BoardEffect® MASTER TERMS

BoardEffect Master Terms BOARDEFFECT® MASTER TERMS

These Master Terms set out, in each case pursuant to a signed “Order Form” between BoardEffect LLC (“BoardEffect” or “Licensor”) and the entity identified in the Order Form as the “Licensee”: (1) the terms and conditions under which Licensor licenses to, and Licensee subscribes to use the BoardEffect Platform (as defined in this Agreement), and (2) the services to be provided to Licensee in connection with the License pursuant to this Agreement. Any capitalized terms not defined herein shall have the meaning set forth in the Order Form. Together the Order Form and these Master Terms shall be understood to be the “Agreement.” In the event of any conflict between these Master Terms and the Order Form, the Order Form shall control. The Effective Date of the Agreement shall be as specified in the Order Form.

 

In consideration of the promises and mutual covenants set forth herein, Licensor and Licensee hereby agree as follows:

 

  1. DEFINITIONS

1.1 Defined Terms. In addition to other capitalized terms defined throughout this Agreement, the following terms shall have the meanings provided below:

  1. “Content“ shall mean the text and other information that are published on the BoardEffect Platform by Licensee.
  2. “Licensor’s Trademarks” shall mean “BoardEffect” and any future trademarks owned or licensed by Licensor for use in promoting the BoardEffect Platform.
  3. “Server(s)” shall mean the physical machine or machines on which the BoardEffect Platform will be installed.
  4. “BoardEffect Platform“ or “Platform“ shall mean the board portal software as a service offering provided by BoardEffect (including Updates) and described in the related Documentation as updated from time to time.
  5. “Documentation“ shall mean any documentation, specifications or technical information or materials which Licensor either supplies generally in conjunction with the BoardEffect, or supplies specifically in accordance with this Agreement.
  6. “Updates“ shall mean updates and/or enhancements of the BoardEffect Platform as created and/or developed by or for Licensor which are marketed under the same product number and nomenclature or which are marketed as a replacement for the BoardEffect Platform, each as made generally available to BoardEffect’s similarly situated customers.
  7. “Term” shall mean the Initial Term plus any Renewal Terms (each as defined in section 5).

 

  1. GRANT OF RIGHTS

2.1 License. Subject to the terms and conditions set forth in this Agreement, Licensor hereby grants to Licensee, and Licensee hereby accepts from Licensor, a limited, non-exclusive, non-transferable, license to:

  1. access and use the BoardEffect Platform for all legal uses contemplated by this Agreement; and
  2. permit Licensee and end users to access the BoardEffect Platform via the internet and use the BoardEffect Platform, for all legal uses contemplated by this Agreement.

 

2.2 Restrictions on License. The license granted in section 2.1 above shall be limited as follows:

  1. Except as permitted under the Agreement, Licensee shall not copy or reproduce the BoardEffect Platform nor in any way modify, sell, rent, lease, license, sublicense, resell any of its rights, distribute all or any portion of the BoardEffect Platform to any person or entity;
  2. Except for the limited rights set forth in the Agreement, Licensee does not acquire any intellectual property or other rights, express or implied, in or relating to the BoardEffect Platform; and
  3. Licensor reserves title, ownership, and all other rights to the BoardEffect Platform. Licensee shall not reverse engineer, decompile, or otherwise attempt to determine the source code or algorithms of the BoardEffect Platform or otherwise interfere with or disrupt the BoardEffect Platform.

 

2.3 Trademarks. Licensor hereby grants Licensee the non-exclusive right to display and use Licensor’s Trademarks. Licensee shall assure that the use of Licensor’s Trademarks is per Licensor’s express specifications. Licensee agrees that Licensor’s Trademarks shall remain the sole property of Licensor and that Licensee will obtain no proprietary interest by virtue of this Agreement in any of Licensor’s Trademarks. Licensee hereby grant to Licensor for the sole purpose of fulfilling Licensor’s obligations hereunder, the limited right to publish Licensee’s name, logo and/or other marks as part of Licensee’s branding of the Platform, and also to reference Licensee as a user of the Service. Licensor agrees to discontinue such use upon Licensee’s written request.

