This Subscription Agreement (the “Agreement”), effective as of the date set forth above (the “Effective Date”), is by and between Rental Guard, Inc., a Tennessee corporation with offices located at 3433 Forest Park Rd, Springfield TN 37172 (“Rental Guard ”) and the party identified above, having the state of organization, entity type and office address identified above (“Customer ”). WHEREAS, Rental Guard provides access to its software-as-a-service offerings to its customers; and WHEREAS, Customer desires to access certain software-as-a-service offerings described herein, and Rental Guard desires to provide Customer access to such offerings, subject to the terms and conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Definitions
Rental Guard: Refers to the SaaS platform developed and provided by the Provider, which offers property monitoring services.
Water Damage: Refers to any damage caused by water, including but not limited to leaks, floods, or water-related incidents.
Hardware and Software Failure: Refers to any malfunction, defect, or failure of the hardware or software components of the Rental Guard platform.
Access Credentials means any user name, identification number, password, license or security key, security token, PIN, or other security code, method, technology, or device used, alone or in combination, to verify an individual’s identity and authorization to access and use the Services.
Affiliate means, with respect to a party, any entity that, directly or indirectly, controls, is controlled by, or is under common control with such party, or one or more of the other Affiliates of that party (or a combination thereof). For purposes of this definition, “
“Control” or “Controlling” means the direct or indirect possession of the power to direct or to cause the direction of the management, operations, and policies of the entity whether by majority ownership, contract, the ability to appoint a majority of directors, or otherwise.
“Customer Data” means any of Customer’s information, documents, or electronic files that are provided by or otherwise received from Customer or a User by or through the Services hereunder, including but not limited to all digital media and electronic files and related documentation and accessible via the Software. For the avoidance of doubt, Customer Data does not include Resultant Data or any other information reflecting the access or use of the Software by or on behalf of Customer or any User.
“Customer Systems” means the Customer’s information technology infrastructure, including computers, software, hardware, databases, electronic systems (including database management systems), and networks, whether operated directly by Customer or through the use of third party services.
“Data Processing Terms” means Rental Guard’s additional data processing terms, which are incorporated herein by reference.
“Documentation” means user manuals, instructions, or functional specifications that describe the functionality of the Software and that are provided to Customer by Rental Guard in any form or medium, and any updates of the foregoing.
“Error” means any reproducible material failure of the Software to function in accordance with its Documentation.
“Intellectual Property” means any and all registered and unregistered rights granted, applied for, or otherwise now or hereafter in existence under or related to any patent, copyright, trademark, trade secret, database protection, or other intellectual property rights laws, and all similar or equivalent rights or forms of protection, in any part of the world.
“Personal Information” means any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person.
“Provider Personnel” means all individuals involved in the performance of Services as employees, agents, or independent contractors of Rental Guard or any Subcontractor.
“Representatives” means, with respect to a party, that party’s and its Affiliates’ employees, officers, directors, consultants, agents, independent contractors, service providers, sublicensees, subcontractors, and legal advisors.
“Resultant Data” means (a) data and information related to Customer’s and any User’s use of the Software that is used by Rental Guard in an aggregate and anonymized manner, including to compile statistical and performance information related to the provision and operation of the Software, and (b) de-identified Customer Data.
“Software” means Rental Guard’s proprietary cloud-hosted software system, known as the Vision platform, that allows Customer to manage Users and to capture and organize Customer Data, each provided as a hosted service hereunder, including any associated mobile applications and any modifications, corrections, enhancements or Updates relating thereto that may be provided hereunder or thereunder, and any derivative works of the foregoing.
“Service Period Date” means the month during which the first invoice will be sent by Rental Guard to Customer.
“Services” means the implementation, support, training, and any other service provided by Rental Guard hereunder, including the hosting, management and operation of the Software for remote electronic access and use by the Customer and its Users.
“Support” means the support services described in Section 2
“Third-Party Materials” means any content, product, tool, Service or software supplied or licensed to Rental Guard by third parties and made available as part of the Software or Services.
“Update” means any patch, bug fix, release, version, modification, or successor to the Software.
“User” means a named employee, consultant, contractor, or agent whom Customer has authorized to access and use the Software on Customer’s behalf under this Agreement, regardless of whether or not the User actually uses the Software and for whom access to the Software has been purchased under this Agreement. The total number of Users is indicated on the Work Order, which is incorporated herein by reference.
“Rental Guard Materials” means the Software, Services, Documentation, and all other information, data, documents, all devices, documents, data, know-how, methods, processes, hardware, software, and other technologies and inventions, including any deliverables, technical or functional descriptions, requirements, plans, or reports, that are provided or used by Rental Guard or any Subcontractor in connection with the Software, Services or otherwise comprise or relate to the Software or Services. For the avoidance of doubt, Rental Guard Materials include Resultant Data and any information, data, or other content derived from Rental Guard’s monitoring of Customer’s and User’s access to or use of the Services, but do not include Customer Data.
Service
License Grant. During the Term and subject to the use restrictions set forth in Section 2(c) below, Rental Guard hereby grants to Customer a non- exclusive, non-transferable (except in compliance with Section 9(f)), non-sublicensable right and license to (i) access and use the Software in object code form for its internal business purposes solely in accordance with the Documentation and the terms and conditions herein, and solely for use by Users; and (ii) use the Documentation solely for Customer’s internal business purposes in connection with its use of the Services. All rights in and to the Software not expressly granted herein are reserved to Rental Guard. Rental Guard shall provide to Customer the Access Credentials as of the Effective Date. The total number of Users will not exceed the number set forth in the Work Order, except as expressly agreed to in writing by the parties and subject to any appropriate adjustment of the fees payable hereunder.
Additional Services. To the extent Rental Guard agrees to provide Services not specified herein or pursuant to a separate written service change form, Customer shall pay Rental Guard its then current fees, plus expenses, for such Services. For clarification, Rental Guard does not have an obligation to provide any Service or make any change to the scope of Services except as agreed in writing by Rental Guard. Rental Guard reserves the right, in its sole discretion, to make any changes to the Software, the Services, and Rental Guard Materials that it deems necessary or useful to: (a) maintain or enhance (i) the quality or delivery of Rental Guard’s services to its customers, (ii) the competitive strength of or market for Rental Guard’s services, or (iii) the Software’s or the Services’ cost efficiency or performance; or (b) to comply with applicable law.
