Proof Of Concept Agreement Meaning

This clause is quite simple, since it sets out the period for which the Concept Agreement will be implemented. The clause specifies the exact time frames for the implementation of the agreement and the timing and manner in which the contract must expire or be terminated. 6.6 With the exception of actions, procedures, claims or claims under item 6.4 (Confidential Information) and Point 6.5 (Compensation), no party shall be held liable for accidental, indirect, special or subsequent damages of any kind or related to this agreement. For all other claims: (i) in no case, GSMA`s total liability arising from this agreement, whether contractual, unauthorized or other theory of liability, may not exceed US$100 ($100.00); and (ii) under no circumstances should the client`s total liability arising from this agreement, contractually, unauthorized or other theory of liability, exceed us$5,000.00. A concept agreement or concept project agreement is an exercise where the focus is on whether an idea can actually translate into reality and whether the idea is practical enough to be put into practice. A concept project is usually small and incomplete. It is also known as the Proof of Principle. Pixar sometimes creates short animated films that use a difficult technique or not. His short film Geri`s Game used fabric animation techniques and human mimicry that were later used in Toy Story 2. Similarly, Pixar has created several short films as proofs of concept for new techniques for water movement, sea anemone tentacles and a slow-looking whale in preparation for Finding Nemo production. 4.6.

The customer agrees to be able to hire third-party subprocessors in the provision of services. The contractual agreement between the customer and each subprocessor contains data protection obligations that protect no less than those of this DP/IS exposure with respect to the protection of personal data, as this applies to the type of services provided by this subprocessor. At the request of GSMA or the processing manager, the client makes available to the data manager the current list of subcontractors for the services mentioned in the agreement. In the field of business development and distribution, a creditor can allow an interested customer to try a product. This use of proof-of-concept helps to create sustainability, isolate technical issues and provide general guidance, as well as provide feedback on budgeting and other forms of internal decision-making. [Citation required] In software development, the term „proof of concept” often characterizes several different processes with different objectives and participant roles: operator roles can use a proof of concept to determine whether a system fulfills an aspect of the objective for which it was developed. Once a supplier is satisfied, a prototype is developed, which is then used to seek financing or demonstrate to potential customers. [Citation required] The guarantee clause ensures that the contracting parties have the jurisdiction to reach an agreement. When the parties sign the agreement, they declare that they are competent for the parties to an agreement. 4.2 Clients ensure that their personal data handling staff are informed of the confidentiality of personal data, that they have received appropriate training on their responsibilities, and that they have entered into written confidentiality agreements.