If a person duly authorized by the legal entity listed below to accept this Agreement completes the form and clicks the “I agree” button at the end of this Agreement, that offer will be accepted by the company on whohalf the form is completed and the “I accept” button will be clicked (“Customer”) and form a binding contract (the “Agreement”), from the date on which the Customer clicks on “I accept” (the “Effective Date”) for a period of one month. This Agreement is not exclusive and either party may terminate this Agreement for any reason immediately upon written notice to the other party. Proof of concept (POC), also known as proof of principle, is the realization of a particular method or idea to demonstrate its feasibility, or a proof of concept for the purpose of verifying whether a concept or theory has practical potential. [Citation required] A proof of concept is usually small and may or may not be complete. Some aspects that must be taken into account when creating a proof-of-concept agreement are: Any other product or service derived from the existing product or service mentioned in the agreement is also the property of the manufacturer and no receiving party has rights to it. Proof of concept is used in various sectors such as science and technology, drug research, hardware, software, manufacturing, etc. evaluate the idea process before the idea is pursued and turned into a complete production. A proof of concept should explain how the product or service is to be used, what goals this idea is to achieve, and what other business requirements there are. If the clause specifies the number of years from the date of performance to the date of validity of the contract, the contract will be terminated immediately after the expiry of the said period. A proof-of-concept agreement can be used when a supplier of goods, services or technology offers samples or access to newly developed technology to assess whether it is operating according to its specifications and delivering the results desired by the customer. The agreement is different from an evaluation contract, which is usually used for complete and ready-to-use software or products.
In most cases, a proof-of-concept contract includes services that help the customer use the service. It can be provided free of charge or with fee waiver. .