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CC PACKET 04262022
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CC PACKET 04262022
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4/22/2022 9:10:00 AM
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not reduce the amount paid to Meritage on account thereof. In the event that Customer elects to increase the number <br />of Users, the parties shall meet to discuss the impact on Set‐Up and Subscription Fees. The Subscription Fees may be <br />increased on an annual basis, as determined by Meritage, provided that any pricing increase will not exceed seven <br />percent (7%) of the Subscription Fees per User for the immediately prior Term, unless the pricing was designated in the <br />applicable Order Form as promotional or one‐time. Meritage will provide 30 days advance notice of any increase in the <br />Subscription Fees. By using the Services after the increase in the Subscription Fees becomes effective, Customer agrees <br />to be bound by such new Subscription Fees. FEES AND FEE RATES ARE TO BE CONSIDERED CONFIDENTIAL BY BOTH <br />PARTIES AND NOT TO BE SHARED WITH ANY THIRD PARTY WITHOUT WRITTEN PERMISSION OR AS REQUIRED BY LAW. <br />b. Payment. All Set‐Up Fees, Subscription Fees and other fees due under this Agreement (collectively, “Fees”) are payable <br />in U.S. dollars, unless otherwise specified in writing. Except for the Set‐Up Fee, which shall be paid prior to the <br />performance of Set‐Up, Customer shall pay all Fees and any other amounts set forth on each such invoice issued by <br />Meritage under this Agreement within 30 days of the date of invoice. Fees are payable in advance and are non‐ <br />refundable. In the event that Customer disputes the amount of any Fees, it shall so notify Meritage within the 30‐day <br />payment period. The failure to provide such notice shall be deemed agreement that the Fees are undisputed. <br />6. Confidentiality. <br />a. Obligations. Each party acknowledges that by reason of the relationship created between the parties by this Agreement, <br />it may have access to certain non‐public information of substantial value concerning the other party's business, <br />operations, strategic plans, customers, suppliers, technology, competition and employees. Accordingly, each party as <br />the recipient of Confidential Information (the “Receiving Party”) from the other party (the “Disclosing Party”) will not <br />use any Confidential Information of the Disclosing Party for any purpose other than the providing and receipt of Services <br />under this Agreement. The parties agree the use of the Confidential Information will be in accordance with all terms <br />and conditions of this Agreement. The Receiving Party will not disclose the Confidential Information of the Disclosing <br />Party to any third party except as expressly provided herein and will protect the Disclosing Party’s Confidential <br />Information from unauthorized use, access or disclosure in the same manner as the Receiving Party protects its own <br />confidential or proprietary information of a similar nature and with no less than reasonable care. Either party may <br />disclose the Confidential Information of the other party to the Receiving Party’s employees, subcontractors and advisors <br />who require access to such information for the performance of their obligations, all provided that the employees, <br />subcontractors and/or agents have entered into confidentiality agreements with the Receiving Party that are at least <br />as protective of the Disclosing Party’s Confidential Information as are the terms of this Agreement. The Receiving Party <br />shall be responsible for any disclosure or use of the Disclosing Party’s Confidential Information by or through any <br />employee, subcontractor or agent of the Receiving Party. For the avoidance of doubt, Customer acknowledges that <br />Meritage utilizes the services of certain third parties in connection with the provision of the Services (such as data <br />hosting) and such third parties will have access to Customer’s Confidential Information, subject to compliance with this <br />Section 6. In addition, the Receiving Party will be allowed to disclose Confidential Information of the Disclosing Party to <br />the extent that such disclosure is: (i) approved in writing by the Disclosing Party; (ii) necessary for the Receiving Party <br />to enforce its rights under this Agreement in connection with a legal proceeding; or (iii) required by law or by the order <br />of a court of similar judicial or administrative body, provided that, to the extent permitted by law, the Receiving Party <br />notifies the Disclosing Party of such required disclosure in writing and cooperates with the Disclosing Party, at the <br />Disclosing Party’s reasonable request and expense, in any lawful action to contest or limit the scope of such required <br />disclosure. <br />b. Termination of Obligations. The Receiving Party’s obligations under this Section 6 with respect to maintaining the <br />confidentiality of any Confidential Information of the Disclosing Party will terminate if and when the Receiving Party <br />can document that such information: (a) was already lawfully known to the Receiving Party at the time of disclosure by <br />the Disclosing Party and is not subject to restrictions on disclosure and/or use; (b) is disclosed to the Receiving Party by <br />a third party who had the right to make such disclosure without any confidentiality restrictions; (c) is, or through no <br />fault of the Receiving Party has become, generally available to the public; or (d) is independently developed by the <br />Receiving Party without access to, or use of, the Disclosing Party’s Confidential Information. The restrictions on use of <br />the Disclosing Party’s Confidential Information shall remain in effect for five years subsequent to the earlier of the <br />termination of this Agreement or the date on which the obligation to maintain the Confidentiality of the Disclosing <br />Party’s Confidential Information terminates. <br />c. Return of Confidential Information. The Receiving Party will return to the Disclosing Party or destroy all Confidential <br />Information of the Disclosing Party in the Receiving Party’s possession or control and permanently erase all electronic <br />copies of such Confidential Information promptly upon the written request of the Disclosing Party or the termination <br />of this Agreement, whichever comes first. At the Disclosing Party’s request, the Receiving Party will certify in writing <br />135
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