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Yes, update the contract to match the policy
Create "Standard Employment Contract Template v4_Revised.docx" with all these changes and a "Contract Compliance & Improvement Report_May 2025.pdf"
Wansom's AI reviews your contracts, highlighting risks and suggesting improvements, so you can focus on what matters most.
Between TechFlow Solutions Inc. and Enterprise Client Corp.
Subject to the terms and conditions of this Agreement, TechFlow Solutions Inc. hereby grants to Enterprise Client Corp. a non-exclusive, non-transferable license to use the Software solely for internal business purposes in accordance with the Documentation.
Client shall not, and shall not permit any third party to: (a) copy, modify, or create derivative works of the Software; (b) reverse engineer, disassemble, or decompile the Software; or (c) sublicense, rent, lease, or otherwise transfer rights to the Software. Client agrees to indemnify and hold harmless TechFlow from any and all claims, damages, or losses arising from Client's unauthorized use of the Software, including attorney fees and costs.
Client agrees to pay the license fees as set forth in Schedule A. All payments are due within thirty (30) days of invoice date. Late payments may be subject to interest charges of 1.5% per month or the maximum rate permitted by law, whichever is less. TechFlow reserves the right to suspend access to the Software for any overdue payments.
THE SOFTWARE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. TechFlow does not warrant that the Software will be error-free or that access to the Software will be uninterrupted.
8 Suggestions
Client indemnifies TechFlow for unauthorized use. Consider limiting scope and adding mutual indemnification.
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The contract currently states that the Company will own all data, including client improvements, enhancements, or modifications. This could potentially give ownership of modifications and enhancements to the Customer...
"Company retains ownership of all improvements, enhancements, or modifications to ensure that any improvements or modifications specifically requested by the Customer do not become sole property of the Company."
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