Use Restrictions. Except as this Agreement expressly permits, Customer shall not, directly, indirectly, alone, or with another party, and shall not permit another party to:
copy, modify, or create derivative works or improvements of the Software, Services, Third-Party Materials, or Rental Guard Materials;
rent, lease, lend, sell, sublicense, assign, distribute, publish, transfer, or otherwise make available the Software, any Services, Third- Party Materials, or Rental Guard Materials to any another party, including on or in connection with the internet or any time-sharing, service bureau, software as a service, cloud, or other technology or service;
reverse engineer, disassemble, decompile, decode, adapt, or otherwise attempt to derive or gain access to the source code of the Software, Third-Party Materials, or Rental Guard Materials, in whole or in part;
bypass or breach any security device or protection used by the Software, Third-Party Materials, or Rental Guard Materials, or access or use the Software, Rental Guard Materials, or Third-Party Materials other than by a User through the use of his or her own then valid Access Credentials;
input, upload, transmit, or otherwise provide to or through the Software, Services, Third-Party Materials, or Rental Guard Materials, any information or materials that are unlawful or injurious, or contain, transmit, or activate any virus, bug, Trojan horse, worm, backdoor, or other harmful or malicious computer code and any time bomb or drop dead device;
damage, destroy, disrupt, disable, impair, interfere with, or otherwise impede or harm in any manner the Services, Software, Third- Party Materials, or Rental Guard’s provision of services to any third party, in whole or in part;
remove, delete, alter, or obscure any trademarks, Documentation, warranties, or disclaimers, or any copyright, trademark, patent, or other intellectual property or proprietary rights notices from any Services, Third-Party Materials, or Rental Guard Materials, including any copy thereof;
access or use the Software, Services, Third-Party Materials, or Rental Guard Materials in any manner or for any purpose that infringes, misappropriates, or otherwise violates any Intellectual Property right or other right of any third party, including without limitation invasion of privacy, or that violates any applicable law;
use the Software, Services, Third-Party Materials, or Rental Guard Materials in connection with any illegal or unlawful activity or in a manner that causes, results in, encourages, solicits, or publicizes a crime or illegal or unlawful activity;
access or use the Software, Third-Party Materials, or Rental Guard Materials for purposes of competitive analysis of the Software, Third- Party Materials, or Rental Guard Materials, the development, provision, or use of a competing software service or product or any other purpose that is to Rental Guard’s detriment or commercial disadvantage; and
otherwise access or use the Software, Third-Party Materials, or Rental Guard Materials beyond the scope of the authorization granted under this Section 2.If Customer becomes aware of any actual or threatened activity prohibited by this Section 2(c), Customer shall, and shall cause its Users to, immediately: (a) take all reasonable and lawful measures within their respective control that are necessary to stop the activity or threatened activity and to mitigate its effects (including, where applicable, by discontinuing and preventing any unauthorized access to the Software, Third-Party Materials, and Rental Guard Materials and permanently erasing from their systems and destroying any data to which any of them have gained unauthorized access); and (b) notify Rental Guard of any such actual or threatened activity.
Ownership of Customer Data. Customer owns all right, title and interest in the Customer Data. Customer hereby irrevocably grants all such rights and permissions in or relating to Customer Data as are necessary or useful to Rental Guard, its Subcontractors, its Representatives, and the Provider Personnel to enforce this Agreement and exercise Rental Guard, its Subcontractors, and the Provider Personnel’s rights and perform Rental Guard, its Subcontractors, and the Provider Personnel’s obligations hereunder. For the avoidance of doubt, Provider Personnel that assist with obligations under this Agreement may access Customer Data. Rental Guard may de-identify any Customer Data, including, without limitation, photos, videos, and digital content, and such de- identification of persons, businesses, and other information therein results in de-identified data for data benchmarking, sharing, warehousing, resource utilization, similar data analysis services and the sharing of any such de-identified data by Rental Guard. Any and all such de-identified data shall be owned by Rental Guard. In furtherance of the foregoing, Customer hereby unconditionally and irrevocably grants to Rental Guard an assignment of all right, title, and interest in and to the Resultant Data, including all Intellectual Property rights relating thereto. Notwithstanding anything to the contrary in this Agreement, Customer acknowledges and agrees that Rental Guard has the right to use the Resultant Data for any purpose according to Rental Guard’s sole discretion. In the event Customer desires to permit Users located in the European Union to use the Services, which may include without limitation sending, transmitting, uploading and/or storing Customer Data, (i) Customer shall expressly notify Rental Guard that it desires to permit Users located in the European Union to use the Services; and (ii) the Parties expressly agree that the terms of Rental Guard’s Data Processing Terms, shall apply for such Customer Data originating from Users located in the European Union that is transmitted, uploaded, or stored effective on or after May 25, 2018, solely to the extent Customer has complied with its notification obligations set forth in subsection (i) above.
Rental Guard Materials. All right, title, and interest in and to the Rental Guard Materials, including all Intellectual Property rights therein, are and will remain with Rental Guard and, with respect to Third-Party Materials, the applicable third party providers own all right, title, and interest, including all Intellectual Property rights, in and to the Third-Party Materials. Customer has no right, license, or authorization with respect to any of the Rental Guard Materials except as expressly set forth in this Agreement. All other rights in and to the Rental Guard Materials are expressly reserved by Rental Guard.
Prohibited Data. Customer acknowledges that the Services are not designed with security and access management for processing the following categories of information: (a) nonpublic personal information as defined under the Gramm-Leach-Bliley Act, and protected health information as defined under the Health and Insurance Portability and Accountability Act of 1996; (b) data that is classified and or used on the U.S. Munitions list, including software and technical data; (c) articles, services, and related technical data designated as defense articles or defense services; and (d) ITAR (International Traffic in Arms Regulations) related data, (each of the foregoing, “Prohibited Data”). Customer shall not, and shall not permit any User to, provide any Prohibited Data to, or process any Prohibited Data through, the Software, the Rental Guard systems, or any Provider Personnel. Customer is solely responsible for reviewing all Customer Data and shall ensure that no Customer Data constitutes or contains any Prohibited Data.
Data Storage. Customer acknowledges that it has a designated level of data storage that is accessible for thirty (30) days after its initial use. Customer agrees that Rental Guard has no obligation to permit Customer to exceed its then-current designated level of data storage, unless otherwise agreed to in writing by the parties.
System Security. Rental Guard shall take reasonable measures to prevent unauthorized access to the Software. Rental Guard shall notify Customer as soon as is reasonably possible of any known security breaches affecting any Customer Data.
