These terms and conditions of sale ("terms and conditions" or "Agreement") govern the sale, license, resale and distribution, as applicable, of third-party vendor ("Vendor") hardware, products, software (including all open source licensed or distributed by Vendor, or incorporated into any Vendor software), and services (collectively "Products") by L Cube Strategic Support Service LLC ( DBA: L³ Data Services, LLC ) and its U.S. subsidiaries (together " L³ Data Services, LLC") to the entity purchasing or licensing the Products from L³ Data Services, LLC ("Buyer"). L³ Data Services, LLC will not accept any other terms or conditions, unless Buyer and L³ Data Services, LLC have executed a written agreement which specifically modifies, supersedes or replaces these terms and conditions. Certain L³ Data Services, LLC Vendors require L³ Data Services, LLC to pass-through terms for the Product to resellers and end users. By purchasing the Product from L³ Data Services, LLC, Buyer agrees to these Vendor pass-through terms, which are located at https://tdcontent.techdata.com/reseller/secure/commerce/promos/vendor-pass.aspx
THIS DOCUMENT CONTAINS VERY IMPORTANT INFORMATION REGARDING YOUR RIGHTS AND OBLIGATIONS, AS WELL AS CONDITIONS, LIMITATIONS, AND EXCLUSIONS THAT MIGHT APPLY TO YOU. PLEASE READ IT CAREFULLY. THESE TERMS REQUIRE YOU TO WAIVE YOUR RIGHT TO A JURY TRIAL IF THERE IS A DISPUTE.
1. ACCEPTANCE OF PURCHASE ORDERS
Acceptance: Buyer accepts these terms and conditions through any of the following, whichever occurs first: (a) Buyer submits a purchase order ("Order") to https://tdcontent.techdata.com/reseller/secure/commerce/promos/vendor-pass.aspx; (b) Buyer provides written acknowledgment; (c) Buyer accepts any shipment of any Products; or (d) Buyer performs any other act or expression of acceptance. All Orders are subject to acceptance, which may occur through https://tdcontent.techdata.com/reseller/secure/commerce/promos/vendor-pass.aspx, in writing, Electronic Data Interchange ("EDI") acknowledgment, or execution of Order. Such acceptance is expressly limited to these terms and conditions in their entirety without addition, modification or exception, and L³ Data Services, LLC rejects any term, condition or proposals submitted by Buyer (whether oral or in writing), which are inconsistent with or in addition to these terms and conditions. L³ Data Services, LLC’s silence or failure to respond to any such subsequent or different term, condition or proposal shall not be deemed to be L³ Data Services, LLC’s acceptance thereof. Buyer may not change, cancel or reschedule orders for Products without L³ Data Services, LLC’s prior written consent.
Quotations: Quotes from L³ Data Services, LLC shall be applicable for the period specified in the quote. L³ Data Services, LLC reserves the right to allocate the sale of Products among its buyers. Furthermore, unless otherwise stated on L³ Data Services, LLC proposal, quote or invoice: (i) quotes are invitations to tender and are subject to change at any time without notice; (ii) prices are for Products only and do not include taxes, freight, duties or any other charges or fees for additional services (collectively "Additional Fees"); and (iii) Buyer is responsible for any and all Additional Fees. Additional Fees also specifically include customs clearance, import or customs duties, VAT, applicable federal, state, municipal and other government taxes (such as sales, use and similar taxes), license fees, freight (except as otherwise provided in L³ Data Services, LLC shipping policy) and any other similar charges, however designated or levied on the sale or delivery of the Products or measured by the purchase price paid for the Products.
Electronic Orders: These terms and conditions will apply to Orders from L³ Data Services, LLC using EDI, Buyer's internal or third party portal or any other electronic means
Unless otherwise agreed in writing, L³ Data Services, LLC will deliver or arrange to deliver in accordance with L³ Data Services, LLC shipping policy in effect on the date of shipment. The current L³ Data Services, LLC’s shipping policy is located at http://tdcontent.techdata.com/content/service/delivery/shipping.aspx
Domestic: For all domestic transactions, including drop shipments, unless otherwise stated on the front of the invoice, title to the Products and all risk of loss or damage with respect to the Products, except software or services, shall pass to Buyer upon delivery to the carrier or Buyer's representative at L³ Data Services, LLC’s logistics center.
