Aspiring Minds - Terms and Conditions

    The Aspiring Minds (“AM”) AM Terms and Conditions (the “Terms”) govern the license and use of AM Programs, Products, and Services. Additional or alternative provisions apply for certain purchases and are included (i) in the Additional Provisions applicable to Products or Services purchased (the “Additional Provisions”) or (ii) in the applicable Letter of Agreement or Order (as these terms are defined below) a Company executes to complete its purchase. These Terms, together with any applicable Additional Provisions and the Letter of Agreement or Order, constitute the valid, complete, and binding contract between Company and AM, or its Affiliate (the “Agreement”). If there is any conflict between the Terms and the Additional Provisions, the Additional Provisions shall prevail. If there is any conflict between the Additional Provisions and a Letter of Agreement or Order, the Letter of Agreement or Order shall prevail.

    In these Terms, "AM" means the applicable AM Affiliate when a AM Affiliate enters into a Letter of Agreement or Order.

  1. Definitions
  2. Unless otherwise defined in these Terms, capitalized terms have the following meanings:

    "Affiliate" means any entity which directly or indirectly controls, is controlled by, or is under common control with the subject entity. "Control" means the power, directly or indirectly, to direct or affirmatively cause the direction of the management and policies of an entity, whether through the ownership of voting securities, by contract or otherwise.

    "Benchmarks" mean aggregated data received, collected, analyzed, and maintained by AM and its Affiliates to improve its Programs, Products and/or Services. Benchmarks may be derived from public information, assessment responses, survey data and best practices information that AM and/or its Affiliates receive from their customers/clients.

    "AM" means Aspiring Minds, Inc., with a principal place of business at 323, Udyog Vihar Phase 2, Gurgaon, Haryana, India 122016.

    AM IPR" means all Intellectual Property Rights (i) in and to the AM Property or (ii) otherwise owned by or licensed to AM or its Affiliates by their respective licensors.

    "AM Property" means all of the following without limitation created or owned by AM or its Affiliates, or its licensors, whether pre-existing or independently created during the Term of the Agreement: all Materials, websites, software, tools, URLs and links, universal competency frameworks, databases, designs, algorithms, user interface designs, architecture, class libraries, objects and documentation, network-design, know how, technology and source code and all portions, subsets or derivatives thereof, any improvements, modifications, upgrades or other changes thereto; and any and all derivative works.

    "Company" is an entity that purchases a Program, Product or Service from AM or its Affiliates. In the event the license is extended to such Company’s Affiliates pursuant to the Letter of Agreement, the term “Company” shall include such Affiliates and the provisions of the Letter of Agreement including these Terms shall also apply to Company’s Affiliates.

    "Company Property" means any data, information, or other material provided by or on behalf of Company to AM or its Affiliates; provided, however, Company Property shall not include any AM Property or AM IPR.

    "Confidential Information" means all information, in whatever form, furnished by one party or its Affiliates (the "Disclosing Party") to the other party or its Affiliates, as applicable (the "Receiving Party") orally or in writing and identified as confidential or proprietary at the time of disclosure, or that by its nature should reasonably be assumed to be confidential or proprietary, including, but not limited to: business information; financial information; marketing techniques and materials; business plans and strategies; business operation and systems; pricing policies; information concerning employees, customers, and/or vendors; discoveries; improvements; research; development; know-how; designs; products and services; opportunities; methods and procedures; and equipment, physical materials and manufacturing processes. AM Property and AM IPR are expressly considered Confidential Information.

    “Company Research Information” means Company Property that Company, in its sole discretion, voluntarily provides to AM and/or its Affiliates for the purpose of AM’s general use of such information in AM Materials (e.g. case studies and white papers) that are available through AM’s Programs, Products and/or Services and are intended for use and consumption by AM member companies and clients.

    “Fees” shall mean the fees payable to AM for the Programs, Products and/or Services purchased pursuant to the applicable Letter of Agreement.

    "Intellectual Property Rights" means all patents (including all reissues, divisions, continuations, and extensions thereof) and patent applications, trade names, trademarks, service marks, logos, trade dress, copyrights, trade secrets, mask works, rights in technology, know-how, rights in content (including performance and synchronization rights), unregistered design, or other intellectual property rights that are in each case protected under the laws of any governmental authority, whether or not registered, and all applications, renewals and extensions of the same.