2.4 Transfer of Agreement. This Agreement may not be transferred without approval by Licensor and Licensee. Approval will not be unreasonably withheld. Notwithstanding the foregoing, either party may transfer the Agreement to an affiliate or in the event of a sale of substantially all of the assets of the party without the other party’s prior written consent (provided that such transfer is not to a competitor of the other party).

2.5 Ownership of Content. The Content residing in the BoardEffect Platform is the property of Licensee.

 

  1. DELIVERY OF PLATFORM AND SERVICES

3.1 Delivery of the BoardEffect Platform and Updates. Licensor shall deliver to Licensee the BoardEffect Platform by means of installing it on a Server operated by Licensor. Licensor may design or develop BoardEffect Platform Updates. Licensor shall deliver to Licensee such BoardEffect Platform Updates by means of installing them on the Server operated by Licensor. Licensor will provide BoardEffect Platform Updates to Licensee during the Term of this Agreement at no additional charge. There may be a charge for labor associated with migrating existing customization during implementation of the Update. This charge will be communicated to Licensee prior to any Update being implemented. Licensor reserves the right to modify the database design and structure with any subsequent Platform release. In the event of such modification, Licensor shall ensure that new versions provide Licensee with full access to all database content created under previous releases.

3.2 Technical Support and Services. Licensor will take reasonable measures to make available technical support services to Licensee as outlined in the BoardEffect License and the BoardEffect Licensee Support and Maintenance Guide located at https://www.boardeffect.com/support-guide.

The staff of Licensee will perform all tasks related to Content management such as editing or deleting Content. All services performed by Licensor will be performed in a workmanlike manner per standard industry standards.

 

  1. CONSIDERATION

4.1 Payment of Fees. Licensee agrees to pay Licensor all fees required by the Order Form, in no event later than thirty (30) days after the date of invoice from Licensor. Licensor expressly reserves the right to change the fees payable under any Order Form with respect to any renewal of such Order Form sixty (60) days prior to the expiration of its then-current Initial Term or Renewal Term. Travel, accommodation and meal expenses incurred in connection with any on-site training or instruction or attendance at board meetings at the request of Licensee are not included in fees. Except in the event of termination of this Agreement by Licensee for cause, in the event of the cancellation, completion, expiration or termination of this Agreement, all monies paid or due or owing to Licensor by Licensee shall be deemed non-refundable. Licensee will pay all fees in U.S. dollars unless otherwise set forth in the applicable Order Form. Payments shall be sent to the address indicated on the invoice.

4.2 Late Fees. Licensor may charge interest on any overdue amounts at the lower of: (a) the highest permissible rate under applicable law, or (b) 1.5% per month from the date on which such amount fell due until the date of payment, whether before or after judgment. Licensee acknowledges that any delay in payment for any Initial Term or Renewal Term may result in termination of the BoardEffect license and/or an interruption in service at BoardEffect’s sole discretion.

4.3 Taxes. The fees hereunder do not include any sales, use, excise, import or export, value-added (“VAT”), goods and services (“GST”), or similar tax or interest, or any costs associated with the collection or withholding thereof, or any government permit fees, license fees or customs or similar fees (“Taxes”) levied on the delivery of any software or the performance of services by BoardEffect to Licensee. Licensee will be responsible for payment of such Taxes at point of sale. In the event that any withholding taxes are payable under any applicable law in respect of any payment due to BoardEffect under this Agreement, Licensee shall gross up such payment such that the balance payable to BoardEffect after deduction of the applicable withholding taxes shall be equivalent to the original amount due to BoardEffect.  In the event any avoidance of double taxation treaty is applicable to such payments, BoardEffect and Licensee shall cooperate to obtain the full benefit of such treaty.

 

  1. TERM AND TERMINATION

5.1 Term. This Agreement shall become effective on and as of the Effective Date and shall continue for a period of one (1) year (or such other period expressly stated in the Order Form) (the “Initial Term”) thereafter. Upon expiration of the initial term, the Agreement shall automatically renew for subsequent one-year periods (the “Renewal Term”) unless either party gives the other party written notice of non-renewal at least sixty (60) days prior to expiration of the Renewal Term.

