58 lines
3.6 KiB
Markdown
58 lines
3.6 KiB
Markdown
# Contract with EverGuard Insurance for Rellm: AI-Powered Enterprise Reinsurance Solution
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**Contract Number:** IG-2023-EG
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**Effective Date:** January 1, 2024
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**Expiration Date:** December 31, 2026
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## Terms
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1. **Parties**: This agreement is made between Insurellm, located at 123 Innovation Drive, Tech City, USA, and EverGuard Insurance, located at 456 Safety Lane, Protectville, USA.
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2. **Product Description**: This contract pertains to the use of the Rellm platform, an AI-powered enterprise reinsurance solution provided by Insurellm. EverGuard Insurance will implement Rellm to enhance its reinsurance operations.
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3. **Payment Terms**: EverGuard Insurance agrees to pay Insurellm a monthly fee of $10,000 for the duration of this contract, covering the Professional Plan features of Rellm, which includes all advanced integrations and priority customer support.
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4. **Usage Rights**: EverGuard Insurance is granted a non-exclusive, non-transferable license to access and use Rellm for the duration of this contract. Unauthorized sharing or distribution is strictly prohibited.
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## Renewal
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1. **Automatic Renewal**: This contract will automatically renew for successive one-year terms unless either party provides written notice of termination at least 60 days prior to the expiration date.
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2. **Price Adjustment**: In the event of a renewal, Insurellm reserves the right to adjust the monthly fee based on market conditions and the value of services offered, with a minimum notice of 30 days.
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## Features
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1. **Core Functionality**: Rellm provides EverGuard Insurance with advanced AI-driven analytics, seamless integrations, and a comprehensive risk assessment module designed to optimize risk management.
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2. **Customizable Dashboard**: Users at EverGuard Insurance will have access to a customizable dashboard that allows them to tailor their experience based on their specific operational metrics.
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3. **Compliance Tools**: The built-in regulatory compliance tools will ensure that EverGuard Insurance meets industry standards while managing its reinsurance practices.
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4. **Client Portal Access**: EverGuard Insurance will have access to both client and broker portals, enhancing communication and collaboration with its partners.
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## Support
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1. **Customer Support**: Insurellm will provide EverGuard Insurance with 24/7 customer support, including live chat, email, and phone assistance for any technical issues or inquiries regarding Rellm.
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2. **Training Services**: Insurellm will provide initial training for EverGuard Insurance staff to ensure proper utilization of Rellm features. Additional training sessions can be scheduled upon request at an agreed fee.
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3. **Updates and Upgrades**: EverGuard Insurance will receive all platform updates and upgrades at no additional cost during the contract term, including enhancements outlined in Insurellm’s 2025-2026 roadmap.
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4. **Feedback Mechanisms**: EverGuard Insurance is encouraged to provide feedback regarding Rellm’s functionalities and any desired features, which will be considered for future updates.
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---
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**Signatures**
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**For Insurellm**: __________________________
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**Name**: John Smith
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**Title**: Chief Operating Officer
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**Date**: _________________
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**For EverGuard Insurance**: __________________________
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**Name**: Sarah Johnson
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**Title**: Chief Executive Officer
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**Date**: _________________
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---
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This contract seeks to foster a strong partnership between Insurellm and EverGuard Insurance, leveraging Rellm to innovate and enhance reinsurance capabilities while ensuring mutual growth and compliance in the ever-evolving insurance landscape. |