By signing the Proposal or purchasing process with Index Infotech (North America) Inc or the Affiliate of Index Infotech (North America) Inc that is named in such Proposal or online flow (together with its Affiliates, “Index Infotech (North America) Inc”), or by accessing or using any Services, such company (“Client”) agrees to be bound by the terms and conditions set forth in this end user license agreement (“Agreement”). Additional defined terms are set forth in Section 10 below.
1. FINANCIAL TERMS.
1.1 Fees and Payment Terms.
Fees for the licensed Services are as specified in the applicable Proposal and, unless stated otherwise therein, are denominated and payable in United States Dollars (USD). Fees are due within thirty (30) days of the invoice date or agreed in the Proposal. Fees for renewal periods, subject to Section 3.5, shall be billed at Index Infotech’s then-current prices. Index Infotech is not responsible for any payment terms that are not expressly stated in this Agreement or the applicable Proposal.
1.2 Suspension for Non-Payment.
In the event any fees not reasonably under dispute remain due and owing by Client more than sixty (60) days after the invoice date, Index Infotech may, without limiting any of its other rights and remedies: (i) suspend, terminate or otherwise limit Client’s access to, or use of, all or any part of the Services, and (ii) require full payment of the overdue amount, and any other outstanding amounts, prior to further performance by Index Infotech.
1.3 Taxes.
Unless otherwise specified in a Proposal, the fees for the Services do not include taxes. The client is responsible for and agrees to pay any country, territorial, residential, federal, state and/or local sales, use, excise, value added, services and other applicable taxes arising out of the Services, other than taxes based on Index Infotech’s net income. Clients shall pay or reimburse Index Infotech for any such taxes and Index Infotech may add any such taxes to invoices submitted to Client. The client shall gross any payments to compensate for any withholding taxes payable. If Client is tax-exempt, Client must provide Index Infotech a copy of its tax exempt certificate prior to execution of the Proposal. Client is responsible for any liability or expense incurred by Index Infotech due to Client’s failure or delay in paying taxes.
2. TERM AND TERMINATION
2.1 Agreement Term.
The term of this Agreement commences on the Effective Date and shall continue in full force and effect until the expiration or termination of all outstanding Proposals (“Term”), unless otherwise terminated earlier as provided hereunder.
2.2 Termination.
Either party may terminate this Agreement, including all Proposals, immediately upon written notice in the event: (i) that the other party commits a non-remediable, material breach of the Agreement, or if the other party fails to cure any remediable material breach, or provide a written plan of cure acceptable to the non-breaching party, within thirty (30) days of initial written notice of such breach; (ii) of institution of bankruptcy, receivership, legal insolvency, reorganization, or other similar proceedings by or against the other party under Applicable Law, if any such proceedings have not been dismissed or discharged within thirty (30) days after they are instituted; or of the legal insolvency of, making of an assignment for the benefit of creditors of, the admittance of any involuntary debts as they mature by, or the institution of any reorganization arrangement or other readjustment of debt plan of either party; or (iii) the other party ceases or threatens to cease to carry on business or becomes unable to pay its debts. Where a party has a right to terminate the Agreement, the terminating party may, at its discretion, terminate the Agreement in whole or only terminate the applicable Proposal. Proposal that are not terminated shall continue in full force and effect under this Agreement.