Sales Contract for Predictive Analytics
SALES CONTRACT FOR PREDICTIVE ANALYSIS
This Predictive Analytics Services Contract ("Contract") is entered into between [Your Company Name], a [Your Company Legal Structure] with its principal place of business at [Your Company Address] ("Service Provider"), and [Client's Company Name], a [Client's Company Legal Structure] with its principal place of business at [Client's Company Address] ("Client").
1. SCOPE OF SERVICES
1.1. The Service Provider will provide predictive analytics services to the Client as specified in the attached Statement of Work (SOW), which is incorporated by reference into this Contract.
1.2. The SOW will include a detailed description of the services to be provided, including but not limited to:
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Data collection and preprocessing
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Model development and training
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Testing and validation
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Deployment of predictive models
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Ongoing maintenance and support
2. PAYMENT
2.1. The Client agrees to pay the Service Provider the fees as outlined in the SOW. Payment terms, including any applicable milestones or payment schedules, are also defined in the SOW.
2.2. Invoices will be sent by the Service Provider to the Client as specified in the SOW.
3. TERM AND TERMINATION
3.1. This Contract shall commence on the Effective Date as specified in the SOW and shall continue until the completion of the services described in the SOW, unless terminated earlier as provided in this Contract.
3.2. Either party may terminate this Contract upon written notice to the other party if the other party breaches any material term or condition of this Contract and fails to cure such breach within [number] days of receiving written notice.
3.3. Upon termination, the Client shall pay the Service Provider for all services provided up to the date of termination.
4. INTELLECTUAL PROPERTY
4.1. The Client acknowledges that all deliverables and work product produced under this Contract, including but not limited to predictive models, reports, and analysis, shall be the property of the Client.
5. CONFIDENTIALITY
5.1. Both parties agree to keep confidential all information and materials exchanged during the course of this Contract.
6. WARRANTIES AND LIMITATIONS
6.1. The Service Provider warrants that it will perform the services in a professional and workmanlike manner.
6.2. The Service Provider makes no other warranties, express or implied, and expressly disclaims any warranty of merchantability or fitness for a particular purpose.
7. LIABILITY
7.1. The Service Provider's liability to the Client for any claim arising under or in connection with this Contract, whether in contract, tort, or otherwise, shall be limited to the fees paid by the Client to the Service Provider under this Contract.
8. GOVERNING LAW
8.1. This Contract shall be governed by and construed in accordance with the laws of [Your State or Jurisdiction].
9. ENTIRE AGREEMENT
9.1. This Contract contains the entire agreement between the parties and supersedes all previous agreements and understandings between the parties.
10. AMENDMENTS
10.1. This Contract may be amended only in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Predictive Analytics Services Contract as of the Effective Date.
[Your Company Name]
[Company Representative Name]
[Title]
[Date]
[Client's Company Name]
[Client Representative Name]
[Title]
[Date]