Password Security. Customer is solely responsible for maintaining the security of all Access Credentials, including, without limitation, user names and passwords granted to it, for the security of its information systems used to access the Services, and for its Users’ compliance with the terms of this Agreement. Rental Guard has the right at any time to terminate or suspend access to any User or Customer if Rental Guard reasonably believes that such termination or suspension is necessary to preserve the security, integrity, or accessibility of any portion of the Software, or Rental Guard’s other customers. Customer shall notify Rental Guard as soon as reasonably possible of any known unauthorized access to the Software or Services.
Acceptable Use and Suspension or Termination of Services. Customer shall use the Services and Software only for lawful purposes and in compliance with this Agreement and all applicable laws. Customer is responsible for all use of the Software and Services by its Users, regardless of whether such use is known to or authorized by Customer. Rental Guard may, directly or indirectly suspend, terminate, or otherwise deny Customer’s, any User’s, or another’s access to or use of all or any part of the Software or Rental Guard Materials, without incurring any resulting obligation or liability, if: (a) Rental Guard receives a judicial or other governmental demand or order, subpoena, or law enforcement request that expressly or by reasonable implication requires Rental Guard to do so; or (b) Rental Guard believes, in its good faith and reasonable discretion, that: (i) Customer or any User has failed to comply with any material term of this Agreement, or accessed or used the Software beyond the scope of the rights granted or for a purpose not authorized under this Agreement; (ii) Customer or any User is, has been, or is likely to be involved in any fraudulent, misleading, or unlawful activities relating to or in connection with the Software or any of the Services; or (iii) this Agreement expires or is terminated. This Section does not limit any of Rental Guard’s other rights or remedies, whether at law, in equity, or under this Agreement.
Business Continuity. Rental Guard shall maintain failover systems in place in support of the Software and consistent with the Agreement and industry standards and shall regularly test such systems during the Term of this Agreement. Additionally, Rental Guard agrees to maintain, update and regularly test a disaster recovery plan consistent with industry standards. Rental Guard HAS NO OBLIGATION OR LIABILITY FOR ANY LOSS, ALTERATION, DESTRUCTION, DAMAGE, CORRUPTION OR RECOVERY OF CUSTOMER DATA.
Security. If Services include remote diagnostic capabilities or other means for Rental Guard to access Customer systems or information, Rental Guard shall use industry standard processes to reduce the vulnerability of such capabilities, including without limitation changing default passwords on remote diagnostic systems and monitoring intrusions via its remote diagnostic systems.
Subcontractors. Rental Guard may from time to time in its discretion engage third parties to perform Services (each, a “Subcontractor”).
Reservation of Rights. Subject to the limited rights expressly granted under this Agreement, nothing in this Agreement grants any right, title, or interest in or to (including any license under) any Intellectual Property rights in or relating to, the Software, the Services, or Rental Guard Materials, whether expressly, by implication, estoppel, or otherwise. All right, title, and interest in and to the Software, the Services, and the Rental Guard Materials are and will remain with Rental Guard and the respective rights holders in the Third-Party Materials.
Third-Party Materials. Additional terms and conditions may apply to Customer’s use of Third-Party Materials, and such additional terms and conditions (if any) shall be made available to Customer. Such terms and conditions governing use of any Third-Party Materials may be incorporated into the Software in electronic or print form. In the event of changes in the terms applicable to such Third-Party Materials, Rental Guard reserves the right to terminate access to such Third-Party Materials, remove such Third-Party Materials from the Software or Services, modify the Third-Party Materials accessible hereunder, or add additional terms and conditions applicable to such Third-Party Materials, in each case effective immediately upon notice being made reasonably available to Customer. Customer acknowledges and agrees that Rental Guard is not responsible for the provision, availability, or unavailability of Third-Party Materials. In the event of any conflict between the terms hereof and the terms governing the Third-Party Material, the terms governing the Third-Party Materials shall control.
Support
Updates. Rental Guard shall deliver to Customer any Updates at no charge unless the Update includes new optional components or functionality for which additional charges apply.
Service Management. Each party shall, throughout the Term, maintain within its organization a service manager to serve as such party’s primary point of contact for day-to-day communications, consultation, and decision-making regarding this Agreement. Each service manager shall be responsible for providing all day-to-day consents and approvals on behalf of such party under this Agreement. Each party shall ensure its service manager has the requisite organizational authority, skill, experience, and other qualifications to perform in such capacity. Each party shall use commercially reasonable efforts to maintain the same service manager in place throughout the Term. If either party’s service manager ceases to be employed by such party or such party otherwise wishes to replace its service manager, such party shall promptly name a new service manager by written notice to the other party.
Customer Systems. Except as otherwise expressly provided in this Agreement, as between the parties, Customer has and will retain sole control over the operation, maintenance, and management of, and all access to and use of, the Customer Systems, and sole responsibility for all access to and use of the Rental Guard Materials by another, by or through the Customer Systems or any other means controlled by Customer or any User, including any: (i) information, instructions, or materials provided by any of them to Rental Guard; (ii) results obtained from any use of the Software or Rental Guard Materials; and (iii) conclusions, decisions, or actions based on such use. Customer shall provide all cooperation and assistance as Rental Guard may reasonably request to enable Rental Guard to exercise its rights and perform its obligations under and in connection with this Agreement.
Error Correction. Rental Guard shall use commercially reasonable efforts to correct all material Errors or to provide a reasonable workaround as soon as is possible using its reasonable efforts during Rental Guard’s normal business hours. Customer shall provide written notice to Rental Guard of any material Error and shall provide such access, information, and support as Rental Guard may reasonably require in the process of resolving any such material Error. If Rental Guard is unable to correct or provide a reasonably acceptable workaround for a material Error within sixty (60) days of Customer first written reporting of the material Error, then Customer may, at its option, elect to suspend any payments owed to Rental Guard under this Agreement until such time as Rental Guard has correct or provided a reasonably acceptable workaround for that material Error. A material Error is an Error in the Software that causes any of the core functions of the Software to be inaccessible or non-functional. A copy of Rental Guard’s “Service Level Agreement” is incorporated herein by reference.
Support Exclusions. Rental Guard is not obligated to correct any Errors or provide any other support to the extent such Errors or need for support was created in whole or in part by:
the acts, omissions, negligence, or willful misconduct of Customer or any User, including any unauthorized modifications of the Software or its operating environment;
any failure or defect of Customer’s or a third party’s equipment, software, facilities, third party applications, or internet connectivity (or other causes outside of Rental Guard’s firewall);
Customer’s or any User’s use of the Software other than in accordance with the Documentation.
Limitation of Remedies. Correction of Errors as defined in this Agreement is Customer’s sole remedies for any Errors in the Service.
