A Technology Partner formally enters into a contract agreement with Samuel Technologies to develop a specific customer or end-user relationship. These customers or end-users are typically government organizations or commercial entities.
Interested parties meet to decide how to arrange an agreement mutually beneficial.
The contract is drawn up based on the agreed-upon terms. Samuel Technologies typically draw up an agreement in consultation with the Technology Partner. The terms and conditions of the contract are then finalized with the customer.
Each party reviews the contract and signs their legal consent to be bound by its terms and conditions.
The contract is now in effect. Compliance needs to be assured by both parties, including insurance requirements, project management support, contract administration and deliverables. If there is an issue on either side, resolution is immediately sought to remedy the situation.
The contract comes up for review after a specified time. If the contract is designed to be ongoing, it might be renewed, amended, or renegotiated. If it’s designed to be a one-time execution, the contract terminates successfully.
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