International: For all international transactions, the Product will be sold Financial Conduct Authority L³ Data Services, LLC logistics center or for drop shipments, FCA warehouse where the Products are located (Incoterms 2010). L³ Data Services, LLC assumes no responsibility for Additional Fees for the country designated for delivery by the Buyer. Title and risk of loss, except for software or services, shall pass to the Buyer upon delivery to the Buyer or Buyer's representative at L³ Data Services, LLC’s logistics center or, for drop shipments, upon delivery of the Products to the first common carrier.
Delivery is subject to L³ Data Services, LLC’s receipt of all necessary information and documentation from Buyer including all import certificates, exemption, resale certificates, licenses and other documents as may be required from Buyer for export of the Product. Shipping and delivery dates are estimates only and cannot be guaranteed. L³ Data services, LLC will not be liable for any delays in shipments. Buyer shall notify L³ Data Services, LLC, no later than five (5) business days after delivery, of any claimed shortages or rejection as to any delivery and must meet all other L³ Data Services, LLC requirements as stated in L³ Data Services, LLC return policies located at https://tdcontent.techdata.com/content/service/custrelat/cs_retrn.aspx. Buyer shall provide such notice in writing and with reasonable detail, stating the grounds for any such rejection. Buyer's failure to give such notice within the time specified is deemed an acceptance in full of any such delivery.
Electronic Delivery / Access: Unless otherwise agreed in writing, the Products made available through NetApp will be made available for use by software download or the transmission of (or access to) enabling information electronically.
3. PRICE AND PAYMENT
All prices, discounts, and promotions posted are subject to change without notice. The price charged for a Product or service will be the price advertised at the time the order is placed, subject to the terms of any promotions or discounts that may be applicable. Buyer shall bear all Additional Fees (except as otherwise provided in L³ Data Services, LLC shipping policy in above link). L³ Data Services, LLC’s prices set forth on invoice do not include Additional Fees. All information relating to L³ Data Services, LLC’s pricing constitutes L³ Data Services, LLC’s proprietary and confidential information and Buyer will keep such information confidential. Buyer must present exemption certificates to L³ Data Services, LLC prior to shipment if they are to be honored. L³ Data Services, LLC shall invoice Buyer for all taxes applicable to sales of the Products, itemized by type and jurisdiction, which L³ Data Services, LLC is required by law to collect from Buyer. Upon Buyer's request, L³ Data Services, LLC will provide Buyer with sufficient documentation to enable Buyer to complete any necessary tax filings or claim any applicable tax credits for amounts paid to L³ Data Services, LLC. If applicable law requires Buyer to deduct any amount from the amounts to be paid to L³ Data Services, LLC due to withholding taxes or any other taxes or levies of any kind, Buyer shall pay all such additional amounts so that the net amounts received by L³ Data Services, LLC are the amounts specified on the invoice. To the extent that any withholding tax is payable, L³ Data Services, LLC and Buyer shall mutually collaborate and provide any and all assistance reasonably requested to obtain the benefits of any applicable tax treaty between the country where the L³ Data Services, LLC’s entity that accepted Buyer’s Order is located and the applicable jurisdiction where the withholding tax applied.
