Third Party SaaS Clause Samples
The Third Party SaaS clause defines the terms under which software-as-a-service (SaaS) products provided by external vendors may be used or integrated within the scope of an agreement. It typically clarifies the responsibilities of each party regarding access, licensing, and support for these third-party services, and may specify limitations on liability or data handling requirements. This clause ensures that all parties understand the boundaries and obligations related to third-party SaaS usage, thereby reducing legal and operational risks associated with relying on external software providers.
Third Party SaaS. Third Party SaaS Services fees, if any, are invoiced annually, in advance, commencing with availability of the respective Third Party SaaS Services. Pricing for the first year of Third Party SaaS Services is indicated in the Investment Summary. Pricing for subsequent years will be at the respective third party’s then-current rates.