Versions & Redlining

Global Master Services Agreement · Lexington Dynamics · CTR-992-B

New Contract
Compare
↔
1 added 0 removed 3 modified

Side-by-Side Diff Viewer

v3.3 (Rebecca Hall) → v3.4 (Marcus Thorne)

v3.3 · Base
v3.4 · Target
  • § 1.2Limitation of Liabilitymodified
    Total liability of either party shall not exceed the fees paid in the previous 12 months under this agreement.
    Total liability of either party shall not exceed two (2) times the fees paid in the previous 12 months, with a floor of $1,000,000 for data breach scenarios, under this agreement.
    RH
    Rebecca HallCFO· 1h agoOpen

    2x cap with $1M data-breach floor is the firm position. Don't soften this.

  • § 3.1Data Privacy & GDPRmodified
    Processor shall permit audits upon fourteen (14) days written notice to the processor.
    Processor shall permit audits upon thirty (30) days written notice to the processor.
    PS
    Priya ShahLegal· 2h agoResolved

    14-day notice was below playbook — reverting to 30 days is correct.

  • § 4.2Termination for Conveniencemodified
    Either party may terminate without cause upon thirty (30) days written notice.
    Either party may terminate without cause upon sixty (60) days written notice, subject to CFO approval for contracts exceeding $250,000.
    MT
    Marcus ThorneGeneral Counsel· 30m agoOpen

    Added CFO gate per finance memo from yesterday.

  • § 5.0Payment Termsadded
    — no content —
    All invoices are payable Net 45 from date of receipt. Late payments accrue interest at 1.5% per month.
    YA
    Yusuf AydinSecurity· 20m agoOpen

    Net 45 confirmed against vendor SOC2 attestation.

  • § 2.4Intellectual Propertyunchanged
    All Work Product remains the sole property of the Client upon payment of associated fees.
    All Work Product remains the sole property of the Client upon payment of associated fees.

Tracked Changes

4 changes
  • modified§ 1.2Limitation of Liability
  • modified§ 3.1Data Privacy & GDPR
  • modified§ 4.2Termination for Convenience
  • added§ 5.0Payment Terms