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| # Contract with EverGuard Insurance for Rellm: AI-Powered Enterprise Reinsurance Solution | |
| **Contract Number:** IG-2023-EG | |
| **Effective Date:** January 1, 2024 | |
| **Expiration Date:** December 31, 2026 | |
| ## Terms | |
| 1. **Parties**: This agreement is made between Insurellm, located at 123 Innovation Drive, Tech City, USA, and EverGuard Insurance, located at 456 Safety Lane, Protectville, USA. | |
| 2. **Product Description**: This contract pertains to the use of the Rellm platform, an AI-powered enterprise reinsurance solution provided by Insurellm. EverGuard Insurance will implement Rellm to enhance its reinsurance operations. | |
| 3. **Payment Terms**: EverGuard Insurance agrees to pay Insurellm a monthly fee of $10,000 for the duration of this contract, covering the Professional Plan features of Rellm, which includes all advanced integrations and priority customer support. | |
| 4. **Usage Rights**: EverGuard Insurance is granted a non-exclusive, non-transferable license to access and use Rellm for the duration of this contract. Unauthorized sharing or distribution is strictly prohibited. | |
| ## Renewal | |
| 1. **Automatic Renewal**: This contract will automatically renew for successive one-year terms unless either party provides written notice of termination at least 60 days prior to the expiration date. | |
| 2. **Price Adjustment**: In the event of a renewal, Insurellm reserves the right to adjust the monthly fee based on market conditions and the value of services offered, with a minimum notice of 30 days. | |
| ## Features | |
| 1. **Core Functionality**: Rellm provides EverGuard Insurance with advanced AI-driven analytics, seamless integrations, and a comprehensive risk assessment module designed to optimize risk management. | |
| 2. **Customizable Dashboard**: Users at EverGuard Insurance will have access to a customizable dashboard that allows them to tailor their experience based on their specific operational metrics. | |
| 3. **Compliance Tools**: The built-in regulatory compliance tools will ensure that EverGuard Insurance meets industry standards while managing its reinsurance practices. | |
| 4. **Client Portal Access**: EverGuard Insurance will have access to both client and broker portals, enhancing communication and collaboration with its partners. | |
| ## Support | |
| 1. **Customer Support**: Insurellm will provide EverGuard Insurance with 24/7 customer support, including live chat, email, and phone assistance for any technical issues or inquiries regarding Rellm. | |
| 2. **Training Services**: Insurellm will provide initial training for EverGuard Insurance staff to ensure proper utilization of Rellm features. Additional training sessions can be scheduled upon request at an agreed fee. | |
| 3. **Updates and Upgrades**: EverGuard Insurance will receive all platform updates and upgrades at no additional cost during the contract term, including enhancements outlined in Insurellm’s 2025-2026 roadmap. | |
| 4. **Feedback Mechanisms**: EverGuard Insurance is encouraged to provide feedback regarding Rellm’s functionalities and any desired features, which will be considered for future updates. | |
| --- | |
| **Signatures** | |
| **For Insurellm**: __________________________ | |
| **Name**: John Smith | |
| **Title**: Chief Operating Officer | |
| **Date**: _________________ | |
| **For EverGuard Insurance**: __________________________ | |
| **Name**: Sarah Johnson | |
| **Title**: Chief Executive Officer | |
| **Date**: _________________ | |
| --- | |
| This contract seeks to foster a strong partnership between Insurellm and EverGuard Insurance, leveraging Rellm to innovate and enhance reinsurance capabilities while ensuring mutual growth and compliance in the ever-evolving insurance landscape. |