Financial Terms
Subscription Fees. Subscription fees and term of service are set forth in the Work Order. For each User that remains active on the Software after the expiration of the subscription period covered by this Agreement, Customer shall, in the absence of a separate written agreement with Rental Guard for such User, pay Rental Guard its then current User subscription fee, provided that such fee will not exceed 110% of the payment amount paid in the original Agreement.
Payment Terms. Customer shall pay all Rental Guard invoices within thirty (30) days of the invoice date. Rental Guard shall render monthly invoices, the first monthly invoice being sent during the month of the Service Period Date. If Customer is delinquent in payment of any portion of an invoice that it has not disputed in good faith, Rental Guard may, in addition to other remedies it may have, including termination, suspend access to the Software and/or performance of the Services until all past due amounts and interest thereon have been paid, without incurring any obligation or liability to Customer or otherwise by reason of such suspension. Customer agrees to pay late fees on delinquent amounts at the rate of 1½% per month (or, if lower, the maximum amount permitted by law) that a payment is overdue. If Rental Guard takes any legal action for the collection of any undisputed overdue payments, Customer shall also reimburse Rental Guard for its reasonable attorneys’ fees and other costs incurred in that action, in addition to any other relief to which Rental Guard may be entitled.
Correction of Invoices. Customer may request, at any time during the Term of the Agreement and for a period of up to six (6) months after termination of the Agreement, correction of any invoice following issuance thereof.
Taxes. If applicable, Customer shall pay or shall reimburse Rental Guard for all sales taxes and other taxes, however characterized by the taxing authority, based upon the license fees or other charges under this Agreement or otherwise incurred on account of Customer’s use of the Services, except for any taxes based upon Rental Guard’s net income or gross receipts or for any franchise or excise taxes owed by Rental Guard.
Term and Termination
Term. The initial term of this Agreement commences on the Effective Date and, unless terminated earlier pursuant to any of the Agreement’s express provisions, will continue in effect for the number of months from such date indicated by the Term of Service set forth in the Work Order (the “Initial Term”). The term of this Agreement will automatically renew for additional terms of one (1) year each unless either party gives the other party written notice of its intention not to renew at least thirty (30) days in advance of the expiration of the then current term (each a “Renewal Term,” and together with the Initial Term, the “Term”).
Termination for Cause. Rental Guard may terminate this Agreement for cause upon written notice to the Customer:
if the Customer fails to pay Rental Guard any delinquent amounts owed to Rental Guard hereunder within ten (10) days of written notice by Rental Guard specifying the amounts owed;
effective on written notice to Customer upon any breach by Customer of its obligations under Section 2(c) (Use Restrictions) or Section 6 (Confidentiality); or
if the Customer has committed any material breach of its obligations under this Agreement and has failed to cure such breach within thirty (30) days of written notice by the non-breaching party specifying in reasonable detail the nature of the breach (or, if such breach is not reasonably curable within 30 days, has failed to begin and continue to work diligently and in good faith to cure such breach).
Termination for Insolvency. Either party may terminate this Agreement, effective immediately upon written notice to the other party, upon the institution of bankruptcy or state law insolvency proceedings against the other party, if such proceedings are not dismissed within thirty (30) days of commencement.
Effect of Termination or Expiration. Upon any expiration or termination of this Agreement, except as expressly otherwise provided in this Agreement:
Rental Guard shall immediately discontinue providing Services and terminate access to the Software, Services, Third-Party Materials, and Rental Guard Materials by Customer and its Users;
Customer shall immediately pay Rental Guard any amounts payable or accrued but not yet payable to Rental Guard, including any deferred payments or payments originally to be made over time if Rental Guard terminates this Agreement pursuant to Section 5(b)(i) or Section 5(b)(ii). For the purpose of clarification, all payment amounts that would have become payable had the Agreement remained in effect until expiration of the Term will become immediately due and payable, and Customer shall pay such amounts, together with all previously-accrued but not yet paid amounts, on receipt of Rental Guard’s invoice therefor;
all rights, licenses, consents, and authorizations granted by either party to the other hereunder will immediately terminate;
Rental Guard shall immediately cease all use of any Customer Data or Customer’s Confidential Information and (i) promptly return to Customer, or at Customer’s written request destroy, all documents and tangible materials containing, reflecting, incorporating, or based on Customer Data or Customer’s Confidential Information; and (ii) permanently erase all Customer Data and Customer’s Confidential Information from all systems Rental Guard directly or indirectly controls, provided that, for clarity, Rental Guard’s obligations under this Section 5(d)(iv) do not apply to any Resultant Data;
Customer shall immediately cease all use of Software, any Services, or Rental Guard Materials and (A) promptly return to Rental Guard, or at Rental Guard’s written request destroy, all documents and tangible materials containing, reflecting, incorporating, or based on any Rental Guard Materials or Rental Guard’s Confidential Information; (B) permanently erase all Rental Guard Materials and Rental Guard’s Confidential Information from all systems Customer directly or indirectly controls; and (C) certify to Rental Guard in a signed written instrument that it has complied with the requirements of this Section; and
notwithstanding anything to the contrary in this Agreement, with respect to information and materials then in its possession or control: (i) the receiving party may retain the disclosing party’s Confidential Information; (ii) Rental Guard may retain Customer Data, in the case of each of subclause (i) and (ii) in its then current state and solely to the extent and for so long as required by applicable law; (iii) Rental Guard may also retain Customer Data in its backups, archives, and disaster recovery systems until such Customer Data is deleted in the ordinary course; and (iv) all information and materials described in this Section 5(d)(vi) will remain subject to all confidentiality, security, and other applicable requirements of this Agreement.
Early Termination and Transition Services. Should the Customer wish to terminate prior to the Term of the Agreement, it must submit a written notice of termination and all fees that would have become payable had the Agreement remained in effect until expiration of the Term will become due and payable, and Customer shall pay such fees on receipt of Rental Guard’s invoice therefor. In furtherance of the above and for the avoidance of doubt, if Customer terminates prior to the Term of the Agreement under this Section of the Agreement, then Rental Guard is under no obligation to release any Customer Data to Customer or perform any Transition Services (defined below) until Customer has made payment to Rental Guard for all fees that would have become payable for the Term of the Agreement, and Customer acknowledges and agrees that Rental Guard will incur no liability for such action. Upon expiration or other termination of the Agreement for any reason other than non-payment by Customer or termination under this Section without full payment to Rental Guard, Rental Guard shall make available to Customer a ninety (90) day transition period (the “Transition Period”) to allow Customer to transition from the Software and Rental Guard shall cooperate, in good faith, with Customer and/or a third party designated by Customer, during such Transition Period to enable the transition of the Software and all Customer Data in the possession of Rental Guard to Customer or such third party (the “Transition Services”).
