This Partner Agreement (“Agreement”), effective as of the date Partner accepts the terms in this Agreement (“Effective Date”), is entered into between the Coiled Computing, Inc. (“Coiled”) with its principal place of business at 31812 Paseo Alto Plano, San Juan Capistrano, CA 92675 and the partner accepting the terms of this Agreement (“Partner”). This Agreement contains the terms and conditions upon which Partner may participate in Coiled Partner Programs by entering into one or more Partner Program Agreements that will be governed by the terms of this Agreement.
1. CONFIDENTIALITY. Confidential and proprietary information exchanged hereunder will be treated in accordance with the most recent Mutual Non-Disclosure Agreement between the parties in effect on the Effective Date and any amendments thereto (“Confidentiality Agreement”), which is hereby incorporated by reference. The terms and conditions of this Agreement and the transactions and potential transactions under this Agreement are Confidential Information (as defined in the Confidentiality Agreement). The parties agree that for the purposes of this Agreement, the obligations of confidentiality specified in the Confidentiality Agreement will exist for a period not less than two (2) years following the termination of this Agreement, notwithstanding the earlier termination or expiration of the Confidentiality Agreement; provided that to the extent the Confidential Information disclosed constitutes a trade secret(s) under applicable law, the parties agree to protect such information for so long as it qualifies as a trade secret under applicable law.
2. INTELLECTUAL PROPERTY RIGHTS.
2.1 Each party reserves all intellectual property rights not expressly granted by it to the other party. Other than the limited licenses granted under a Partner Program Agreement, Coiled retains all right, title and interest in the Marketing Materials, the Coiled offerings, and all modifications, extensions, localizations and translations of the Marketing Materials, the Coiled offerings. Except as agreed in a Partner Program Agreement, the rights granted to Partner under this Agreement do not extend to its affiliates or to any other third party.
3. MARKETING AND BRAND FEATURES.
3.1 Marketing. Each party hereby grants to the other party a nonexclusive, nontransferable license to use, copy and supply such party’s Trademarks in accordance with the applicable trademark standards for use. In addition, Coiled hereby grants to Partner a nonexclusive, nontransferable license to use, copy and supply the Marketing Materials to prospective customers. If Partner performs any localization of Marketing Materials, Partner will ensure that the original meaning, quality and intent is preserved in the translation and Coiled shall own all intellectual property rights to such localized Marketing Materials. Partner will provide copies of all localized versions of the Marketing Materials to Coiled prior to distribution. Partner will issue a joint press release with Coiled within forty-five (45) days of the Effective Date and provide suitable quotes from appropriate Partner personnel. Partner will use reasonable efforts to arrange for appropriate personnel to be available to serve as references for the Coiled offerings and Coiled in the event of an inquiry from any member of the press, any industry analysts or any potential customer. Partner will work with Coiled to prepare a case study/reference testimonial about the Coiled offerings.
3.2 Brand Features. Each party will own all right, title and interest to trade names, trademarks, service marks, logos and domain names it secures from time to time (“Brand Features”). Coiled Partner Brand Features (“Partner Brand Features”) shall include the Coiled logo and mark provided to Partner. Subject to the terms and conditions of the Agreement, Coiled grants to Partner a nonexclusive and non-sublicensable license during the term of this Agreement to display Coiled’s Partner Brand Features solely for the purpose of: (a) marketing and promoting the Coiled offerings, and (b) identifying itself as a Coiled partner on its website and marketing materials. Subject to the terms and conditions of the Agreement, Partner grants to Coiled a nonexclusive and non-sublicensable license during the term of this Agreement to display Partner’s Brand Features solely in connection with the applicable partner program. Coiled will be permitted to reference its relationship with Partner on its website, in marketing materials, during discussions with analysts, meetings with the press, customer briefings, or in regulatory filings. Partner agrees to adhere to Coiled’s then-current usage guidelines set forth at https://www.Coiled.com/trademark-policy/. Any goodwill accruing to a party’s Brand Features from use hereunder shall inure to the benefit of the owning party.