    "Letter of Agreement" means a written agreement between Company and AM or an AM Affiliate describing the Program, Product or Services that Company is purchasing and may be in the form of a Letter of Agreement, an “Order Form”, a statement of work, or a change request, or other similar instrument. These Terms employ “Letter of Agreement” to refer to any of these forms of ordering document.

    “Materials” means any and all documents, information, virtual learning content, research, training manuals, Templates (as defined in Section 2.3.2), technical reports, report formats, research data, selection, assessment and survey content (including survey or test content and scoring protocols), websites, and/or any other materials provided by AM or its Affiliates as part of a Program, Product or Service. AM and its Affiliates reserve the right to update, replace, delete or modify Materials from time to time in their discretion. For avoidance of doubt, Configured Deliverables are not Materials.

    “Order” means a written agreement between Company and AM or an AM Affiliate describing the Program, Products and/or Services that Company is purchasing and may be in the form of a Letter of Agreement, an “Order Form”, a statement of work, or a change request, or other similar instrument.

    "Product” means the AM or AM Affiliate products included in a Letter of Agreement.

    “Program” means the combination of Products and Services provided as a predefined offering under a Letter of Agreement.

    “Services" means the services described in the applicable Letter of Agreement provided by AM or one of its Affiliates.

    “Subscription Period” means the period of time that commences on the start date and ends on the end date as set forth in a Letter of Agreement for the access to or use of particular Programs, Products, and/or Services.

    “Term of Agreement” means the Subscription Period, Services term, or other period of time set forth in a Letter of Agreement during which (i) Company has the right to use the purchased Programs, Products, and/or Services or (ii) AM is performing Services in accordance with Company’s purchase.

  3. 1. Purchase and Fees
  4. 1.1 Letter of Agreement. Each Letter of Agreement shall be subject to these Terms unless otherwise agreed in writing and will contain: (i) the Programs, Products and/or Services purchased by Company from AM or its Affiliate, (ii) the applicable license, (iii) the Fees and payment schedule, (iv) the Term of the Agreement, and (v) any additional or alternative applicable provisions. Upon Company’s signature of a Letter of Agreement, Company’s purchase of AM Programs, Products, and/or Services will be accepted by AM on the earliest of: (a) the date Company is provided access to the Programs, Products, and/or Services in accordance with the Term of the Agreement Company has with AM (even if Company does not access such Programs, Products, and/or Services); (b) the first invoice date as set forth in the Letter of Agreement; or (c) if applicable, the date the Letter of Agreement is countersigned by AM. All Programs, Products, and/or Services are deemed accepted upon delivery unless otherwise stated in the Letter of Agreement. For certain Programs, Products and/or Services, electronic or phone purchases may be agreed between the parties and will be deemed to be Letters of Agreement and subject to these Terms.

    1.2 Fees. Company shall pay all Fees as specified in the Letter of Agreement. Unless otherwise stated in the Letter of Agreement, (i) Fees are quoted and payable in United States dollars; (ii) Fees are based on Programs, Products and/or Services purchased and not actual usage; and (iii) with the exception of termination for Cause by Company, or as may otherwise be stated in the Letter of Agreement, all Programs, Products and Services are non-cancellable and all Fees are non-refundable.

    Consulting services Fees are estimated based on the time spent. AM defines a “work day” as being a maximum of 8 hours during normal working hours for the location where the Services are performed. Other rates may apply for work performed outside a work day. Unless expressly stated in a Letter of Agreement, consulting services Fees do not include travel, subsistence, courier, car travel and other expenses and will be charged to Company at cost.

    1.3 Invoicing. Unless otherwise stated in the Letter of Agreement, AM will deliver an invoice to Company for the full amount of the Fees, and such invoice shall be due and payable by Company within thirty (30) days of receipt. If any portion of an invoice is disputed, Company will pay the undisputed amounts, and the parties will reconcile the disputed amount in good faith as soon as possible. Late payments will bear interest at a rate of 1.5% per month, or, if lower, the maximum rate allowed by law.