5.2 Termination with Cause. In the event of an uncured material breach of this Agreement by either party, the non-breaching party may terminate this Agreement by sending the breaching party written notice of the nature of such breach and by providing the breaching party an opportunity to cure such breach within thirty (30) days. Non-payment of either access or consulting fees shall be considered a material breach. If the material breach is not cured within thirty (30) days of written notification, this Agreement will be automatically terminated.

5.3 Effect of Termination. Upon termination of this Agreement, all of the licenses granted to Licensee shall immediately terminate. Each party shall return to the other party any and all information received from the other party pursuant to this Agreement that has been marked “Confidential.” Licensee has the ability to export data in a .csv format from the BoardEffect Platform during the Term. Licensor will present Content in the Resources area of the tool as a .zip file to the Licensee. Licensor will terminate Licensee’s access to the BoardEffect Platform within 90 days of the termination of this Agreement.

5.4 Effect of Breach. No breach by Licensee shall relieve it of its obligation to pay the fees in accordance with section 4.1 hereof. The remedies set forth in this Agreement are cumulative and not exclusive. Each party shall be entitled to pursue, in connection with any breach, such remedies as are provided by law or equity in connection with such breach.

 

  1. NOTICES

Any notice or other communication to be given hereunder shall be in writing and shall be: (i) personally delivered; (ii) transmitted by postage prepaid registered or certified airmail, return receipt requested; (iii) deposited prepaid with a nationally recognized overnight courier service; or (iv) by facsimile or e-mail, the receipt of which is confirmed in writing. Unless otherwise provided herein, all notices shall be deemed to have been duly given on: (a) the date of receipt (or if delivery is refused, the date of such refusal) if delivered personally or by courier; or (b) upon voice confirmation of receipt of facsimile or e-mail. Either party may change its address for purposes hereof on not less than three (3) days prior notice to the other party. Notice hereunder shall be directed to the following addresses:

Licensor

BoardEffect LLC

161 Leverington Avenue Suite 1001

Philadelphia, PA 19127 USA t. 215.508.4920

toll free 866.672.2666

  1. 215.508.4590

contracts@boardeffect.com

Licensee

To the contact identified on the Order Form.

 

  1. LIMITED WARRANTY

Disclaimer of Warranty. BOARDEFFECT warrants that the Service will perform in substantial accordance with the Documentation during the Term. EXCEPT AS EXPRESSLY AND SPECIFICALLY PROVIDED IN THIS AGREEMENT: (A) THE OFFERINGS ARE PROVIDED “AS IS” AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, BOARDEFFECT AND ITS LICENSORS AND SUPPLIERS DISCLAIM ALL OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE; (B) NEITHER BOARDEFFECT NOR ITS LICENSORS WARRANT THAT THE FUNCTIONS OR INFORMATION CONTAINED IN THE SOFTWARE OR SERVICE WILL MEET ANY REQUIREMENTS OR NEEDS LICENSEE MAY HAVE, OR THAT THE SOFTWARE WILL OPERATE ERROR FREE OR WITHOUT INTERRUPTION, OR THAT ANY DEFECTS OR ERRORS IN THE SOFTWARE WILL BE CORRECTED, OR THAT THE SOFTWARE OR SERVICE IS COMPATIBLE WITH ANY PARTICULAR COMPUTER SYSTEM OR SOFTWARE; AND (C) BOARDEFFECT AND ITS LICENSORS MAKE NO GUARANTEE OF ACCESS TO OR OF ACCURACY OF THE CONTENT CONTAINED IN OR ACCESSED THROUGH THE OFFERINGS.