Confidentiality
Definition of Confidential Information. “Confidential Information” means any and all tangible and intangible information (whether written, electronic, or otherwise recorded, or oral) of a party that: (i) derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy; or (ii) the disclosing party designates as confidential or, given the nature of the information or the circumstances surrounding its disclosure, reasonably should be considered as confidential. Confidential Information includes, without limitation: (A) nonpublic information relating to a party’s technology, trade secrets, know-how, customers, business operations, plans, strategies, promotional and marketing activities, finances and other business affairs; (B) third-party information that a party is obligated to keep confidential; and (C) any nonpublic information relating to any activities conducted hereunder.
Exclusions. Notwithstanding the above, the term “Confidential Information” does not include any information that:
readily discernible from publicly-available products or literature;
approved for disclosure by prior written permission of an executive officer of the disclosing party; or
the receiving party can demonstrate by written or other documentary records: (A) was rightfully known to the receiving party without restriction on use or disclosure prior to such information’s being disclosed or made available to the receiving party in connection with this Agreement; (B) was or becomes generally known by the public other than by the receiving party’s or any of its Representatives’ noncompliance with this Agreement; (C) was or is received by the receiving party on a non-confidential basis from a third party that was not or is not, at the time of such receipt, under any obligation to maintain its confidentiality; or (D) the receiving party can demonstrate by written or other documentary records was or is independently developed by the receiving party without reference to or use of any Confidential Information.
Protection of Confidential Information. As a condition to being provided with any disclosure of or access to Confidential Information, the receiving party shall:
not access or use Confidential Information other than as necessary to exercise its rights or perform its obligations under and in accordance with this Agreement;
except as may be permitted by and subject to its compliance with Section 6(d), not disclose or permit access to Confidential Information other than to its Representatives who: (i) need to know such Confidential Information for purposes of the receiving party’s exercise of its rights or performance of its obligations under and in accordance with this Agreement; (ii) have been informed of the confidential nature of the Confidential Information and the receiving party’s obligations under this Section 6(c); and (iii) are bound by confidentiality and restricted use obligations at least as protective of the Confidential Information as the terms set forth in this Section 6;
safeguard the Confidential Information from unauthorized use, access, or disclosure using at least the degree of care it uses to protect its sensitive information and in no event less than a reasonable degree of care; and
ensure its Representatives’ compliance with, and be responsible and liable for any of its Representatives’ non-compliance with, the terms of this Section 6.
Required Disclosures. A receiving party or any of its Representatives may disclose Confidential Information of the disclosing party as required to comply with binding orders of governmental entities that have jurisdiction over it or as otherwise required by law, provided that the receiving party (i) gives the disclosing party reasonable written notice, prior to such disclosure, to allow it to seek a protective order or other appropriate remedy (except to the extent compliance with the foregoing would cause the receiving party to violate a court order or other legal requirement); (ii) discloses only such information as is required by the governmental entity or otherwise required by law; and (iii) and uses its best efforts to obtain confidential treatment for any Confidential Information so disclosed.
Return of Information. If a disclosing party so requests at any time, the receiving party shall return promptly all copies, extracts, or other reproductions in whole or in part of the Confidential Information in its possession.
Survival. The parties hereto covenant and agree that this Section 6 will survive the expiration, termination, or cancellation of this Agreement for a period of three (3) years, except for Confidential Information constituting a trade secret, with respect to which this Section will survive the expiration, termination, or cancellation of this Agreement for so long as such Confidential Information remains a trade secret.
Indemnification
Indemnification. Each party shall indemnify the other party, the other party’s Representatives, and each of its and their respective stockholders, officers, directors, agents, employees, successors, and permitted assigns (each, an “Indemnified Party”) at all times from and after the Effective Date against any liability, loss, damages (including punitive damages), claim, settlement payment, cost and expense, interest, award, judgment, diminution in value, fine, fee, and penalty, or other charge, including reasonable legal expenses, resulting from any claim by an unaffiliated third party (each a “Third Party Claim”) that:
in the case of Customer as the Indemnified Party: (a) Customer’s use in accordance with this Agreement of the Software infringes or misappropriates any Intellectual Property or proprietary rights of the unaffiliated third party; or (b) arises out of or results from, or is alleged to arise out of or result from the gross negligence or willful misconduct of Rental Guard in connection with this Agreement. The foregoing obligation does not apply to the extent that the alleged infringement or misappropriation arises from: (1) Customer Data or Third-Party Materials, (2) modification of Rental Guard’s Materials other than by Rental Guard or with Rental Guard’s written approval, (3) failure to timely implement any modifications, Upgrades or enhancements made available to Customer by or on behalf of Rental Guard, (4) Customer’s or a User’s violation of any laws, rules, and/or regulations applicable to its business, or (5) Customer’s failure or alleged failure to obtain any necessary consent, release, license, or approval from a third party in connection with Customer’s or its Users’ use of the Software, Services, or Rental Guard Materials; or
in the case of Rental Guard as the Indemnified Party, arise out of or result from, or are alleged to arise out of or result from: (a) the Customer Data, (b) Customer’s breach of this Agreement, or (c) the gross negligence or willful misconduct of Customer, any User, or any third party on behalf of Customer or any User, in connection with this Agreement.
Mediation. Notwithstanding the foregoing, if the Software becomes the subject of such a claim of infringement or if Rental Guard reasonably believes the Software may infringe or misappropriate, then Rental Guard may in its sole discretion: (i) procure for Customer the right to use the Software free of any liability for infringement; (ii) replace or modify the Software to make it non-infringing but with reasonably comparable functionality; or (iii) if Rental Guard determines that the previous two options are not available on a commercially reasonable basis, terminate Customer’s use of the Software and grant to Customer a credit for the unused portion of any prepaid fees and refund any deposits paid by Customer for the affected Software. The alternatives listed in this Section 7(b) are the Customer’s sole and exclusive remedies.
Exclusion. For the avoidance of doubt, Rental Guard has no liability for, and no obligation to indemnify Customer against, any Third Party Claim arising or alleging based in whole or in part on (i) use of the Software other than as specified in this Agreement or its Documentation, including use with third party hardware and software products not specifically authorized by Rental Guard, or (ii) Customer’s failure or alleged failure to obtain any necessary consent, release, license, or approval from a third party in connection with Customer’s or its Users’ use of the Software, Services, or Rental Guard Materials.
