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العربية
CTR-2023-0118IT Managed Services Agreement 2023–2026

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Expiring soonElm Information Security CompanyVerified via WathqCR 7001523390

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Negotiation rounds

3 rounds over 1,136 days · 3 clauses still open

Our teamCounterpartyOpen clauses

  1. GoalSigningZero open clauses3 left to agree
5 words added5 words removed

Version 2Base

Eng. Bandar Al-Harthi · 13 Sept

Version 3Newer

Turki Al-Subaie · 22 Sept

4.Fees and payment

Text changed

The First Party pays a total of SAR 3,900,000 exclusive of VAT; each amount falls due within 15 days of receipt of a valid e-invoice through the Fatoora platform.

The First Party pays a total of SAR 3,900,000 exclusive of VAT; each amount falls due within 30 days of receipt of a valid e-invoice through the Fatoora platform.

5.Confidentiality

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Each party keeps confidential the information it receives for the term and for 2 years after it ends.

Each party keeps confidential the information it receives for the term and for 5 years after it ends.

6.Limitation of liability

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Each party's aggregate liability shall not exceed the amounts paid in six (6) months; the cap does not apply to fraud or a breach of confidentiality.

Each party's aggregate liability shall not exceed the amounts paid in twelve (12) months; the cap does not apply to fraud or a breach of confidentiality.

7.Termination

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Either party may terminate on 30 days' written notice, or at once on a material breach by the other not remedied within thirty (30) days.

Either party may terminate on 45 days' written notice, or at once on a material breach by the other not remedied within thirty (30) days.