The Agreement is legally sound save for the few amendments I have made in it, most of the issues arising are non-legal and pertain to business negotiations between you and Global Vision that I cannot advise on as they pertain to personal decisions based on business experiences and the negotiations between you and Global Vision e.g.
- Subsection 4.5- Annual Business Plan
- Subsection 4.6- Demonstrations
- Subsection 4.7-Software Agreement
- Subsection 4.2 (g)- Marketing
- Section 7- Delivery
- Section 8- Opportunity Registration and Orders
- Section 9- Fees and Payment Terms
- Section 10- Software Support Services
- Subsection 11.1- Reseller Support
- Subsection13.6-Feedback
- Sub-Section 16.5- Effect of Expiration or Termination
- Section 20.1-Audit
I cannot advise you on whether or not you should agree to the contents in the said Sections and other similar Sections. Only you can decide whether or not you want to be bound by those provisions. It is not a legal aspect but a personal and business aspect. If you do not want to be bound, then you may ask that the provisions be deleted or alternatively you may enter into negotiations on how they should be drafted e.g you may limit the time periods or penalty amount in the Sections.
Major points to note in the Agreement include:
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