    1.4 Taxes. All fees are exclusive of taxes, levies, and duties imposed by any governmental or taxing authorities. Company shall pay all sales, use, duties, and other taxes including, without limitation, Value Added Taxes (VAT) or Goods and Services Taxes (GST) that are lawfully imposed (and for which no exemption is available), and if AM pays any such taxes on behalf of Company, then Company shall reimburse AM for such payments. AM shall pay all taxes that are based on, or measured by, AM’s (i) gross or net income or gross or net receipts (including any capital gains taxes or minimum taxes), or (ii) capital, doing business, excess profits, net worth, or franchise taxes. If Company is required to withhold and pay any withholding tax on any amount payable to AM under the Letter of Agreement, then Company will deliver to AM the original tax receipt or other proof of payment. Upon request, each party shall provide reasonable support and shall execute and deliver any documents that the other party deems necessary or desirable in connection with any exemption or reduction of, or the contestation of or the defense against, any taxes.

    1.5 Set-Off. Company shall not be entitled to set-off against any rights of AM, unless (i) AM has confirmed those alleged counter-claims in writing or (ii) they are not being disputed by AM within six weeks after being alleged in writing and received by AM or (iii) a counter-claim is being held to exist and to be enforceable by a final judgment or arbitration award against AM. AM Invoices can only be disputed within four weeks after receipt

  5. 2. Ownership and Intellectual Property
  6. 2.1 Company Property. Company shall retain exclusive ownership of all rights, title and interest in and to all Company Property provided to AM.

    2.2 AM Property. Company acknowledges and agrees that AM and its Affiliates or its licensors, as the case may be, shall retain exclusive ownership of all rights, title and interest in and to all AM Property and AM IPR. Company acknowledges that its use of the AM Property and AM IPR will not vest in Company any right, title or interest in or to the AM Property or AM IPR, other than the limited license rights granted under these Terms or a Letter of Agreement and all Intellectual Property Rights arising from such uses will be owned by AM and its Affiliates or their respective licensors. The Company warrants and represents that: it will not at any time (i) challenge (a) AM’s and/or its Affiliates’ rights, title and interests in and to the AM Property or the AM IPR, or (b) the validity of any AM IPR or (ii) take any action or engage in any inaction which would impair or tend to impair the AM IPR.

    2.3 Licenses.

    2.3.1 Programs, Products, Services and/or Materials. The license applicable to particular Programs, Products, Services and/or Materials shall be set forth in a Letter of Agreement or the Additional Provisions. If a license provision is not included in the Letter of Agreement or otherwise stated in the Additional Provisions, the following default provision shall apply:

    During the Term of the Agreement, AM grants Company (or a specified number of users) a non-exclusive, royalty-free, worldwide, revocable (for non-payment of Fees or breach), non-transferable and non-assignable license to access, use, reproduce and distribute the Programs, Products, Services and/or Materials solely for Company’s internal business purposes.

    Neither Company nor any individual user may sublicense, sell, transfer, assign to, display or otherwise make available (by sharing passwords or by any other means) the Programs, Products, Services and/or Materials to any third party (including (i) a Company service provider, independent contractor, consultant or subcontractor, or any (ii) other Company divisions or Company Affiliates to which the license has not been extended under the Letter of Agreement) without AM’s written permission, and any attempted sublicense, sale, transfer or assignment shall be void.

    2.3.2 Templates. Certain Programs, Products or Services include access to documents, tools, presentations or templates that are specifically designed to be downloaded and edited by Company for its particular internal business purposes (collectively, “Templates”). Templates are AM Property. Company may continue to use the resulting document from its download and editing of the Template after the Term of the Agreement. AM grants to Company a perpetual, non-exclusive, royalty-free, worldwide, non-transferable and non-assignable license to use Templates downloaded and edited during the Term of the Agreement for Company’s internal business purposes.

    2.4 Configured Deliverables. AM or its Affiliates may create and/or provide deliverables to Company pursuant to the specific requirements set forth in the Letter of Agreement and are for Company’s sole use and are not for use by any other AM client (“Configured Deliverables”).

    Upon full and final payment of any Fees, Company will own Configured Deliverables subject to the following: (i) AM shall retain exclusive ownership of all rights, title and interest in and to all AM Property and AM IPR incorporated in the Configured Deliverables, and (ii) unless otherwise agreed to in the Letter of Agreement or Additional Provisions, the Configured Deliverables shall be used for Company’s internal business use only and may not be shared with any third party without AM’s prior written consent. AM grants to Company a perpetual, non-exclusive, royalty-free, worldwide, non-transferable and non-assignable license to use the AM Property and AM IPR incorporated into any Configured Deliverables to the extent necessary to allow the Company to enjoy the benefit of the Configured Deliverables; provided, however, that Company acknowledges that its access to any online systems on which Configured Deliverables are delivered is limited to the Term of Agreement or such other term agreed to in the Letter of Agreement.

