Everything You Need to Know About OutSystems Master Subscription Agreement
OutSystems is a leading low-code application development platform. As more and more businesses embrace digital transformation, the demand for OutSystems` services is on the rise. If you`re considering entering into a Master Subscription Agreement (MSA) with OutSystems, it`s important to understand the key terms and provisions to ensure a successful and mutually beneficial partnership.
Understanding OutSystems Master Subscription Agreement
The OutSystems Master Subscription Agreement is a comprehensive contract that outlines the terms and conditions for the purchase and use of OutSystems` platform and services. It covers important aspects such as subscription fees, usage rights, support and maintenance, data protection, and intellectual property rights.
Key Components OutSystems MSA
Here`s a breakdown of the key components you should pay attention to in an OutSystems Master Subscription Agreement:
| Component | Description |
|---|---|
| Subscription Fees | Outlines the pricing structure and payment terms for the subscription. |
| Usage Rights | Specifies the scope of permitted use of OutSystems` platform and services. |
| Support Maintenance | Details the levels of support and maintenance provided by OutSystems. |
| Data Protection | Outlines the data protection and privacy obligations of both parties. |
| Intellectual Property Rights | Defines the ownership and use of intellectual property created or provided under the agreement. |
Case Study: XYZ Company`s Experience OutSystems MSA
XYZ Company, a multinational corporation, recently entered into a Master Subscription Agreement with OutSystems. By carefully reviewing the terms of the agreement and negotiating certain provisions, XYZ Company was able to establish a strong partnership with OutSystems and leverage its platform to drive innovation and efficiency across their business operations.
Entering into a Master Subscription Agreement with OutSystems can be a game-changer for your organization. By understanding the key components and seeking legal counsel to review and negotiate the terms, you can set the stage for a successful partnership and maximize the value of OutSystems` platform and services.
OutSystems Master Subscription Agreement
This Master Subscription Agreement (the “Agreement”) is entered into as of the date of acceptance by the contracting party (“Customer”) and OutSystems (the “Vendor”).
| 1. Definitions |
|---|
| 1.1 “Customer” means the party entering into this Agreement for the subscription services provided by OutSystems. |
| 1.2 “Vendor” means OutSystems, the provider of the subscription services. |
| 1.3 “Subscription Services” means the services provided by OutSystems, including access to the OutSystems platform and related support and maintenance services. |
| 2. Subscription Services |
|---|
| 2.1 Vendor agrees to provide Customer with access to the Subscription Services in accordance with the terms and conditions of this Agreement. |
| 2.2 Customer agrees to pay the fees for the Subscription Services as set forth in the applicable order form. |
| 2.3 Customer may use the Subscription Services solely for its own internal business purposes in accordance with the terms of this Agreement. |
| 3. Term Termination |
|---|
| 3.1 This Agreement shall commence on the Effective Date and shall continue for the initial subscription term specified in the applicable order form. |
| 3.2 Either party may terminate this Agreement upon written notice if the other party materially breaches this Agreement and fails to cure such breach within 30 days of receiving written notice thereof. |
In witness whereof, the parties hereto have caused this Agreement to be executed as of the Effective Date.
Unraveling the OutSystems Master Subscription Agreement: Your Top 10 Legal Questions Answered
| Question | Answer |
|---|---|
| 1. What is the OutSystems Master Subscription Agreement? | The OutSystems Master Subscription Agreement is a legal document that outlines the terms and conditions for the use of OutSystems` platform and services. It governs the relationship between OutSystems and its customers, setting forth the rights, obligations, and responsibilities of each party. |
| 2. Can I transfer my OutSystems Master Subscription Agreement to another party? | Yes, the OutSystems Master Subscription Agreement allows for the transfer of rights and obligations to another legal entity, provided that certain conditions are met and OutSystems gives prior written consent. |
| 3. What are the payment terms under the OutSystems Master Subscription Agreement? | The payment terms specify the fees, billing frequency, and payment methods for the use of OutSystems` platform and services. Customers are required to pay the applicable fees in accordance with the agreed-upon terms. |
| 4. What happens if I breach the OutSystems Master Subscription Agreement? | In the event of a breach, OutSystems has the right to suspend or terminate the customer`s access to the platform and services. It is essential to comply with the terms of the agreement to avoid potential legal consequences. |
| 5. Are there any limitations of liability outlined in the OutSystems Master Subscription Agreement? | Yes, the agreement includes limitations of liability that define the extent of OutSystems` liability for damages. It is crucial to carefully review these provisions to understand the potential risks and limitations involved. |
| 6. How does the OutSystems Master Subscription Agreement address intellectual property rights? | The agreement addresses intellectual property rights by specifying the ownership of content, trademarks, and other intellectual property. It is important to understand these provisions to protect your own intellectual property and respect OutSystems` rights. |
| 7. Can I terminate the OutSystems Master Subscription Agreement before the end of the term? | Yes, the agreement includes provisions for termination, allowing customers to terminate the agreement under certain conditions. It is important to carefully review these provisions to understand the implications of early termination. |
| 8. What warranties are provided under the OutSystems Master Subscription Agreement? | The agreement includes warranties related to the platform`s performance, compliance with laws, and non-infringement of third-party rights. It is essential to understand these warranties to assess the level of assurance provided by OutSystems. |
| 9. Are there any dispute resolution provisions in the OutSystems Master Subscription Agreement? | Yes, the agreement includes provisions for resolving disputes through negotiation, mediation, or arbitration. It is important to be aware of these provisions to understand the dispute resolution process and the available options for resolving conflicts. |
| 10. How can I make amendments to the OutSystems Master Subscription Agreement? | Amendments to the agreement require mutual consent from both parties and must be in writing. It is important to follow the specified procedures for making amendments to ensure that they are valid and enforceable. |