Indemnification Process. The Indemnified Party shall promptly notify the indemnifying party in writing of any Third Party Claim for which such party believes it is entitled to be indemnified pursuant to Section 7(a)(i) or Section 7(a)(ii), stating the nature and basis of the Third Party Claim, to the extent known. The Indemnified Party shall cooperate with the indemnifying party at the indemnifying party’s sole cost and expense. The indemnifying party shall promptly assume control of the defense and shall employ counsel to handle and defend the same, at the indemnifying party’s sole cost and expense. The Indemnified Party may participate in and observe the proceedings at its own cost and expense with counsel of its own choosing. The foregoing notwithstanding, the Indemnified Party shall be entitled to participate in the defense of such Third Party Claim and to employ counsel at its own expense to assist in the handling of such claim, except that the Indemnified Party’s legal expenses in exercising this right shall be deemed legal expenses subject to indemnification hereunder to the extent that (x) the indemnifying party fails or refuses to assume control over the defense of the Third Party Claim; or (y) the Indemnified Party deems it reasonably necessary to file an answer or take similar action to prevent the entry of a default judgment, temporary restraining order, or preliminary injunction against it. The indemnifying party shall not settle any Third Party Claim without the Indemnified Party’s prior written consent, which shall not be unreasonably withheld or delayed. The Indemnified Party’s failure to perform any obligations under this Section will not relieve the indemnifying party of its obligations under this Section, except to the extent that the indemnifying party can demonstrate that it has been prejudiced as a result of such failure.
This Section 7 sets forth Rental Guard’s sole obligation and liability, and Customer’s exclusive remedies, with respect to any Third Party Claim described therein.
Warranties; Disclaimers and Limitations
Mutual Warranties. Each party represents and warrants that:
it is duly organized, validly existing, and in good standing as a corporation or other entity under the laws of the jurisdiction of its incorporation or other organization;
any individual executing the Agreement on its behalf is duly authorized and empowered to execute and deliver the Agreement;
when executed and delivered by both parties, this Agreement will constitute the legal, valid, and binding obligation of such party, enforceable against such party in accordance with its terms; and
it has the full legal right and corporate power and authority to enter into and perform all of its obligations under the Agreement, and to comply with all terms and conditions thereof.
Rental Guard Warranties. To the extent that Rental Guard subcontracts any portion of the Services to a third party or engages a third party to assist in provision of the Services, all terms and conditions relevant to performance of the Services by Rental Guard, including without limitation the security and protection of Customer Data shall be applicable to such third party (and Rental Guard shall, as commercially reasonable, require such third party to comply with the requirements to Customer included within the Agreement). Rental Guard shall, upon written request of Customer, provide the name, address, and appropriate administrative contact at each such Subcontractor used by Rental Guard in performance of the Services. For any breach of an Rental Guard warranty, Customer’s sole and exclusive remedy is as provided in Section 5(b)(iii) (Termination for Cause).
Property Damage Warranty. Rental guard provides a software-as-a-service platform for collecting and actioning data created by hardware sensors. Rental guard makes no claim or guarantee against any hardware used on it’s platform nor does it assume any liability in connection with the use of it’s software. For the avoidance of doubt, Rental Guard is not liable for any damages or harm that occurs to properties monitored by its service.
Additional Customer Representations, Warranties, and Covenants. Customer represents, warrants, and covenants to Rental Guard that Customer owns or otherwise has and will have the necessary rights and consents in and relating to the Customer Data so that, as received by Rental Guard and used in accordance with this Agreement, they do not and will not infringe, misappropriate, or otherwise violate any Intellectual Property rights, or any privacy or other rights of any third party or violate any applicable law. To the extent Customer utilizes any equipment or devices with audio and visual recording capabilities in connection with use of the Software, Services, or Rental Guard Materials, Customer agrees to fully and conspicuously notify its Users, personnel, employees, customers, and any other person of this fact by legible signs and other necessary communications, including without limitation obtaining any necessary consent, approval, or release for the use or reproduction of a person’s name, likeness, voice, conversation, sounds, approved biographical data, or other material. Customer shall be solely responsible for ensuring that the use of the equipment and devices contemplated herein complies at all times with all applicable federal, state, and local laws, rules, and regulations.
DISCLAIMER OF WARRANTIES. OTHER THAN AS EXPRESSLY SET FORTH IN THIS AGREEMENT, ALL SOFTWARE, SERVICES, THIRD-PARTY MATERIALS, AND Rental Guard MATERIALS ARE PROVIDED “AS IS,” Rental Guard MAKES NO, AND HEREBY DISCLAIMS ANY AND ALL REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE SOFTWARE, THE SERVICES, THE Rental Guard MATERIALS OR THIRD-PARTY MATERIALS PROVIDED, OR THE AVAILABILITY, FUNCTIONALITY, PERFORMANCE, OR RESULTS OF USE OF THE SOFTWARE, SERVICES, THIRD-PARTY MATERIALS, OR Rental Guard MATERIALS. WITHOUT LIMITING THE FOREGOING, EXCEPT AS SPECIFICALLY SET FORTH HEREIN, Rental Guard DISCLAIMS ANY AND ALL WARRANTIES THAT THE SOFTWARE, THE SERVICES, THIRD-PARTY MATERIALS, THE Rental Guard MATERIALS PROVIDED BY Rental Guard, OR ANY PRODUCTS OR RESULTS OF THE USE THEREOF ARE OR WILL BE ACCURATE, ERROR-FREE, OR UNINTERRUPTED, WILL MEET CUSTOMER’S OR ANY OTHER PERSON’S REQUIREMENTS, ACHIEVE ANY INTENDED RESULT, BE COMPATIBLE OR WORK WITH ANY SOFTWARE, SYSTEM, OR OTHER SERVICES, OR BE SECURE, ACCURATE, COMPLETE, OR FREE OF HARMFUL