Payment Terms: Payment is due as stated on L³ Data Services, LLC’s invoice without offset or any deduction for withholding taxes or other fees. L³ Data Services, LLC, at its discretion, may require reasonable advance assurances of payment through irrevocable bank letters of credit or otherwise. All unpaid invoices will bear interest at an amount equal to 1-1/2% of the outstanding balance per month (or the maximum rate of interest allowed to be contracted for by law, whichever is less), starting on the date payment is due. Buyer's failure to make timely payment may result in such action as commencement of proceedings for collection, revocation of credit, cancellation of Orders, stoppage of shipment, delay or cessation of future deliveries, repossession of unpaid delivered goods, and termination of any one or more sales agreements. At any time, L³ Data Services, LLC may change the terms of Buyer's credit. L³ Data Services, LLC may apply payments to any of Buyer's accounts. Notwithstanding any "net" payment provisions specified on the invoice, L³ Data Services, LLC shall have no continuing obligation to deliver Products on credit, and any credit approval may be withdrawn by L³ Data Services, LLC at any time and without prior notice. Prior to accepting an Order, L³ Data Services, LLC may require Buyer to grant L³ Data Services, LLC a security interest in the Product, plus all accounts resulting therefrom as a condition of accepting an Order. Buyer agrees to execute a Security Agreement in a form acceptable to L³ Data Services, LLC, and Buyer authorizes L³ Data Services, LLC to file such financing statements as L³ Data Services, LLC deems appropriate to perfect and/or continue L³ Data Services, LLC's purchase money security interest therein.
Automatic Renewals and Recurring Services: For Products made available on a subscription or recurring term basis ("Subscriptions"), Buyer agrees that L³ Data Services, LLC may invoice Buyer for automatic renewals and recurring Subscriptions, using Resellers initial purchase order number as authorization for subsequent invoices until Buyer properly cancels the applicable Subscription. Buyer further agrees to notify end users of the applicable renewal or recurring Subscriptions and payments due therefore, and acknowledges that Buyer's obligation to pay is not conditioned on: (a) L³ Data Services, LLC's invoice for such Products, (b) Buyer's placement of a renewal purchase order, or (c) Buyer's receipt of a renewal order from its customer.
Buyer further acknowledges that information from the end user is necessary for end users to access or use certain Products. Buyer agrees to provide such information as requested by the Vendor to both L³ Data Services, LLC and the Vendor. Buyer represents and warrants that Buyer has properly obtained the consent of the end user to provide said information to L³ Data Services, LLC and the Vendor. If Buyer defaults on these terms and conditions, L³ Data Services, LLC reserves the right to move Buyer's end users to another reseller or other provider to avoid interruption of access by the end user.
Collections: If L³ Data Services, LLC engages an attorney or collection agency for the purpose of collection, or enforcing L³ Data Services, LLC's security interest in the Products, with or without litigation, Buyer shall pay any and all associated costs, including, without limitation, attorneys' fees and costs (whether incurred prior to, during, or subsequent to trial), collection, bankruptcy, or other creditor's rights proceedings. L³ Data Services, LLC reserves the right to effect a recoupment, to set off of any funds due at any time to Buyer from L³ Data Services, LLC, and to set off any amounts against amounts owed by Buyer to L³ Data Services, LLC.
Currency: If a sale is to occur (or the Product is to be shipped) outside of the United States, Buyer acknowledges and agrees that the amount due L³ Data Services, LLC is contracted in U.S. Dollars and that payment in U.S. Dollars is of the essence. Any payment by Buyer in local currency or the receipt by L³ Data Services, LLC of local currency as a consequence of enforcement procedures against Buyer will be deemed (a) an authorization for L³ Data Services, LLC to use that local currency to purchase U.S. Dollars or, (b) if such purchase is prohibited by local law, an authorization to purchase appropriate bonds or other instruments and export them from the Buyer's country in order to convert the currency into U.S. Dollars and apply the proceeds to the payment of any amounts owed to L³ Data Services, LLC by Buyer. Buyer is responsible for any deficiency as a result of conversion of payment into U.S. Dollars.