4. PAYMENT. All fees will be paid as set forth in the applicable Partner Program Agreement. Unless set forth in the applicable Partner Program Agreement, all payments will be made in U.S dollars without deductions or withholdings. Each party is responsible for the taxes levied upon the delivery or use of the software products and/or taxable services described in this Agreement, unless a valid state sales/use/excise tax exemption certificate or direct pay permit is provided. If Partner is required under any applicable law or regulation, domestic or foreign, to withhold or deduct any portion of the payments due to Coiled, then the sum payable to Coiled will be increased by the amount necessary so that Coiled receives an amount equal to the sum it would have received had no withholdings or deductions been made. Except as otherwise set forth in this Agreement, each party will be responsible for its own fees, costs, expenses or taxes incurred in connection with its performance under this Agreement. Each party will keep complete and accurate books of account for the accurate determination of all payments due under this Agreement and will provide the other party with documentation concerning transactions related to this Agreement within ten (10) days after written request.
5. REPRESENTATIONS AND WARRANTIES.
5.1 Each party represents and warrants that it is an entity duly organized and validly existing under the laws of its jurisdiction of organization and has all requisite corporate power and authority to: (a) execute, deliver and perform this Agreement and any other agreements contemplated by this Agreement; and (b) consummate the transactions contemplated by this Agreement. Each party represents and warrants that this Agreement does not contravene or constitute a default or violation of any provision of law applicable to its business in its performance under this Agreement or any material agreement to which it is a party.
5.2 DISCLAIMER. EXCEPT AS OTHERWISE SET FORTH IN THIS AGREEMENT, THE COILED PARTNER PROGRAMS AND THE COILED PRODUCTS ARE PROVIDED ON AN “AS IS” BASIS AND COILED HEREBY DISCLAIMS ALL ADDITIONAL WARRANTIES OF ANY NATURE, EXPRESS, IMPLIED OR OTHERWISE, OR ARISING FROM TRADE OR CUSTOM, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, NONINFRINGEMENT, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, QUIET ENJOYMENT, OR SYSTEM INTEGRATION. COILED SPECIFICALLY DISCLAIMS ANY WARRANTY THAT USE OF THE COILED PARTNER PROGRAMS AND THE COILED PRODUCTS WILL BE UNINTERRUPTED OR ERROR FREE OR THAT THE RESULTS OF USE WILL MEET PARTNER’S OR ANY CUSTOMERS’ REQUIREMENTS. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY COILED OR ITS AFFILIATES, AGENTS, OR EMPLOYEES WILL CREATE A WARRANTY OR IN ANY WAY INCREASE THE SCOPE OF WARRANTY OR SERVICES OBLIGATIONS PROVIDED HEREIN. NO ACTIONS PERFORMED BY COILED OR ITS EMPLOYEES OR AGENTS WILL CREATE ANY EXTENSION OF SCOPE OF SERVICES TO BE PROVIDED HEREUNDER.
6. LIMITATION OF LIABILITY. IN NO EVENT WILL COILED BE LIABLE FOR ANY LOSS OF DATA, LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, OR OTHER SPECIAL, INCIDENTAL, CONSEQUENTIAL OR INDIRECT DAMAGES ARISING FROM OR IN RELATION TO THIS AGREEMENT, HOWEVER CAUSED AND REGARDLESS OF THE THEORY OF LIABILITY. IN NO EVENT WILL COILED’S AGGREGATE AND CUMMULATIVE LIABILITY FOR ALL CLAIMS ARISING UNDER OR OUT OF THIS AGREEMENT OR OTHERWISE ARISING FROM THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, REGARDLESS OF THE FORM OF ACTION OR THEORY OF LIABILITY (E.G., WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE) EXCEED THE PROVEN DIRECT DAMAGES IN EXCESS OF THE GREATER OF THE AMOUNT PAID UNDER THIS AGREEMENT DURING THE TWLEVE (12) MONTH PERIOD IMMEDITELY PRECEDING THE DATE OF THE CLAIM OR TEN THOUSAND DOLLARS (US$10,000). THE FOREGOING LIMITATIONS, EXCLUSIONS AND DISCLAIMERS ARE AN ALLOCATION OF THE RISK BETWEEN THE PARTIES AND WILL APPLY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EVEN IF ANY REMEDY FAILS IN ITS ESSENTIAL PURPOSE.
7. TERM AND TERMINATION.
7.1 Term.This Agreement will become effective as of the Effective Date and will continue for a period of one (1) year. Thereafter, this Agreement will automatically renew for additional one (1) year periods unless either party provides written notice to the other party at least sixty (60) days prior to the end of the then-current term. The term of each specific Partner Program Agreement will be as set forth in the applicable Partner Program Agreement.
7.2 Termination. This Agreement may be terminated with the prior written consent of both parties. In addition, either party may terminate this Agreement immediately upon giving notice in writing to the other party if the non-terminating party commits a material breach of this Agreement and has failed to cure such breach within thirty (30) days following a request in writing from the notifying party to do so. Each party shall also have the right to terminate this Agreement at any time after the first anniversary of the Effective Date upon notice to the other party if there are no Partner Program Agreements in place between Partner and Coiled.