CODE. Rental Guard MAKES NO, AND HEREBY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTY OF MERCHANTABILITY, OF FITNESS FOR ANY PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT AND ALL WARRANTIES ARISING BY USAGE OF TRADE, COURSE OF DEALING OR COURSE OF PERFORMANCE. ALL THIRD-PARTY MATERIALS ARE PROVIDED “AS IS” AND ANY REPRESENTATION OR WARRANTY OF OR CONCERNING ANY THIRD-PARTY MATERIALS IS STRICTLY BETWEEN CUSTOMER AND THE THIRD-PARTY OWNER OR DISTRIBUTOR OF THE THIRD-PARTY MATERIALS.CUSTOMER ACKNOWLEDGES AND AGREES THAT THE SOFTWARE, SERVICES, AND Rental Guard MATERIALS PROVIDED HEREUNDER ARE SOLELY A CONDUIT FOR ANY CUSTOMER DATA. CUSTOMER REMAINS SOLELY RESPONSIBLE FOR ITS SERVICES AND USE OF THE SOFTWARE AND Rental Guard MATERIALS AND ALL CLAIMS ARISING THEREFROM. Rental Guard MAKES NO WARRANTIES REGARDING THE ACCURACY OR COMPLETENESS OF ANY INFORMATION PROVIDED IN CONNECTION WITH OR RESULTS OBTAINED THROUGH USE OF THE SOFTWARE, SERVICES, AND Rental Guard MATERIALS, AND Rental Guard SHALL HAVE NO LIABILITY FOR ANY CLAIM ARISING FROM ANY USE OF SUCH INFORMATION OR RESULTS. Rental Guard EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY RELATED TO THE USE OR TRANSMISSION OF CUSTOMER DATA THROUGH THE SOFTWARE, SERVICES, AND Rental Guard MATERIALS BY CUSTOMER OR USERS.CUSTOMER FURTHER ACKNOWLEDGES AND AGREES THAT THE SOFTWARE, SERVICES, THIRD-PARTY MATERIALS, AND Rental Guard MATERIALS ARE NOT INTENDED TO SERVE AS A SECURITY SYSTEM FOR EVENTS THAT TAKE PLACE IN CONNECTION WITH CUSTOMER’S OR ITS USERS’ USE THEREOF.NEITHER Rental Guard, ITS SUBCONTRACTORS, ITS REPRESENTATIVES, NOR ANY PROVIDER PERSONNEL IS OBLIGATED TO: (I) TAKE ANY STEPS TO IDENTIFY, PREVENT, OR CORRECT ANY ILLEGAL, ABUSIVE, OR OTHERWISE ACTIVITY THAT IS EVIDENCED BY THE CUSTOMER DATA MADE AVAILABLE TO Rental Guard UNDER THIS AGREEMENT; (II) ARCHIVE FOR FUTURE REFERENCE OR OTHERWISE MAINTAIN ANY REPRODUCTION OF THE CUSTOMER DATA EXCEPT AS OTHERWISE EXPRESSLY SET FORTH HEREIN; (III) MANUFACTURE, INSTALL, OR OTHERWISE MAINTAIN ANY EQUIPMENT OR DEVICES USED BY CUSTOMER OR ITS USERS IN CONNECTION WITH THE SOFTWARE, SERVICES, THIRD-PARTY MATERIALS, AND Rental Guard MATERIALS.Rental Guard SHALL HAVE NO RESPONSIBILITY OR LIABILITY IN CONNECTION WITH ANY THIRD-PARTY MATERIALS, INCLUDING WITHOUT LIMITATION ANY ACTS OR OMISSIONS OF, OR INFORMATION PROVIDED BY, ANY THIRD-PARTY MATERIALS PROVIDER.
EXCLUSION OF DAMAGES. Rental Guard HAS NO LIABILITY WITH RESPECT TO THE SOFTWARE, SERVICES, THIRD-PARTY MATERIALS, OR ITS OTHER OBLIGATIONS UNDER THIS AGREEMENT OR OTHERWISE FOR ANY LOST PROFITS OR REVENUES OR FOR ANY CONSEQUENTIAL, EXEMPLARY, SPECIAL, INDIRECT, INCIDENTAL, OR PUNITIVE DAMAGES (INCLUDING WITHOUT LIMITATION LOSS OF PROFITS, LOSS OF DATA, AND THE COST OF COVER) HOWEVER CAUSED, WHETHER IN CONTRACT, TORT, OR UNDER ANY OTHER THEORY OF LIABILITY, EVEN IF Rental Guard HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
LIMITATIONS OF LIABILITY. EXCEPT FOR (i) EITHER PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, OR (ii) EITHER PARTY’S INDEMNIFICATION OBLIGATIONS PURSUANT TO SECTION 7, TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE COLLECTIVE AGGREGATE LIABILITY OF EITHER PARTY AND EITHER PARTY’S LICENSORS, SERVICE PROVIDERS, AND SUBCONTRACTORS ARISING OUT OF OR RELATED TO THIS AGREEMENT, WHETHER ARISING UNDER OR RELATED TO BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR ANY OTHER LEGAL OR EQUITABLE THEORY, EXCEED THE TOTAL AMOUNTS PAID AND AMOUNTS ACCRUED BUT NOT YET PAID TO Rental Guard BY THE CUSTOMER UNDER THIS AGREEMENT IN THE TWELVE (12) MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE LIABILITY. THE FOREGOING LIMITATIONS APPLY EVEN IF ANY REMEDY FAILS OF ITS ESSENTIAL PURPOSE.
General Provisions
Promotional Materials. Either party may include statements, and may use the other party’s name and other indicia in promotional and marketing materials, including its website, for the sole purpose of listing the other party as a current or former customer or provider of the Services.
Further Assurances. On a party’s reasonable request, the other party shall, at the requesting party’s sole cost and expense, execute and deliver all such documents and instruments, and take all such further actions, as may be necessary to give full effect to this Agreement.
Relationship of the Parties. The relationship between the parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture, or other form of joint enterprise, employment, or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever.
Force Majeure. “Force Majeure Event” means any act or event that (a) prevents a party (the “Non-performing Party”) from performing its obligations or satisfying a condition to the other party’s (the “Performing Party”) obligations under this Agreement, (b) is beyond the reasonable control of and not the fault of the Non-performing Party, including acts of God, flood, fire, earthquake or explosion, war, terrorism, invasion, riot or other civil unrest, embargoes or blockades in effect on or after the date of this Agreement, national or regional emergency, strikes, labor stoppages or slowdowns or other industrial disturbances, passage of Law or any action taken by a governmental or public authority, including imposing an embargo, export or import restriction, quota, or other restriction or prohibition or any complete or partial government shutdown, or national or regional shortage of adequate power or telecommunications or transportation, and (c) the Non-performing Party has not, through commercially reasonable efforts, been able to avoid or overcome. “Force Majeure Event” does not include economic hardship, changes in market conditions, and insufficiency of funds. If a Force Majeure Event occurs, the Non-performing Party is excused from the performance thereby prevented and from satisfying any conditions precedent to the other party’s performance that cannot be satisfied, in each case to the extent limited or prevented by the Force Majeure Event. When the Non-performing Party is able to resume its performance or satisfy the conditions precedent to the other party’s obligations, the Non-performing Party shall immediately resume performance under this Agreement. Both parties shall work cooperatively to minimize any delays related to any Force Majeure Event. The relief offered by this paragraph is the exclusive remedy available to the Performing Party with respect to a Force Majeure Event.
