week5/knowledge-base/contracts/Contract with Pinnacle Insurance Co. for Homellm.md

# Contract with Pinnacle Insurance Co. for Homellm

## Terms
This contract ("Contract") is entered into as of this 1st day of January 2024 ("Effective Date") by and between Insurellm ("Provider"), a Delaware corporation with its principal place of business at 1234 Innovation Drive, San Francisco, CA 94105, and Pinnacle Insurance Co. ("Client"), a Texas corporation with its principal place of business at 4567 Protection Plaza, Houston, TX 77001. 

1. **License Grant**: Insurellm hereby grants the Client a non-exclusive, non-transferable license to use Homellm in accordance with the terms of this Contract.
2. **Payment Terms**: The Client agrees to pay an initial setup fee of $15,000 and a monthly subscription fee of $10,000 for the duration of the Contract.
3. **Term**: The initial term of this Contract shall last for a period of two (2) years from the Effective Date.

## Renewal
1. **Renewal Terms**: At the end of the initial term, this Contract shall automatically renew for additional one-year terms unless either party provides written notice of termination at least thirty (30) days prior to the expiration of the current term.
2. **Adjustment of Fees**: Subscription fees may be adjusted annually based on consumer price index changes, not to exceed 5% per year.

## Features
1. **AI-Powered Risk Assessment**: Utilized for tailored underwriting decisions specific to individual homeowner policies.
2. **Dynamic Pricing Model**: Monthly premiums adjusted based on real-time risk evaluations, ensuring fair pricing for Pinnacle’s customers.
3. **Instant Claim Processing**: Claims resolved in hours rather than weeks, significantly improving customer satisfaction and operational efficiency.
4. **Predictive Maintenance Alerts**: Alerts sent to customers advising them of potential risks unique to their property, supporting proactive maintenance.
5. **Multi-Channel Integration**: Seamless access to customer data through existing systems in Pinnacle Insurance's infrastructure.
6. **Customer Portal**: A user-friendly interface allowing policy management, claims submission, and coverage updates at any time.

## Support
1. **Technical Support**: Insurellm shall provide 24/7 technical support via an email and phone assistance for the duration of this Contract.
2. **Training**: Insurellm will conduct an onsite training session for Client employees upon implementation, and quarterly training webinars will be made available thereafter.
3. **Updates and Maintenance**: Insurellm will provide regular system updates and maintenance, ensuring that the software is operating at peak efficiency.

By signing below, both parties agree to the terms set forth in this Contract for the use of the Homellm product.

____  
**Insurellm Authorized Signature**  
Name: Sarah Johnson  
Title: VP of Sales  
Date: ____________

____  
**Pinnacle Insurance Co. Authorized Signature**  
Name: Tom Anderson  
Title: Chief Operating Officer  
Date: ____________