Contracts

AI Summary

This SaaS Master Subscription Agreement grants the subscriber a non-exclusive, non-transferable licence to access the software platform. The agreement contains several high-risk clauses including a unilateral termination right for the vendor with only 7 days notice, automatic renewal with a 90-day cancellation window, and uncapped data processing liability for the customer. The vendor retains broad rights to modify pricing with 30 days notice. Governing law is Delaware with mandatory arbitration.

Type: SaaS Subscription Agreement

Key Terms

Contract Term

12 months, auto-renewing annually

Monthly Fee

$4,200 USD (locked for Year 1)

Payment Terms

Net 30, late fee 1.5% per month

Governing Law

State of Delaware, USA

Dispute Resolution

Binding arbitration (JAMS)

Notice Period

90 days prior to renewal date to cancel

Parties & Dates