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A Subscription Agreement is a contract between two parties, typically a company and an investor, that outlines the terms of a financial transaction. It delineates the rights and responsibilities of each party regarding the investment, such as the amount of money to be invested, the duration of the investment, and the expected return on the investment. A Subscription Agreement may be necessary in situations where a company is seeking to raise capital through the sale of securities to investors, or when an investor is purchasing a stake in a company.
1. Subscription Terms and Conditions: Clearly define the terms and conditions of the subscription, including the start and end dates, payment terms and renewal options.
2. Cancellation and Refund Policy: Outline the process for cancelling the subscription and refunding the customer in the event the subscription is cancelled.
3. Privacy Policy: Include a privacy policy that outlines how personal data will be collected, stored, and used.
4. Limitation of Liability: Specify any limitations on liability that the customer may have by agreeing to the subscription agreement.
5. Dispute Resolution: Set out the process for resolving any disputes that may arise between the parties.
6. Choice of Law: Specify which jurisdiction’s laws will govern the contract.
7. Intellectual Property Rights: Make sure to include language that outlines who has ownership of any intellectual property created during the course of the subscription.