    2.5 Company Responsibilities

    2.5.1 User Compliance. Company is responsible for: (i) protecting against any unauthorized access to or use of, and (ii) compliance of those individuals allowed to access or use, the Programs, Products, Services, Materials and/or Configured Deliverables. Company shall notify AM promptly of any unauthorized access to or use of the Programs, Products, Services, Materials and/or Configured Deliverables. Company shall ensure that it and those individuals allowed to access or use the Programs, Products, Services, Materials and/or Configured Deliverables refrain from using the same in a manner that is libelous, defamatory, obscene, infringing or illegal, or otherwise abusing the material in any manner.

    2.5.2 License to Company Research Information. If Company voluntarily discloses Company Research Information to AM, Company grants AM and its Affiliates a permanent and irrevocable, perpetual, worldwide, freely assignable and transferable, royalty-free license to use Company Research Information. Such license includes, without limitation (unless otherwise agreed to by the parties at the time of disclosure), the right to display, perform, sublicense, distribute, prepare derivative works based upon, copy, and use such Company Research Information, including any portions, subsets and derivatives thereof. This license applies to the distribution of Company Research Information (to the extent incorporated into AM’s Programs, Products, Services and/or Materials) in any form, medium, or technology now known or later developed. AM or its Affiliates will own any derivative works prepared or created by AM or its Affiliates, as applicable.

    2.5.3 Feedback. Company acknowledges and agrees that any suggestions, enhancement requests, recommendations, or other feedback (collectively, "Feedback") provided by Company or any of its users to AM may be incorporated by AM or its Affiliates into its Programs, Products, Services and/or Materials, and shall be considered AM Property. Company agrees to assign, and hereby assigns to AM all right, title and interest throughout the world in and to all Feedback including the Intellectual Property Rights in the Feedback, and shall assist AM, at no cost to Company, to obtain and maintain for AM such Intellectual Property Rights. Company shall sign or, as applicable, cause its users and related persons to sign such instruments as AM deems reasonably necessary for AM to obtain and maintain such Intellectual Property Rights.

    2.5.4 Research Data and Benchmarking. Notwithstanding anything in these Terms or any Letter of Agreement to the contrary, Company authorizes AM and its Affiliates to use Company Property disclosed through surveys, assessments, or provided by Company to AM or its Affiliates (through software or other data collection activities) for assessment validation, research and benchmarking purposes and product development (collectively “Research Data”) including creating or updating Benchmarks. AM or its Affiliates will (i) only use, aggregate and present the Research Data or Benchmarks in an anonymous form and (ii) not include (directly or by inference) any information identifying Company or any identifiable individual as the source of such data in the Research Data or Benchmarks. AM and its Affiliates are bound by ethical guidelines and data protection laws in the use of all data. Access to any Research Data will be restricted to only those individuals directly involved in research supporting or related to AM Programs, Products and/or Services.

    2.5.5 Right to Audit. During the term of this Agreement and for a period of one (1) year following its termination or expiration, AM reserves the right to audit Company upon reasonable written notice to verify compliance with this Agreement. Company shall maintain and make available to AM accurate records to permit AM or an independent auditor retained by AM to verify Company’s compliance with the terms and requirements of this Agreement.

  7. 3. Data Protection
  8. Both parties shall at all times comply with all applicable laws and regulations in relation to the collection, processing, use, and storage of personal data.

  9. 4. Indemnification
  10. 4.1 Company and AM (each, the "Indemnifying Party") agree to indemnify and defend the other party, its officers, directors, and employees (each, an "Indemnified Party"), from and against any and all loss, damage, and expense, including reasonable legal fees and expenses ("Losses"), incurred by the Indemnified Party as a result of any third party claim, demand, action or proceeding ("Claim"), directly and proximately arising from or by reason of any actual or alleged infringement of any Intellectual Property Rights arising out of any AM Property or Company Property supplied to the Indemnified Party by the Indemnifying Party. This indemnification obligation is provisional on the Indemnified Party: (i) providing the Indemnifying Party prompt written notice of any Claim, or upon reasonable suspicion of a Claim, (ii) cooperating with the Indemnifying Party’s reasonable request for information or other assistance, (iii) granting control of the defense and settlement of the Claim to the Indemnifying Party, and (iv) not settling or making any offer to settle the Claim or make any admission of guilt or fault without first obtaining the Indemnifying Party’s prior written approval.

