Thursday, December 10, 2009

Changes to Papilio's Master Subscription Agreement

The following changes have been made in MSA.

Point 1 - Definitions for "Services" and "User guide" has been changed to point to instead of

Point 6.1 (iv) has been changed to -

User subscription fees are based on monthly periods that begin on the subscription start date and each monthly anniversary thereof; therefore, fees for User subscriptions added in the middle of a monthly period will be charged for that full monthly period. The total fees payable for the monthly period is calculated as the product of User subscription fees as mentioned in the Order form and the maximum number of active Users during that period.

Point 6.5 (Taxes) has been changed to -

Taxes. Unless otherwise stated, Our fees do not include any taxes, levies, duties or similar governmental assessments of any nature, including but not limited to value-added, sales, use or withholding taxes, assessable by any local, state, provincial, central or foreign jurisdiction (collectively, "Taxes"). You are responsible for paying all Taxes associated with Your purchases hereunder. If We have the legal obligation to pay or collect Taxes for which You are responsible under this paragraph, the appropriate amount shall be invoiced to and paid by You, unless You provide Us with a valid tax exemption certificate authorized by the appropriate taxing authority. Similarly, if you have the legal obligation to deduct and pay TDS (Tax Deduction at Source) to the appropriate tax authority for the invoiced amount, the appropriate amount shall be deducted by You from the total payable amount, unless We provide You with a valid tax exemption certificate authorized by the appropriate taxing authority.

Point 9.1 (iii) added

In the event of inability in providing Services by Us, due to We becoming the subject of a petition in bankruptcy or any other proceeding relating to insolvency, receivership, liquidation or assignment for the benefit of creditors, Our source code of the Services shall be made available to You through an independent escrow agent.

Point 13.1 has been changed to say that you are contracting with "Managing Director" instead of "Director"

Please comment to let us know any of your concerns. Also, the application will request for your acceptance of the agreement when you next login to the application.

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