Release - Ontology - MSA 3.2

Our Master Service Agreement Ontology is being updated to version 3.2. Check below for details. 

 

Updated Entities:

Indemnity

  • Third Party
  • Third Party Claim
  • Conditions
  • Indemnity Type

Insurance

  • Notice
  • Notice Required

 

New Provisions:

Assignment
  • Change of Control Equals Assignment
  • Exceptions
  • Null And Void
Audit Rights
  • Expense Responsibility
  • Audit Frequency
  • Audit Scope
Confidential Information
  • Confidential Period
  • Confidential Period Years
  • Exceptions
  • Disclosure Required By Law
  • Disclosure Notice Required
  • Restrictions of Use
  • Return of Information
Description of Performance
  • Product
  • Services
Force Majeure
  • Force Majeure Exceptions
  • Occurrences
Governing Law
  • Venue
Indemnity
  • Direct Claims
  • All Claims
  • Duty To Defend
  • Indemnity Exceptions
  • All Losses
  • Mutual Indemnities
  • Breach of Confidentiality
  • Intellectual Property Infringement
  • Unlawful Data Processing
  • Cooperate With Defense
  • Right To Control Of Defense
Intellectual Property
  • Derivative Works
  • Pre-Existing Intellectual Property License Granted
  • Work Made For Hire
Limitations of Liability
  • Loss Of Business And Profits
  • Direct Damages Cap Amount
Non-Competition
  • No Restriction
  • Restrictions
Non-Solicitation
  • Exception
  • Time Period
Payment Terms
  • Benchmarking
  • Favored Nations
  • Schedule Days
  • Invoicing Procedures
  • Dispute Timeline
  • Dispute Waiver
Relationship Of Parties
  • Independent Contractor
Remedies
  • Exclusive
  • Injunctive Relief
Representations And Warranties
  • Comply With Applicable Laws
  • Insurance
  • Intellectual Property
  • Organizational Good Standing
  • Services Performed Professional Manner
  • Taxes
  • Title To Properties
Subcontracting
  • Original Party Remains Bound
Information Security
  • Consumer Data
Term
  • Automatic Renewal Duration
  • Evergreen Automatic Renewal
  • Termination Notice Required
  • Termination Notice Period
  • Perpetual
Termination
  • Surviving Duties And Obligations
  • Opportunity To Cure
  • Cure Period

 

If you have any questions, please submit a ticket or contact us at Support@thoughttrace.com. Additional training can also be found at ThoughtTrace Academy.

 

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