L³ Data Services, LLC's Product Return policies in effect on the date of the invoice, or as otherwise provided by L³ Data Services, LLC to Buyer in writing, will control any return of Products. All Orders for Products that L³ Data Services, LLC identifies as non-standard or "NCNR" are non-cancelable and non-returnable. L³ Data Services, LLC may identify Products as NCNR by various means including, but not limited to, quotes and product lists L³ Data Services, LLC's Product Return policies are located at https://tdcontent.techdata.com/content/service/custrelat/cs_retrn.aspx. L³ Data Services, LLC reserves the right to modify or eliminate such policies at any time. The right to return defective Products as set forth herein shall constitute L³ Data Services, LLC's sole liability and Reseller's exclusive remedy in connection with any claim of any kind relating to the quality, condition, or performance of any Product, whether such claim is based upon breach of contract, warranty, negligence or other tort, breach of any statutory duty, indemnity or contribution, the failure of any limited or exclusive remedy to achieve its essential purpose, or otherwise. If L³ Data Services, LLC issues a return authorization to Buyer allowing Buyer to return Product to L³ Data Services, LLC, Buyer will deliver the Product to L³ Data Services, LLC's specified address in the United States and Buyer shall bear Additional Fees designated or levied, on any replacement Product to be shipped by L³ Data Services, LLC to Buyer. Buyer shall be responsible for all shipping and handling charges on returned items [unless otherwise specified] and shall bear the risk of loss during shipment. L³ Data Services, LLC therefore strongly recommends that Buyer fully insure return shipment against loss or damage and that Buyer use a carrier that can provide proof of delivery for protection. L³ DATA SERVICES, LLC OFFERS NO REFUNDS ON ANY PRODUCTS DESIGNATED AS NCNR. If L³ Data Services, LLC determines such Products are not eligible for return, L³ Data Services, LLC will, at its sole discretion, send such Products back to Buyer on freight collect basis, or hold such Products (at Buyer's expense) for Buyer's collection and on Buyer's account.
5. DISCLAIMER OF WARRANTIES
L³ Data Services, LLC does not manufacture or control any of the Products offered on its website. The availability of any Product on L³ Data Services, LLC’s website does not indicate an affiliation with or endorsement of such Product or its manufacturer. Although L³ Data Services, LLC's policies may permit Buyer to return defective Products under certain circumstances as specified in Section 4, L³ Data Services, LLC makes no representations or warranties of any kind with respect to the Products, including but not limited to Product information. L³ Data Services, LLC HEREBY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, AS TO THE PRODUCTS OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT, OR FITNESS FOR A PARTICULAR PURPOSE. Further, L³ Data Services, LLC DISCLAIMS ALL WARRANTIES AGAINST THE INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF THIRD PARTIES RELATING TO THE PRODUCTS. L³ Data Services, LLC WILL NOT BE LIABLE FOR ANY DAMAGE, LOSS, COST, OR EXPENSE FOR BREACH OF WARRANTY. Any express warranties with respect to Products are provided by the Vendor. L³ Data Services, LLC will pass through to Reseller such warranties to the extent it is legally permitted to do so. Reseller shall not provide or make any representations and warranties on behalf of or purporting to bind L³ Data Services, LLC or the Vendor other than express warranties for the Product(s) provided by the Vendor.
6. LIMITATION OF LIABILITY
SUBJECT TO THE LIMITATIONS OF SECTIONS 4 AND 5, L³ Data Services, LLC'S LIABILITY FOR DAMAGES ARISING UNDER THESE TERMS AND CONDITIONS, OR OTHERWISE WHETHER IN CONTRACT, TORT, OR OTHERWISE, WILL: (1) BE LIMITED TO ACTUAL, PROVEN, DIRECT DAMAGES; AND (2) WILL NOT EXCEED THE NET AMOUNT PAID TO L³ Data Services, LLC BY BUYER FOR THE PRODUCT THAT IS THE SUBJECT OF THE CLAIM. L³ Data Services, LLC SHALL NOT BE LIABLE UNDER ANY CIRCUMSTANCES FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE AGREEMENT TO SELL PRODUCT TO BUYER OR THE PRODUCT, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOST PROFITS, LOSS OF USE, LOST DATA, COSTS OF COVER, OR FOR ANY DAMAGES OR SUMS PAID BY BUYER TO THIRD PARTIES, EVEN IF L³ Data Services, LLC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING LIMITATION OF LIABILITY APPLIES WHETHER ANY CLAIM IS BASED UPON BREACH OF CONTRACT, WARRANTY, NEGLIGENCE OR OTHER TORT, BREACH OF ANY STATUTORY DUTY, INDEMNITY OR CONTRIBUTION, THE FAILURE OF ANY LIMITED OR EXCLUSIVE REMEDY TO ACHIEVE ITS ESSENTIAL PURPOSE, OR OTHERWISE.