Notices. Any notice or other communications under this Agreement have legal effect only if in writing and, if to Rental Guard, addressed as follows (or to such other address or such other person that Rental Guard may designate from time to time):3433 Forest Park Rd, Springfield TN 37172 Email: info@rental-guard.com
Attention: Adam Jaggers, Chief Executive OfficerIf to Customer, notice shall be addressed to such mailing address or email address or person that Customer may designate from time to time.Notices sent in accordance with this Section will be deemed effectively given: (a) when received, if delivered by hand, with signed confirmation of receipt; (b) when received, if sent by a nationally recognized overnight courier, signature required; (c) when sent, if by facsimile or email, (in each case, with confirmation of transmission), if sent during the addressee’s normal business hours, and on the next business day, if sent after the addressee’s normal business hours; and (d) on the 5th day after the date mailed by certified or registered mail, return receipt requested, postage prepaid.
Assignment. Customer shall not assign or otherwise transfer any of its rights, or delegate or otherwise transfer any of its obligations or performance under this Agreement, in each case whether voluntarily, involuntarily, by operation of law, or otherwise, without Rental Guard’s prior written consent. The preceding sentence applies to all assignments of rights, whether they are voluntary or involuntary, by merger, consolidation, dissolution, operation of law or any other manner. Any change of control transaction is deemed an assignment hereunder. Any purported assignment of rights in violation of this Section is void. This Agreement is binding upon and inures to the benefit of the parties hereto and their respective successors and permitted assigns.
Waiver. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power, or privilege arising from this Agreement will operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.
Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.
Informal Dispute Resolution. Any dispute or controversy between the parties with respect to the interpretation or application of any provision of this Agreement, or the performance by Rental Guard or Customer of their respective obligations thereunder that is not based primarily upon equitable relief (the “Dispute”) shall be resolved first as provided in this section. The parties hereby agree to meet within twenty (20) days from the receipt, by either party, of notification of the Dispute sent by the other party; in the absence of an amicable resolution within fifteen (15) days from the meeting of the parties in accordance with the conditions set forth in this section, the Dispute may then be submitted to mediation. Notwithstanding the foregoing, either party may seek and obtain from a court an injunction or other appropriate equitable relief to preserve the status quo with respect to any Dispute pending conclusion of the dispute mechanisms described above. If the parties are unable to resolve the Dispute within sixty (60) days after the commencement of the Dispute, then either party may pursue any other rights or remedies available to it in law or equity, including litigation. Rental Guard agrees to continue to perform Services during the informal dispute resolution timeframe specified in this paragraph.
Governing Law; Venue. The laws of the State of Tennessee (without giving effect to its conflict of laws principles) govern all matters arising out of or relating to this Agreement and the transactions it contemplates, including, without limitation, its interpretation, construction, performance, and enforcement. Any claims or actions regarding or arising out of this Agreement must be brought exclusively in a court of competent jurisdiction sitting in Davidson County, Tennessee, and each party to this Agreement submits to the jurisdiction of such courts for the purposes of all legal actions and proceedings arising out of or relating to this Agreement. Each party waives, to the fullest extent permitted by law, any objection that it may now or later have to (i) the laying of venue of any legal action or proceeding arising out of or relating to this Agreement brought in any state or federal court sitting in Davidson County, Tennessee; and (ii) any claim that any action or proceeding brought in any such court has been brought in an inconvenient forum.
Recovery of Litigation Costs. If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Agreement, the unsuccessful party shall pay to the successful party its reasonable attorneys’ fees and other costs incurred in that action or proceeding, in addition to any other relief to which the successful party may be entitled.
Headings. The headings in this Agreement are for reference only and do not affect the interpretation of this Agreement.
Entire Agreement. This Agreement, together with any Work Orders, Exhibits, and any other documents incorporated herein by reference, constitutes the sole and entire agreement between the parties with respect to the subject matter contained in this Agreement. All prior and contemporaneous negotiations and agreements between the parties on the matters contained in this Agreement are superseded by this Agreement. The provisions of this Agreement cannot be explained, supplemented or qualified through evidence of trade usage or a prior course of dealings. In entering into this Agreement, neither party has relied upon any statement, representation, warranty or agreement of any other party except for those expressly contained in this Agreement. There are no conditions precedent to the effectiveness of this Agreement, other than any that are expressly stated in this Agreement.
Amendments. The parties can amend this Agreement only by a written agreement of the parties that identifies itself as an amendment to this Agreement, and is signed by an authorized representative of each party.
Survival of Certain Provisions. Each party hereto covenants and agrees that the provisions in Sections 1 (Definitions), 2(c) (Use Restrictions), 2(d) (Ownership of Customer Data), 2(e) (Rental Guard Materials), 2(n) (Reservation of Rights), 4 (Financial Terms), 5(d) (Effect of Termination or Expiration), 5(e) (Early Termination and Transition Services), 6 (Confidentiality), 7 (Indemnification), 8 (Warranties, Disclaimers and Limitations), and 9 (General Provisions) in addition to any other provision that, by its nature, should survive the expiration or termination of this Agreement, shall survive the expiration or termination of this Agreement.
Counterparts. This Agreement may be executed in counterparts, each of which is deemed an original, but all of which together are deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email, or other means of electronic transmission is deemed to have the same legal effect as delivery of an original signed copy of this Agreement.
Appendix A (Billing and Collections)
Annual Billing:
The Client agrees to pay the fees for the Services on an annual basis, in advance, as specified in the applicable Order Form or pricing schedule.
The annual billing cycle shall commence on the Effective Date of this Agreement and continue for subsequent 12-month periods unless otherwise specified in writing by the Parties.
Payment Terms:
Payment for the annual subscription shall be made by the Client within thirty (30) days from the invoice date.
Invoices for subsequent annual billing periods will be issued at least thirty (30) days prior to the commencement of the new billing period.
Late Payments:
In the event that the Client fails to make payment within the specified thirty (30) day period, the Company reserves the right to suspend the provision of Services until payment is received.
Late payments may be subject to a late fee as specified in the payment terms outlined in the Order Form or pricing schedule.
Collection Window:
The Company agrees to provide the Client with a thirty (30) day window for the resolution of any payment discrepancies or disputes from the date of notification by the Client.
If the Client fails to resolve any payment discrepancies or disputes within the specified thirty (30) day window, the Company reserves the right to take appropriate action, which may include suspension of Services or termination of this Agreement.
Currency and Method of Payment:
All payments shall be made in the currency specified in the invoice.
Payment shall be made by wire transfer or other methods mutually agreed upon by the Parties.