Trustworthy contract editing with AI.

Confidence in every clause.

🔮

Magi AI

Use Magi to draft contracts, format, and review contracts

Send a message below to get started

👆 Click send to start the analysis

Word icon

Strategic Partnership Agreement

STRATEGIC PARTNERSHIP AGREEMENT

This Strategic Partnership Agreement ("Agreement") is made and entered into as of March 15, 2024, by and between:

Partner A:

TechFlow Solutions Inc., 789 Innovation Drive, Austin, TX ("TechFlow")

Partner B:

DataCore Systems LLC, 456 Market Street, San Francisco, CA ("DataCore")

1. Partnership Scope.

TechFlow will integrate DataCore's analytics platform into TechFlow's enterprise software suite for joint customer offerings.

2. Revenue Sharing.

DataCore will receive 25% of net revenue from joint sales, paid quarterly within 30 days of quarter end.

iii. Performance Metrics.

TechFlow commits to achieving minimum sales targets of $2M annually by Year 2. DataCore commits to maintaining 99.5% uptime and providing customer support within 4 business hours. Failure to meet these metrics may result in renegotiation of terms.

D. term and termination.
This Agreement commences April 1, 2024 for an initial term of 2 years, automatically renewing unless terminated. TechFlow may terminate this Agreement at any time with 30 days notice for any reason. DataCore may only terminate for material breach with 90 days cure period.
5.intellectual property.
Each party retains ownership of their pre-existing IP. Any improvements, modifications, or derivative works created by either party related to the other party's technology shall be owned exclusively by the party making such improvements. DataCore grants TechFlow a non-exclusive license to use DataCore's IP solely for purposes of this Agreement.
VI.data and privacy.

Both parties will comply with applicable data protection laws including GDPR and CCPA. Customer data remains owned by the customer, with both parties acting as processors. DataCore may use aggregated, anonymized data for product improvement purposes.

7. Liability and Indemnification.
Each party shall indemnify and hold harmless the other party from any and all claims, damages, losses, and expenses arising from or related to this Agreement, without limitation as to amount or type of damages. This includes but is not limited to customer claims, regulatory fines, and third-party IP infringement claims.
8.CONFIDENTIALITY.

Both parties agree to maintain strict confidentiality of proprietary information for 5 years following termination. Confidential information includes customer lists, pricing strategies, technical specifications, and business plans. Exceptions include publicly available information and independently developed information.

IX. force majeure.

Neither party shall be liable for delays or failures in performance resulting from acts beyond reasonable control, including natural disasters, government actions, war, terrorism, or pandemic-related restrictions. Affected party must provide prompt notice and use reasonable efforts to mitigate impact.

10. Dispute Resolution.

Any disputes arising under this Agreement shall be resolved through binding arbitration under the rules of the American Arbitration Association. Arbitration shall take place in Delaware. The prevailing party shall be entitled to reasonable attorney's fees and costs.

11.governing law

This Agreement shall be governed by the laws of the State of Delaware, without regard to conflict of law principles. Both parties consent to the exclusive jurisdiction of Delaware courts for any matters not subject to arbitration.

12. Entire Agreement.

This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements. Modifications must be in writing and signed by both parties. If any provision is deemed unenforceable, the remainder shall remain in full force.

_________________________
TechFlow Solutions Inc.
Name: _______________
Title: _______________
Date: _______________
_________________________
DataCore Systems LLC
Name: _______________
Title: _______________
Date: _______________