7. BUYER'S OBLIGATIONS
Compliance with Laws: Buyer represents and warrants that it will comply with all applicable laws, codes, and regulations. Buyer further acknowledges and agrees that the Products are subject to the export control laws and regulations of the United States, including, but not limited to, the Export Administration Regulations, and sanctions regimes of the U.S. Department of Treasury, Office of Foreign Asset Controls. Buyer shall not, without prior U.S. government authorization, export, reexport, or transfer any Products, either directly or indirectly, to any country subject to a U.S. trade embargo, or to any resident or national of any such country, or to any person or entity listed on the "Entity List" or "Denied Persons List" maintained by the U.S. Department of Commerce or the list of "Specifically Designated Nationals and Blocked Persons" maintained by the U.S. Department of Treasury. In addition, Buyer may not export, re-export, or transfer Products to an end-user engaged in activities related to weapons of mass destruction. Such activities include, but are not necessarily limited to, activities related to the design, development, production, or use of: (1) nuclear materials, nuclear facilities, or nuclear weapons; (2) missiles or support of missiles projects; (3) chemical or biological weapons; and 4) life support systems, human implantation, or any other application where Product failure could lead to loss of life or property damage.
Vendor Restrictions: Buyer acknowledges and agrees that some Product sales are limited to a specified territory and shall not sell Products outside that territory. Such sales may constitute copyright or trademark infringement. Products purchased by Buyer may also be subject to additional usage restrictions or authorizations or terms and conditions imposed by the Vendor. Buyer is responsible for ensuring compliance with any such restrictions, authorizations or terms and conditions. Buyer shall comply with any applicable rights of third parties regarding Products, including software or other intellectual property, such as patents, copyrights, and user licenses.
Anti-Bribery Anti-Corruption: Buyer agrees it has not and will not in the future directly or indirectly offer or pay, or authorize the offer or payment of, any money or anything of value in an effort to influence any government official or any other person in order to improperly obtain or retain business or gain an improper business advantage, and has not accepted, and will not accept in the future, any such payment.
Software: Software is the machine-readable (object code) version of computer programs ("Software"). To the extent Buyer purchases or licenses Products containing Software, Buyer shall not, directly or indirectly, modify the features or functionality of, copy or create derivative works using all or any portion of, decompile, or otherwise reverse engineer or attempt to reverse engineer or derive source code, techniques, algorithms or processes from the Software or permit or encourage any third-party to do so. Buyer's use of Software and any related documentation is governed by the Software's applicable license agreements. Software embedded in or bundled with hardware must be used solely with the device for which it was intended and may not be transferred separately.
Buyer authorizes L³ Data Services, LLC to accept, on Buyer's behalf, any end-user license agreement, or similar agreement for Products . Buyer shall secure this same authority from its end user customers. L³ has no obligation to accept any end-user license agreements, but may use its sole discretion to exercise its authority. Buyer acknowledges that Vendor or Vendor's third-party licensors will provide any license required to use the Product and not L³ Data Services, LLC.
Records and Audit: Buyer will keep, provide and allow L³ Data Services, LLC to audit, complete and accurate records related to this Agreement including records relating to sales during the term of this Agreement and for seven (7) years from the date of the record, or longer if required by the applicable Vendor.