    4.2 To the extent that AM or its Affiliate is the Indemnifying Party under Section 4.1, such provision shall not apply to (i) Company's misuse of AM Property provided by AM or its Affiliates, (ii) Company's use of AM Property in combination with any product or information not provided by AM or its Affiliates, or (iii) Company's utilization of AM Property in a manner not contemplated by these Terms or any Letter of Agreement, in each case, whether or not with AM's or its Affiliates’ consent. The provisions of this section shall also apply to Company’s Affiliates.

    4.3 In the event that any AM Property or Company Property, as applicable, become or are, in the Indemnifying Party’s opinion, likely to become the subject of an infringement claim, or use of AM Property or Company Property is enjoined, or in the Indemnifying Party’s opinion, likely to be enjoined, then, at the Indemnifying party’s election, the Indemnified Party will allow the Indemnifying Party to either obtain for the Indemnified Party the right to continue using the affected material, replace it, modify it so it becomes non-infringing, or, in the case of AM as the Indemnifying Party (and at AM’s sole discretion), terminate the applicable Letter of Agreement by written notice to Company, require Company to cease use of AM Property, and refund to Company the amount(s) paid to AM under the applicable Letter of Agreement prorated for the amount of time left in the Term of the Agreement for which the applicable AM Property is no longer available.

    4.4 This section shall constitute a party’s sole and exclusive remedy at law in connection with any Claim brought against such party by a third party alleging actual or alleged infringement of any Intellectual Property Rights.

    4.5 Company shall indemnify and defend AM, and its Affiliates, and each of their respective directors, officers, and employees (each a “AM Indemnified Party”) from and against any Losses incurred by the AM Indemnified Party as a result of any Claim (other than Claims for infringement of Intellectual Property Rights which are addressed in Section 4.1) that arises out of or relates to any Company Property provided by Company to AM.

  11. 5. Limitations of Liability
  12. 5.1 Neither party shall be liable for any of the following losses or damages (whether or not foreseen, direct, indirect, foreseeable, known or otherwise): (i) loss of profits (whether actual or anticipated), (ii) loss of revenue, (iii) loss of contracts, (iv) loss of anticipated savings, (v) loss of business, (vi) loss of opportunity, (vii) loss of goodwill, or (viii) any indirect, special or consequential loss or damage. Notwithstanding the foregoing, nothing shall limit AM’s or its Affiliates’ or their respective licensors’ rights to damages arising from any infringement or misappropriation of AM IPR, regardless of whether such infringement or misappropriation arises in connection with these Terms or any Letter of Agreement.

    5.2 AM’s and its Affiliates’ total aggregate liability arising out of or in connection with the performance or contemplated performance under the applicable Letter of Agreement (whether for tort (including negligence), breach of contract, breach of statutory duty or otherwise) shall in no event exceed the price paid or payable by Company to AM or its Affiliates under such Letter of Agreement within the 12 month period immediately before the date of the event giving rise to Company’s claim.

    5.3 Nothing contained in these Terms or any Letter of Agreement shall exclude or limit either party’s liability for (i) death or personal injury caused by its or its Affiliate’s negligence, (ii) fraud or fraudulent misrepresentation, or (iii) any other matter for which it would be prohibited by applicable law to limit or exclude or attempt to limit or exclude liability. In all such cases, a party’s liability shall be limited to the greatest extent permitted by applicable law.

    5.4 Delivery via Online Systems: Access to Programs, Products, Services, Materials and/or Configured Deliverables delivered via online systems is dependent on third parties, such as internet service providers. AM will have no liability to Company for any losses Company suffers resulting directly or indirectly from: (i) failures of performance on the part of AM’s internet service provider; (ii) failure of Company’s equipment or, in the event the Services include AM Talent Assessment services, those of Company’s candidate(s) or third parties; (iii) reasons related to AM’s provision of system upgrades or maintenance; (iv) any security breach of AM’s system unless such breach is shown to be the result of AM’s negligence; or (v) inability to access the AM online system in any one country due exclusively to AM’s software or hardware for any period not exceeding (a) ten (10) consecutive hours or (b) an aggregate of more than twenty-four (24) hours in any calendar month.

