Backend Processing definition
Examples of Backend Processing in a sentence
In addition, Kaching Kaching specifically agrees to defend, indemnify and hold harmless the Company and Beyond Commerce from an against any and all damages, liabilities, losses, claims, demands, costs and expenses (including reasonable attorneys’ fees) resulting from, arising out of, or relating to any misrepresentation, misstatement or omission by Kaching Kaching with respect to the Back-end Processing Services, Order Processing Services, including, without limitation, the capabilities of such services.
Beyond Commerce hereby appoints Kaching Kaching as the Master Licensor and Distributor to sell, license and distribute the Back-end Processing Services and I-Supply Shopping System to any and all third parties and consumers.
During the term of this Agreement, Company agrees to provide on-going maintenance of the Back-end Processing Technology and to make available to Kaching Kaching at no cost all enhancements and modifications developed by Company to such technology and system functionality.
Kaching Kaching hereby retains Company, and Company accepts such retention, to provide to and/or assist Kaching Kaching during the Term (as defined below) with Back-end Processing Services using I-supply’s Back-end Processing Technology which will be packaged by Kaching Kaching on a private label basis with each RWS sold by Kaching Kaching.
Company hereby appoints Kaching Kaching as the Exclusive Master Licensor and Distributor to sell, license and distribute the Back-end Processing Services and I-supply shopping system to any and all third parties.
Kaching Kaching hereby acknowledges and agrees that the Back-end Processing Technology is the sole and exclusive property of Beyond Commerce and that Kaching Kaching has no, and shall not obtain any by virtue of this Agreement, right, title or interest in or to any of the Back-end Processing Technology.
In addition, Kaching Kaching shall pay to the Company an amount equal two percent (2%) of the aggregate gross sales made through all RWSs during the prior month for which the Company was providing the Back-end Processing Services and Order Processing.
So long as the Company is compensated in accordance with the terms of this Agreement, Kaching Kaching shall maintain in its sole discretion the right to enter into all third party licenses and agreements that contemplate the use of the Back-end Processing Services and I-Supply Shopping System for the term of this Agreement.
The warrant shall have a exercise period of five (5) years commencing on the date that the Company shall begin providing the Back-end Processing Services to Biomerica.
The Company hereby grants to the BigHub a Master License to the Back-end Processing Technology on a private label basis during the Term hereof, and appoints the BigHub as its Exclusive Worldwide Master Licensor of the Back-end Processing Technology on a private label basis.