Refunds: Buyer will reimburse to L³ Data Services, LLC any funds provided to Buyer by L³ Data Services, LLC or the Vendor, which L³ Data Services, LLC is obligated to return to the Vendor (or which TDC expected to but did not receive from the Vendor). These funds include but are not limited to discounts, fees, and marketing funds. L³ Data Services, LLC may also recover such refunds by offsetting any amounts due to Buyer from L³ Data Services, LLC.
Notices and Communications: Buyer consents to receive all communications from L³ Data Services, LLC or Vendor regarding Products and shall promptly notify L³ Data Services, LLC in writing of all changes to Buyer's name, address, and control/ownership of its assets. Additionally, Buyer consents to allow L³ Data Services, LLC to contact Buyer's customers and end users regarding Products.
Indemnification: Buyer will indemnify, defend, and hold L³ Data Services, LLC harmless of and from any and all liabilities, losses, and damages (including costs, expenses, and attorney's fees, and costs of establishing rights to indemnification) for any claim including: (i) breach by Buyer of any warranty, representation, or covenant under this Agreement; (ii) breach by Buyer of any agreement with Vendor or Buyer violation of the rights of a Vendor; (iii) non-compliance with requirements hereunder or with applicable laws, regulations, directives, or ordinances; or (iv) claims arising from Buyer's negligence or willful misconduct; or (v) claims arising from L³ Data Services, LLC's compliance with Buyer's designs, specifications or instructions; modifications of any Product by anyone other than L³ Data Services, LLC; use or sale of Products in combination with other products or in violation of the Vendor's applicable specifications and/or documentation.
8. GOVERNMENT SALES
Buyer has an affirmative duty to notify L³ Data Services, LLC in writing during the quotation, request, and order process of any product sourcing restrictions, including the Trade Agreement Act ("TAA"), Buy American Act, or other sourcing restrictions that apply to the Products.
L³ Data Services, LLC is a distributor of "Commercial Items" as defined in FAR 2.101. L³ Data Services, LLC does not intend to sell Products, whether to the U.S. Government or a higher-tier contractor, that fail to meet the "commercial item" definition in FAR 2.101. Accordingly, L³ Data Services, LLC agrees only to the clauses in the Federal Acquisition Regulation ("FAR") and agency FAR supplements (as applicable based on the U.S. Government customer) that are explicitly required to be inserted in a subcontract for commercial items, as set forth in FAR 52.244-6(c)(1) or an agency FAR supplement. In accordance with FAR 12.211, Buyer will receive only those rights in technical data customarily provided to L³ Data Services, LLC by the manufacturers. By no means will this be interpreted as provided to Buyer unlimited rights in data, software, or intellectual property rights provided by the manufacturers or any other third party. To the extent Buyer is not an authorized GSA Buyer, L³ Data Services, LLC specifically rejects the requirements of the: (i) Trade Agreements Act, FAR 52.225-5 or DFARS 252.225-7021; and (ii) the Buy American Act, FAR 52.225-1 or DFARS 252.225-7001. L³ does not accept any Preference for Domestic Specialty Metals regulations unless the Vendor expressly represents and warrants that the Products provided through L³ are compliant.
Entire Agreement: This Agreement contains the entire agreement of the parties with respect to the subject matter hereof, and supersedes any and all prior negotiations, representations and agreements, whether written or oral, between the parties with respect to the subject matter hereof. Each party acknowledges that no representations, inducements, promises or agreements, orally or otherwise have been made by any party. Further, L³ Data Services, LLC is not obligated to sell Product to Buyer under this Agreement. No other agreement, statement or promise modifies these terms and conditions unless it is in writing and signed by both parties. Any L³ Data Services, LLC’s waiver or default of one or more of these terms and conditions is not a waiver of the remaining terms and conditions or of any future defaults. No failure or delay by either party in exercising or enforcing any right hereunder shall operate as a waiver thereof or preclude any other exercise or enforcement of its rights.
Waiver of Jury Trial: BUYER AND L³ DATA SERVICES, LLC AGREE TO GIVE UP ANY RIGHTS TO LITIGATE CLAIMS BEFORE A JURY.
