This clause contains the definitions of all the different terms that apply exclusively to the agreement. This clause is necessary for a clear definition and understanding of certain specific words that apply exclusively to the agreement. This clause also defines the scope of certain terms, which can subsequently lead to ambiguity and uncertainty. While this generic definition may vary by product, industry, and other factors, PoC can help verify the feasibility of a concept before it goes into production. Factors such as the market of a product, the best production processes, etc. are not included. 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 typically used for ready-to-use and comprehensive 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 a fee waiver. This clause is usually the first clause of the agreement as it contains the definitions of the words mentioned later in the agreement so that the reader can clearly understand in what sense the terms were used and whether they contain or exclude special meanings.

Here are some things to consider when creating a proof-of-concept contract: The “termination clause” is an important clause in any form of legal agreement that allows for termination or termination of the contract in certain circumstances or in the event of a breach of obligations. The termination clause is usually placed with the agreement on the general conditions. Proof of concept (“PoC”) can also be called “proof of principle”, it can be explained as an achievement of a particular method/idea in the sense of demonstrating or determining its feasibility or determination or proof of principle, with the aim of verifying whether the particular concept or theory of the agenda has some practical potential. This clause contains all the details of the product/service for which the contract was performed. The performance clause differs from one sector to another, as different types of products with different characteristics and different results are produced by these sectors. 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 at the end of the said period. IMPORTANT: DO NOT RUN THE PROOF OF CONCEPT PROFESSIONAL SERVICES ORDER FORM UNTIL YOU HAVE READ THIS PROOF OF CONCEPT PROFESSIONAL SERVICES AGREEMENT. This is an agreement between you (“Customer”) and Pitney Bowes Software Inc.

or its affiliate specified in the Proof of Concept Professional Services Order Form (“PBSI”). By completing the proof-of-concept professional service order form, you agree to be bound by the terms and conditions set forth herein (the “Agreement”). IF YOU ARE NOT WILLING TO BE BOUND BY THIS AGREEMENT, DO NOT COMPLETE THE PROOF OF CONCEPT PROFESSIONAL SERVICES ORDER FORM. 2. ServicesWhat should the Provider do?+ Provide access to technology or the provision of samples+ Provide services (as defined in the Agreement or a separate service description)What must the Customer do?+ Provide content or other materials for processing+ Provide feedback+ License derivative works and commentsWhat can the Provider do?+ Terminate the contract with notice period+ Anonymized statistical data and data from Performance The ownership clause is one of the most important clauses of the proof-of-concept agreement and it is essential for the agreement. This clause states that, notwithstanding what is mentioned in another clause, the rights in the product or service mentioned in the contract belong to its manufacturer. “Services” means the proof-of-concept services to be provided by PBSI as described in the PSOF; An important aspect to keep in mind is that poC does not focus on results, but on the feasibility of a project. The intent of a proof of concept is not to examine market demand for the idea, nor to determine the most efficient production techniques. Rather, the focus is on testing whether the idea is practical in nature – and giving staff involved in the proof-of-concept exercise the opportunity to explore the potential for developing or building the idea.

Proof of concept is used in various sectors such as science and technology, drug discovery, hardware, software, manufacturing, etc. evaluate the idea process before the idea is pursued and converted into mass production. A proof of concept should explain how the product or service is to be used, what goals this idea is supposed to achieve, what other business requirements exist. A confidentiality clause is usually included in every contract and is practically other provisions. Most confidentiality clauses contain obligations for both parties to assign the agreement or disclose the information to third parties. Confidential information is very sensitive information and if made public, it would result in a significant loss that must be borne by the organization. The general performance clause answers all these questions relating to the product or service mentioned in the contract. If there is information that applies exclusively to a particular product or service, this will also be indicated in this clause itself. This clause determines the validity of the agreement.

The period during which the proof-of-concept agreement is to be executed or remain active. This clause specifies the exact dates of entry into force of the agreement and when the agreement is to be terminated or terminated. This clause ensures that both parties to the agreement are sufficiently competent to conclude an agreement. This clause ensures that the invention was created by professionals trained in accordance with applicable laws and if incidents or accidents occur due to the avoidance or negligence of the inverter or manufacturer, this party will pay damages amicably. These laws set out the rules and regulations to be followed by both parties and, if necessary, establish the necessary conformities. This clause also specifies the penalty in the event of a breach of obligations by one of the parties. These sanctions will be declared if the parties to the agreement violate the clauses of the agreement or violate the law. The warranty clause ensures that the parties are responsible for entering into an agreement. When the parties to the agreement sign the agreement, they declare that they are entitled to be parties to an agreement. This clause contains definitions of all the different terms belonging to the object, parties and intent of the Agreement.

This clause is necessary to clarify the clarity of the exclusivity of these specific words for the agreement. This clause is usually the first clause of the agreement. The above rights include all rights such as copyrights, patents, trademarks, trade secrets and all other intellectual property rights. It includes all copies, modifications and modifications made to the Product or Service by either party to the Agreement. Any other product or service derived from the existing product or service mentioned in the contract is also the property of the manufacturer and no receiving party has any rights to it. As mentioned earlier, proof of concept is useful for testing ideas. However, the effectiveness of this concept depends heavily on the business environment. If the PDC is not tested in a realistic business environment, the results may be inaccurate.

It is not a question of fully reproducing the market environment, but of creating a narrow version of it. This increases the accuracy of the results. Any new product/service resulting from the existing product or service mentioned in the Agreement, which is also the property of the Manufacturer and no receiving party has any obligations or rights in this regard. The receiving party may only use the product or service in the manner specified in the general performance clause of this Agreement; However, if the manufacturer develops or invents another product or service to support such use or to add value to that product or service, the additional product or service also belongs to the manufacturer with all its rights. A proof-of-concept or proof-of-concept agreement is an exercise where the main objective is to determine whether an idea can be turned into reality and whether the idea is practical enough to execute. A proof of concept is usually small and incomplete. It is also known as proof of principle. This clause includes a statement by a party, i.e. the receiving party, that it is entitled to such actions and that it has the necessary powers, licenses, consents or powers to enter into the contract.

This clause contains the laws governing the product or service mentioned in the agreement, the parties to the agreement, the companies and companies named in the agreement and the agreement itself. These laws set out the rules and regulations to be followed by the parties to the agreement and, if necessary, establish the necessary conformities […].