 

  1. CONFIDENTIAL INFORMATION

8.1 Protection of Confidential Information. Each party will refrain from using the other party’s Confidential Information except as contemplated herein, and from disclosing such Confidential Information to any third party except to their employees and third parties who participate directly in the performance of the receiving party’s obligations hereunder, have a need to know the Confidential Information, and who are bound by duties of confidentiality no less stringent than those set out herein. Each party shall protect and safeguard the Confidential Information of the other party using at least the same degree of care such party uses to protect its own confidential information of like importance, but in any event no less than reasonable care.

8.2 Confidential Information Defined. For purposes of this Agreement, “Confidential Information” means any information and data which is, or should be reasonably understood to be, confidential or proprietary to the disclosing party, which may include, without limitation, proprietary technical, financial, personnel, marketing, pricing, sales and/or commercial information with respect to the products and services of the parties, as well as ideas, concepts, designs, computer programs (including source code and object code) and inventions and all record bearing media containing or disclosing such Confidential Information which are disclosed pursuant to this Agreement. Confidential Information does not include information (a) already rightfully known to the receiving party without restriction or that has been independently developed by the receiving party without the use of any proprietary information, (b) disclosed in published materials through no violation of this Agreement, (c) generally known to the public without restriction through no fault of the receiving party, or (d) obtained without restriction from any third party rightfully empowered to disclose such information. A party also may disclose the other party’s Confidential Information where such disclosure is required by law, provided that the party making such disclosure shall only provide such information after providing to the disclosing Party, to the extent permitted by law, prompt notification of such request for disclosure for the purpose of challenging such request.

 

  1. INDEMNIFICATION AND LIABILITY PROVISIONS

9.1 Indemnification. Licensor will defend at its expense any action brought against Licensee to the extent it is based on a claim that the BoardEffect Platform, Documentation or any part thereof, when used within the scope of this Agreement and as provided by Licensor hereunder, infringes a patent, copyright or other proprietary right of a third party, and Licensor will pay any settlements, expenses, costs, and damages finally awarded, including attorney’s fees incurred by Licensee, in such action and which are attributable to such claim; provided that Licensee notifies Licensor promptly in writing of any claim or potential claim, gives Licensor the exclusive control of the defense and settlement thereof, and provides all reasonable assistance in connection therewith.

In the event use of the Platform becomes, or in Licensor’s reasonable opinion is likely to become, the subject of a claim of infringement of a patent, copyright or other proprietary right, it is Licensor’s option to remedy the situation by (i) procuring the continuing right to use the Platform, or (ii) replacing or modifying the Platform so that it no longer infringes, or (iii) terminating this Agreement.

Licensor has no responsibility for the Content posted on Licensee’s hosted BoardEffect Platform. Licensee will indemnify and hold harmless Licensor for any third party claims or legal actions brought against Licensor as a direct result any such Content, and will hold Licensor harmless from any damages, liabilities, or other costs, including reasonable attorney fees and court costs, in an amount not to exceed the amount of fees actually paid by Licensee during the Initial Term or the Renewal Term in which Content in question was posted on the Licensee’s hosted BoardEffect Platform. Licensee will promptly notify Licensor of any claims by a third party with respect to Content and Licensor and Licensee will cooperate at their respective expense in any defense of such claims. This section 9.1 states Licensor’s entire liability and Licensee’s sole and exclusive remedy for claims of infringement.

9.2 Limitation on Liability. EXCEPT AS EXPRESSLY STATED IN THIS SECTION 9.2, LICENSOR, ITS SUPPLIERS, AGENTS, AND ASSIGNEES SHALL NOT BE LIABLE TO LICENSEE OR ITS AGENT OR ASSIGNEES FOR ANY INDIRECT, PUNITIVE, EXEMPLARY, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF GOODWILL, WORK STOPPAGE, COMPUTER FAILURE OR MALFUNCTION, EVEN IF LICENSOR HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES, OR FOR ANY CLAIM BY ANY OTHER PARTY. LICENSOR, ITS SUPPLIERS, AGENTS, AND ASSIGNEES SHALL NOT BE LIABLE TO LICENSEE OR ITS AGENT OR ASSIGNEES FOR ANY DAMAGES IN EXCESS OF TWELVE MONTHS’ FEES (ACTUALLY PAID BY LICENSEE. THE LIMITATION OF LIABILITY SET OUT IN THIS SECTION 9.2 SHALL NOT APPLY TO LIABILITY FOR DEATH OR PERSONAL INJURY TO THE EXTENT APPLICABLE LAW PROHIBITS SUCH LIMITATION. FURTHERMORE, SOME STATES AND JURISDICTIONS DO NOT ALLOW THE LIMITATION OF LIABILITY FOR CERTAIN KINDS OF DAMAGES SO CERTAIN LIMITATIONS MAY NOT APPLY TO LICENSEE.