7.3 Effect of Termination. Upon the expiration or termination of this Agreement, (a) all outstanding amounts owed under this Agreement will become immediately due and payable; (b) Partner will have no further right to market the Coiled offerings; (c) all licenses granted under this Agreement will terminate; (d) Partner will immediately cease using the Coiled offerings and Marketing Materials; (e) Partner will immediately cease using the Coiled Brand Features; and (f) Coiled will immediately cease using any Partner Brand Features. Neither party will be liable to the other for damages, losses, costs or expenses of any kind due to the termination or expiration of this Agreement, including those arising from the loss of prospective sales, any expenses incurred, or investments made in connection with establishing, developing or maintaining either party’s business.
7.4 Survival. Sections 1, 2, 4, 5.2, 6, 7.4, 8 and 9 will survive the expiration or termination of this Agreement.
8. GENERAL. This Agreement does not create or constitute a franchise, joint venture, partnership or other relationship which implies or imposes a fiduciary responsibility to each other or to any third parties. Partner is an independent contractor, and will not hold itself out as, or be deemed to be, an employee, agent or franchisee of the other party. Except as specified in this Agreement, neither party has the right to bind the other party in any manner. This Agreement, including the Program Partner Agreements constitute the complete and exclusive statement of the agreement between the parties, and supersedes all prior agreements, proposals, negotiations and communications between the parties, both oral and written, regarding the subject matter hereof. No waiver, alteration, modification or amendment of any of the provisions of this Agreement will be binding unless made in writing and signed by the duly authorized representatives of each of the parties to this Agreement. This Agreement is solely for the benefit of the parties and their successors and permitted assigns, and unless otherwise specified in this Agreement is not intended to and does not confer any rights or remedies on any other person or entity. This Agreement and any dispute relating to or arising out of this Agreement or its formation or termination or actions or omissions contemplated by this Agreement, will be governed by and in accordance with the laws of New York, without giving effect to the conflict of laws provisions. All disputes arising out of or relating to this Agreement will be submitted to the exclusive jurisdiction of the courts located in New York, and each party irrevocably consents to such personal jurisdiction and waives all objections to such jurisdiction and venue. The parties hereby expressly exclude the application of the U.N. Convention on Contracts for the International Sale of Goods to the Agreement. All rights and remedies, whether conferred by this Agreement or by any other instrument or by law will be cumulative and may be exercised singularly or concurrently. If any provision of this Agreement is held invalid by any law, rule, order, or regulation of any government or by the final determination of any court of competent jurisdiction, such invalidity will not affect the enforceability of any other provisions and such provisions will be interpreted to best accomplish the objectives of such invalid provisions within the limits of applicable law or applicable court decision. This Agreement will be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns; provided, however, that except in the case of a merger or sale of all or substantially all of its assets or stock or the busines unit responsible for this Agreement, neither party may assign this Agreement or its rights or obligations hereunder, in whole or in part, either voluntarily or by operation of law, with the prior written consent of the other party. Neither party will be liable for failure to perform any of its obligations under this Agreement (except payment obligations) when such failure is caused by the occurrence of any contingency beyond the reasonable control of such party. Notices to be given under this Agreement will be in writing, and sent by reputable overnight courier service, to the addresses set forth at the beginning of this Agreement (or to such other addresses as the parties may designate by notice given in accordance with this provision). All such notices will be effective two (2) days after the date sent. Purchase orders will be for the sole purpose of defining quantities, prices and describing the items purchased and fees to be paid under this Agreement and to this extent only are incorporated as a part of this Agreement and all other terms in purchase orders are rejected. This Agreement may be executed in counterparts, each of which will be deemed to be an original, but both of which will constitute one and the same instrument. A signed copy of this Agreement transmitted via facsimile or other electronic transfer will be deemed to be an original.
9. DEFINITIONS. Capitalized terms in this Agreement have the following meanings:
Coiled Partner Programs mean the programs offered by Coiled from time to time to companies offering complementary solutions for the Coiled offerings.
Marketing Materials mean information and materials obtained from Coiled that are not included with Coiled offerings, such as data sheets and sales presentations.
Partner means the entity participating in one or more of the Coiled Partner Programs.
Territory means worldwide, unless otherwise specified by Coiled and except to the extent limited by applicable import and export laws.