  13. 6. Confidential Information
  14. 6.1 Each party agrees not to use and/or disclose Confidential Information received from the other party except as allowed under these Terms or otherwise set forth in a Letter of Agreement.

    6.2 Each party will not disclose Confidential Information to any third party, other than to its directors, officers, and employees under a duty of confidentiality, without the other party’s prior written consent. Each party shall maintain the Confidential Information of the other party in confidence using at least the same degree of care as it employs in maintaining in confidence its own proprietary and confidential information, but in no event less than a reasonable degree of care. AM shall be allowed to disclose Confidential Information to its Affiliates, consultants, vendors or subcontractors who are necessary to provide Programs, Products, and/or Services to Company, provided that any such Affiliates, consultants, vendors or subcontractors are bound by confidentiality obligations at least as restrictive as those contained in these Terms.

    6.3 The confidentiality obligations of each party shall continue in force and survive the termination or expiration of the Term of this Agreement for a period of three (3) years following such termination or expiration. The confidentiality obligations with respect to any Confidential Information subject to trade secret protection will continue indefinitely.

    6.4 The Disclosing Party grants no license under any copyright, patent, trademark or trade secret by the disclosure of the Confidential Information. The parties understand and acknowledge that any and all Confidential Information is being provided by the Disclosing Party without any representation or warranty, express or implied, as to the accuracy or completeness of such Confidential Information.

    6.5 Confidential Information shall not include information which (i) was already known by the Receiving Party at the time of the disclosure by the Disclosing Party, (ii) shall have otherwise become publicly available other than as a result of disclosure by the Receiving Party in breach of these Terms, (iii) was disclosed to the Receiving Party on a non-confidential basis from a third party source other than the Disclosing Party, which the Receiving Party reasonably believes is not prohibited from disclosing such information as a result of an obligation in favor of the Disclosing Party, (iv) is developed by the Receiving Party independently of any disclosure of such information made by the Disclosing Party, or (v) is required to be disclosed by order of a court of competent jurisdiction, or by subpoena, summons or any other legal process, or by applicable professional standards; provided that, in the event that the Receiving Party is ordered by a court of competent jurisdiction, administrative agency or governmental body to disclose any Confidential Information, the Receiving Party shall (a) so long as legally permissible, promptly notify the Disclosing Party of such order and (b) at the written request of the Disclosing Party, diligently contest such order at the sole expense of the Disclosing Party as expenses occur.

    6.6 Confidentiality of Survey Responses. Company and AM agree that neither party will breach any promises of confidentiality made to any survey or assessment candidate or participant. Company shall not ask or induce others to ask AM to provide any data, including survey or assessment responses, to Company or any third parties in violation of confidentiality notices presented to candidates or participants.

  15. 7. Termination
  16. 7.1 General. With the exception of termination for Cause (defined below), or as may otherwise be stated in a Letter of Agreement, Company may not terminate the Letter of Agreement and, except as otherwise stated the Letter of Agreement, any Fee paid or payable by Company are not refundable or cancellable.

    7.2 Termination for Cause. Either party may terminate a Letter of Agreement for “Cause” if the other party: (a) becomes or is likely to become insolvent or enters into administration or bankruptcy or (b) materially breaches any provision of an Agreement between the parties (which, in the case of Company, shall include failure to pay any undisputed Fees) and (i) either the breach cannot be cured or, (ii) if the breach is capable of being cured, it is not cured by the breaching party within thirty (30) days after the breaching party’s receipt of written notice of such breach by the non-breaching party (stating the specific nature of the breach). Termination for Cause shall not relieve Company of the obligation to pay any undisputed Fees accrued or payable to AM in connection with the Letter of Agreement prior to the effective date of termination. Such termination will be without prejudice to any rights or remedies of either party which may have accrued up to the date of termination.

