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? |
Does the agreement renew automatically ("yes" or "no")? |
How much notice must the client give to cancel the renewal? |
What is the name of the product which is being sold? |
Is the product a software? |
What is the description of the product which is being sold? |
What is the contract term? |
How frequently will invoices be sent to the customer ("annually", "quarterly", "monthly")? |
How much time does the customer have to pay the invoices? |
What is the governing law of the agreement? |
What is the jurisdiction of the agreement? |
What is the total liability for the supplier? |
When will the supplier indemnify the customer? |
Is any of the supplier's intelectual property "granted", "assigned" or "transferred" to Customer? |
Does the agreement contain a force majeure clause ("yes" or "no")? |
What are the details of the force majeure clause? |
Does the supplier have any publicity rights ("yes" or "no")? |
What are the publicity rights of the agreement? |
Do any restrictions apply to the customer ("yes" or "no")? |
What are the restrictions which apply to the customer? |
How many user licences has the Customer licensed from the supplier? |
Is the Customer's usage limited by the agreement ("yes" or "no")? |
Does the supplier provider professional services to the customer ("yes" or "no")? |
What are the professional services provided to the customer? |
Are there any warranties in the agreement? |
What are the details of the warranties |
Does the supplier offer a service level agreement ("yes" or "no")? |
What are the details of the service level agreement offered by the supplier? |
Does the supplier have a written security policy ("yes" or "no")? |
What is the written security policy of the supplier? |
If applicable, what is the agreement date? |
What is the commencement date? |
What is the term of the engagement? |
Can the agreement be terminated ("yes" or "no")? |
How can the agreement be terminated? |
What is the termination notice? |
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? |
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? |