Governing Law and Venue: This Agreement shall be deemed made in, and shall be governed by, the laws of the State of North Carolina. All matters arising out of or relating to this Agreement are governed by and construed in accordance with the internal laws of the State of North Carolina without giving effect to its choice or conflict of law provision or rule. Any legal suit, action, or proceeding arising out of, or related to, this Agreement or the sale of any Product shall be instituted exclusively in the federal courts of the United States or the courts of the State of North Carolina, located in Wake County, although we retain the right to bring any suit, action, or proceeding against you for breach of this Agreement in your country of residence or any other relevant country. ALL SALES TRANSACTIONS EXCLUDE THE APPLICATION OF THE 1980 UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS, IF OTHERWISE APPLICABLE.
Force Majeure: L³ Data Services, LLC is not liable for failures to perform (including, without limitation, delays in delivery) due to causes beyond its reasonable control (for example, acts of nature, acts or omissions of Buyer, operational disruptions, man-made or natural disasters, acts of war, government interference, epidemic medical crises, materials or Product shortages, strikes, criminal acts, delays in delivery or transportation, or inability to obtain labor, materials or Products through regular sources).
Data Protection and Personal Information: Buyer will maintain industry standard controls for personal information processed under this Agreement that will, among other things, protect against unauthorized access, use, modification, or disclosure by electronic or physical means. Buyer shall update its security controls from time to time as required by applicable law or to conform to standard industry practices. Buyer shall (i) process and hold personal information in the strictest of confidence, (ii) protect such information, (iii) provide required notifications, and (iv) obtain all consents necessary to collect and process end user personal data in accordance with applicable data protection laws. If required by applicable data protection laws, Buyer will execute a data processing agreement, or such other required documentation, and complete a privacy and security risk assessment as reasonably requested by L³ Data Services, LLC, including without limitation executing standard contractual clauses in the event any European personal data is transferred across national borders. If Buyer discovers or is notified of an actual, probable or reasonably suspected breach of security or any unauthorized access to or acquisition, use, loss, destruction, compromise, alteration or disclosure of any personal data processed by Buyer pursuant to this Agreement, then Buyer shall notify L³ Data Services, LLC within twenty-four (24) hours of such discovery or notification and investigate, mitigate, or if possible remediate, the effects of the breach. Buyer shall cooperate and provide reasonable assistance to L³ Data Services, LLC in connection with any legal or regulatory inquiries or investigations relating to any breach.
Trademarks: Buyer will not use L³ Data Services, LLC's name, logos, trademarks, or other intellectual property rights without L³ Data Services, LLC's written consent. Buyer grants L³ Data Services, LLC the limited right to use its logos and trademarks in any marketing and promotional materials associated with this Agreement.
Accurate Information: Buyer represents and warrants that the information provided in any documents to L³ Data Services, LLC will be true and correct in all material respects and contains all information necessary so that such information is not materially misleading. Buyer acknowledges that L³ Data Services, LLC is relying on the accuracy of the information provided by Buyer.
Assignment and Survival of Obligations. Buyer may not assign this Agreement without L³ Data Services, LLC's prior written consent. L³ Data Services, LLC may, without Buyer's consent, assign the Agreement, including all its amendments, attachments and addenda, and its rights and obligations to its successors, assigns or a purchaser of all or substantially all of its assets. All benefits of the contract will ensure the benefit of the assignee. L³ Data Services, LLC's affiliates may perform L³ Data Services, LLC's obligations under these terms and conditions. All obligations under this Agreement that by their nature extend beyond termination, including without limitation all monetary obligations of either party to the other under this Agreement, will survive termination, remain in effect and bind all successors and assigns.
Independent Contractors. The Parties will act as independent contractors in the performance of this Agreement and neither Party shall act as agent for or partner of the other Party.
Severability: If any provision of this Agreement is invalid, illegal, void, or unenforceable, then that provision will be deemed severed from this Agreement and will not affect the validity or enforceability of the remaining provisions of this Agreement.