    7.3 Effect of Termination. Except as otherwise provided in the Letter of Agreement, upon expiration of the applicable Term of the Agreement Company has with AM for any Programs, Products and/or Services, or any termination of the Letter of Agreement, or portion thereof: (i) all licenses granted by AM pursuant to the Letter of Agreement or Section 2.3.1 of these Terms shall immediately terminate and (ii) Company shall immediately cease use of the Services, Products, Programs and/or Materials, in each case for such Programs, Products, and/or Services, or that portion thereof, for which such Term of Agreement has expired or the Letter of Agreement has been terminated. AM reserves the right to charge Company for continued use of its Programs, Products, or Services after the expiration or termination of the Company’s Agreement with AM.

  17. 8. Consulting Services
  18. Company may purchase Services as certain consulting services on a stand-alone basis or in conjunction with a Product purchase. Letters of Agreement will specify timelines for the Products or Services ordered. Dates for Product delivery or Service performance agreed to in a Letter of Agreement are conditional upon Company’s timely completion of its obligations, including but not limited to, provision of necessary information and approval of documentation. Company or its agents will provide reasonable assistance to AM that is required to facilitate delivery of Products and/or Services to Company. Delays caused by Company’s failure to meet its obligations in a timely manner will be at Company’s cost and expense, and subsequent delivery or performance dates will be adjusted accordingly proportionate to the delay. Unless expressly stated in the Letter of Agreement, time shall not be of the essence in AM’s delivery or performance under the Letter of Agreement. AM will not be liable in the event that AM is not able to deliver the Product or complete the Services due to Company’s non-performance. After written notice to Company of any Company delays that prevent AM from performing its obligations and after a reasonable time to cure, AM will be deemed to have delivered the Products or Services in full satisfaction of its obligations.

    If Company fails to meet its obligations or timelines as agreed in a Letter of Agreement or wishes to cancel or postpone the agreed dates for Product or Services delivery, AM may incur costs for such delay, cancellation or postponement. The parties may enter a change request to modify or amend the Letter of Agreement and agree on any additional charges. Unless otherwise agreed in the Letter of Agreement, cancellation fees for cancellation of Services are 100% of the agreed Fees if cancelled after the Services commence or with less than one week’s notice. The cancellation fees are 50% if cancelled with less than two weeks’ notice and 25% with less than three weeks’ notice.

  19. 9. Marketing
  20. Company permits AM and its Affiliates, as applicable, to use Company’s name and logo for their internal and external customer lists and other marketing materials. In addition, if Company discloses Company Property to AM or its Affiliates for specific inclusion in materials or for the joint development of a case study or other research, AM or its Affiliates may attribute such information with Company’s name and logo. AM may use Company’s plain text name as required in any public reporting or regulatory documents.

  21. 10. WARRANTIES
  22. 10.1 AM Warranties. AM represents and warrants that its Programs and Products will materially conform to the specifications describing such Programs and Products and that it will perform the Services in good faith and in a professional manner. During the Subscription Period, if Company reasonably demonstrates that there is a defect in the materials or workmanship of the Programs or Products and/or the Services have not been performed with reasonable care and skill in accordance with good industry practice, AM will: (a) repair or make good such defect at no charge to Company; or (b) replace such Programs or Products and/or re-perform such Services; or (c) issue a credit to Company for a pro-rata portion of the fees for such affected Programs, Products and/or Services as appropriate.

    10.2 Company Warranties. Company represents and warrants that it: (a) owns or has the right to provide to AM all Company Property; (b) will not copy, reproduce, modify or adapt, translate, disassemble or, reverse engineer, create derivative works from, frame, mirror, republish, download, display, transmit, or distribute all or any portion of the Programs, Products, Services, and/or Materials (as applicable) in any form or media or by any means, except as permitted under the Agreement between the parties; (c) will not cause confusion, deception or false associations with programs, products and/or services that are not Programs, Products and/or Services including without limitation preparing materials that are identical with, or confusingly similar to AM Property; and (d) will use the Programs, Products, Services, and/or Materials in compliance with all relevant laws, procedures or applicable guidelines.

