Summary of Terms and Conditions
Payment Terms and Penalties:
Payments are due within 30 days of invoicing.
Late payments accrue interest at 1.5% per month or the maximum rate permitted by law.
Clients cover legal fees and costs if action is needed to collect debts.
Warranty Limitation:
Services are provided "as is" with no warranties, including merchantability or fitness for a particular purpose.
Limitation of Liability:
Liability is capped at the amount paid under the agreement.
Consultants are not liable for indirect, incidental, special, or consequential damages.
Purpose Limitation and Third-Party Reliance:
Services are exclusively for MVNO Worx; third parties should not rely on the provided services or deliverables.
Indemnification:
MVNO Worx will defend and indemnify the consultants against claims related to the use of deliverables, except in cases of gross negligence or misconduct by the consultants.
Confidentiality Agreement:
Both parties must keep the information exchanged confidential during and after the engagement.
Force Majeure Clause:
Neither party is liable for delays or failures due to events beyond their control; affected parties are granted an extension to fulfill obligation
Dispute Resolution:
Disputes will first go through negotiations, then mediation, and if necessary, arbitration under the American Arbitration Association in Baltimore, Maryland.
Termination Clause:
The agreement can be terminated with 30 days' notice, or immediately if there is a material breach. Compensation will be provided for services rendered up to termination.
Deliverable Acceptance Criteria:
Deliverables are accepted unless deficiencies are reported within 10 business days; consultants have a chance to correct these issues within a reasonable timeframe.
Governing Law:
The agreement is governed by the laws of the State of Maryland, USA.
Entire Agreement:
This document is the complete agreement between the parties; changes must be made in writing.
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