receiving Parties Representatives? |
What is the limit of liability in the event of a breach of confidentiality? |
What is the limit of liability with regards to indemnification? |
What is the limit of liability with regards to Data Protection? |
Is there any liability for consequential loss or damage? |
What is the Customer's total aggregate liability to the Supplier? |
What is the Supplier's total aggregate liability to the Customer? |
What insurance level is the Supplier required to maintain? |
What are the parties rights with regards to Force Majeure? |
What is the Term of the Agreement? |
Can the Agreement be terminated without cause? |
Can a SOW be terminated without cause? |
Can the Agreement be terminated with cause by the Customer? |
Can the Agreement be terminated with cause by the Supplier? |
Do cross termination rights apply? |
Are any fees refundable on the event of termination? |
What happens once a written request for termination has been submitted by the Customer? |
Can the Supplier subcontract any of its services? |
What are the audit rights? |
Who bears the cost of the audit? |
How can a notice be given under this Agreement? |
What is the governing law? |
In the event of a conflict which agreement is followed? |
What is the dispute resolution procedure? |
To suggest additional tags, use Vault's custom tag functionality or get in touch with our team at [email protected]