    10.3 DISCLAIMER OF WARRANTIES. AM AND EACH OF ITS AFFILIATES PROVIDES THE PROGRAMS, PRODUCTS, SERVICES, MATERIALS, AND/OR CONFIGURED DELIVERABLES “AS IS” AND DISCLAIMS, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ALL WARRANTIES FOR PROGRAMS, PRODUCTS, SERVICES, MATERIALS, AND/OR CONFIGURED DELIVERABLES PROVIDED BY AM OR ANY OF ITS AFFILIATES, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. AM AND ITS AFFILIATES DO NOT WARRANT OR GUARANTEE THAT COMPANY WILL REALIZE ANY RESULTS BY VIRTUE OF THE USE OF THE PROVIDED PROGRAMS, PRODUCTS, SERVICES, MATERIALS, AND/OR CONFIGURED DELIVERABLES. THIS DISCLAIMER IS INTEGRAL TO ESTABLISHING PRICING AND CONSTITUTES AN ESSENTIAL PART OF THESE TERMS. WITH RESPECT TO ANY AM ONLINE SERVICES, AM DOES NOT WARRANT OR GUARANTEE COMPANY’S USE OF ANY AM ONLINE SERVICES WILL BE FREE FROM ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION, TECHNICAL INACCURACIES, VIRUSES OR OTHER HARMFUL CODE. NOTWITHSTANDING ANYTHING IN THE AGREEMENT BETWEEN THE PARTIES TO THE CONTRARY, AM SHALL NOT BE LIABLE FOR ANY DAMAGES INCURRED BY OR ARISING AS A RESULT OF RELIANCE BY COMPANY UPON THE MATERIALS OR CONFIGURED DELIVERABLES AND INFORMATION PROVIDED THROUGH THE ONLINE SERVICES.

  23. 11. General
  24. 11.1 Compliance with Laws. Each party will comply with all applicable laws of the countries where it operates, including all securities, anti-corruption, and anti-bribery laws, and with the US Foreign Corrupt Practices Act and the UK Bribery Act. Any breach of this section is a material breach of these Terms and any applicable Letter of Agreement for which no cure period shall apply.

    11.2 Governing Law. This Agreement will be governed and construed in accordance with the laws of the State of Delaware, excluding its choice of law principles, and the parties agree to submit to jurisdiction of courts located in the State of Delaware to resolve all disputes.

    11.3 Equitable Relief. Each party agrees that a breach by such party of the obligations in the Agreement between the parties, may result in irreparable harm to the other party for which monetary damages would be an inadequate remedy. Consequently, in the event of a breach, or threatened breach, of any such obligations in the Agreement between the parties, the non-breaching party shall be entitled, without the requirement of posting a bond or other security, to seek equitable relief (including injunctive relief and specific performance) in addition to any and all other rights and remedies that may be available to it in respect of such breach.

    11.4 Third Party Beneficiaries. These Terms and any applicable Letter of Agreement shall not confer any rights or remedies upon any third party, except Aspiring Minds, Inc. shall be an express third party beneficiary of these Terms and any Letter of Agreement to which any of its Affiliates is a party, with full power to enforce such Affiliate’s rights thereunder. Nothing in these Terms will create, or be deemed to create a partnership or joint venture or relationship of employer and employee or principal and agent between the parties.

    11.5 Force Majeure. Neither party will have any liability to the other if the affected party does not fulfil its obligations to the other due to an event outside the affected party’s reasonable control.

    11.6 Notice. Notice under this Agreement will be in writing and delivered by registered post or other carrier providing a receipt to the address to AM or to the Company address stated in the Letter of Agreement.

    11.7 Severability/Waiver. Any provision of the Agreement held to be invalid under the applicable law, will not affect the validity of the remaining terms of the Agreement. Failure to enforce the Agreement does not waive a party’s right under the Agreement.

    11.8 Entire Agreement. The Agreement between the parties sets out the entire agreement between the parties and overrides any prior correspondence or representations, and all other terms and conditions, including without limitation any other terms contained within a purchase order or any document supplied by Company to AM. The parties acknowledge that this Agreement has not been entered into in part or whole in reliance on any warranty, statement, promise or representation by the other party, except as set out in this Agreement.

    11.9 Assignment. Neither party will assign or otherwise transfer its rights or responsibilities under the Agreement to any third party without the other party's prior written consent, except that AM may assign or otherwise transfer its rights and obligations to (i) any AM Affiliate provided that AM and the relevant AM Affiliate will remain at all times responsible to Company for AM's obligations under the Agreement; or (ii) in connection with a sale or other disposition of substantially all the assets of any of AM’s business or product lines.

    11.10 Updates. AM may from time to time make reasonable updates to these Terms.

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