Clause Library
9 pre-approved clauses · 8 approved
Limitation of Liability — Standard Cap
In no event shall either party be liable to the other for any indirect, incidental, special, consequential, punitive, or exemplary damages arising out of or related to this Agreement, including but not limited to loss of revenue, loss of profits, loss of business, or loss of data, whether in an action in contract or tort, even if such party has been advised of the possibility of such damages. Each party's total aggregate liability under this Agreement shall not exceed the total fees paid or payable by Client to Service Provider in the twelve (12) months immediately preceding the event giving rise to such claim.
Mutual Confidentiality — Standard NDA
Each party (as "Receiving Party") agrees to keep confidential all Proprietary Information received from the other party (as "Disclosing Party") and to use such Proprietary Information solely for the purposes of this Agreement. The Receiving Party shall not disclose Proprietary Information to any third party without the prior written consent of the Disclosing Party.
Indemnification — Mutual Standard
Each party (the "Indemnifying Party") shall indemnify, defend, and hold harmless the other party and its officers, directors, employees, agents, successors, and assigns from and against any and all claims, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) any breach of this Agreement by the Indemnifying Party; (b) the negligence or willful misconduct of the Indemnifying Party.
Governing Law — New York
This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of laws principles. Any dispute arising out of or relating to this Agreement shall be resolved exclusively in the state or federal courts located in New York County, New York.
Force Majeure — Comprehensive
Neither party shall be liable for any delay or failure to perform its obligations under this Agreement to the extent such delay or failure is caused by circumstances beyond such party's reasonable control, including but not limited to acts of God, natural disasters, pandemic or epidemic, war, terrorism, government actions, or labor disputes.
IP Assignment — Work for Hire
All work product, inventions, developments, improvements, discoveries, and other intellectual property created, developed, or conceived by Contractor in the course of performing Services under this Agreement shall be deemed "works made for hire" as defined in 17 U.S.C. § 101.
Non-Compete — 12 Month Post-Termination
For a period of twelve (12) months following the termination or expiration of this Agreement for any reason, Employee shall not, directly or indirectly, engage in, own, manage, operate, control, be employed by, or participate in any business that competes with the Company's Business within the Restricted Territory.
Termination for Convenience
Either party may terminate this Agreement for any reason or no reason upon thirty (30) days' prior written notice to the other party. In the event of termination for convenience by Client, Client shall pay Service Provider for all Services performed and expenses incurred through the effective date of termination.
Dispute Resolution — Arbitration (AAA)
Any dispute, controversy, or claim arising out of or relating to this Agreement shall be settled by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. The arbitration shall be conducted by a single arbitrator in New York, New York.