 

  1. GENERAL PROVISIONS

10.1 Remedies. Except where otherwise specified, the rights and remedies granted to a party under this Agreement are cumulative and in addition to, and not in lieu of, any other rights or remedies which the party may possess at law or in equity.

10.2 Applicable Law. This Agreement shall be interpreted, construed and enforced in all respects in accordance with the laws of the state of Delaware, USA, without regard to conflicts of laws provisions thereof. The parties further agree that the Uniform Computer Information Transactions Act (UCITA) (as is either adopted or may be adopted in the State of Delaware or any other jurisdiction) and the United Nations Convention on Contracts for the International Sale of Goods do not apply to this Agreement. The parties agree to waive, to the maximum extent permitted by law, any right to a jury trial with regard to any dispute arising out of this Agreement.

10.3 Further Assurances. Either party shall take such action (including, but not limited to, the execution, acknowledgment and delivery of documents) as may reasonably be requested by the other party for the implementation or continuing performance of this Agreement.

10.4 Construction. In the event that any provision of this Agreement conflicts with the law under which this Agreement is to be construed or if any provision is held invalid by a court with jurisdiction over the parties to this Agreement, such provision shall be deemed to be restated to reflect as nearly as possible the original intentions of the parties in accordance with applicable law, and the remainder of this Agreement shall remain in full force and effect.

10.5 No Waiver. The failure of either party to insist upon or enforce strict performance by the other party of any provision of this Agreement or to exercise any right under this Agreement shall not be construed as a waiver or relinquishment to any extent of such party’s right to assert or rely upon any such provision or right in that or any other instance; rather, the same shall be and remain in full force and effect.

10.6 Amendment. No change, amendment or modification of any provision of this Agreement shall be valid unless set forth in a written instrument signed by both parties.

10.7 Entire Agreement. This Agreement, including its exhibits and attachments, represents the entire Agreement of the parties with respect to the subject matter hereof and supersedes all prior and/or contemporaneous Agreements and understandings, written or oral, between the parties with respect to the subject matter hereof. The terms and conditions of any present or future purchase order or invoice submitted by Licensor or Licensee that conflict with or in any way purport to amend or add to any other terms and conditions of this Agreement or any exhibit hereto shall be of no force or effect nor shall it govern in any way the subject matter hereof, unless the same is expressly agreed to in writing and is executed by authorized representatives of Licensor and Licensee.

10.8 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same document, and may be delivered to the other party by facsimile transmission of the signature pages hereto.

10.9 Independent Contractors. The parties to this Agreement are independent contractors. Neither party is an agent, representative or partner of the other party. Neither party shall have any right, power or authority to enter into any Agreement for or on behalf of, or incur any obligation or liability of, or to otherwise bind, the other party. This Agreement shall not be interpreted or construed to create an association, agency, joint venture or partnership between the parties or to impose any liability attributable to such a relationship upon either of the parties.

10.10 Survival. The following provisions of this Agreement shall survive the expiration or termination of this Agreement: 1, 2, 7, 8, 9, 10.2, and 10.3.

10.11 Force Majeure. Except with regard to payment obligations, neither Party will be responsible for any failure to fulfill its obligations due to causes beyond its reasonable control, including without limitation, acts or omissions of government or military authority, acts of God, materials shortages, network, and/or computer failure, transportation delays, fires, floods, labor disturbances, riots, wars, terrorist acts or inability to obtain any export or import license or other approval or authorization of any government authority.

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