# Contract with Velocity Auto Solutions for Carllm **Contract Date:** October 1, 2023 **Contract Number:** C-12345-2023 **Client:** Velocity Auto Solutions **Product:** Carllm Auto Insurance Solution --- ## Terms 1. **Duration**: This contract is effective for a period of 12 months from the contract date. 2. **Payment Schedule**: Velocity Auto Solutions agrees to pay Insurellm the total fee associated with the selected subscription tier on a monthly basis, beginning on the contract date. 3. **Confidentiality**: Both parties agree to keep all proprietary information confidential and not to disclose it to any third parties without written consent. 4. **Intellectual Property**: All components of Carllm and any related technology are the property of Insurellm, and license is granted to Velocity Auto Solutions for internal use only. ## Renewal 1. **Automatic Renewal**: This contract will automatically renew for successive 12-month periods unless either party provides written notice at least 30 days prior to the end of the initial term or any renewal term. 2. **Rate Adjustment**: Subscription pricing may be subject to adjustment, with Insurellm providing a 60-day advance notice of any changes prior to renewal. ## Features 1. **Included Features**: - AI-Powered Risk Assessment - Instant Quoting and Customizable Coverage Plans - Fraud Detection Systems - Customer Insights Dashboard - Automated Customer Support 2. **Feature Enhancements**: Velocity Auto Solutions will receive updates to the Carllm product as outlined in the Insurellm 2025-2026 Roadmap, including mobile integration and telematics-based pricing enhancements. ## Support 1. **Customer Support**: Velocity Auto Solutions will have access to Insurellm’s customer support team via email or chatbot, available 24/7. 2. **Technical Maintenance**: Regular maintenance and updates to the Carllm platform will be conducted by Insurellm, with any downtime communicated in advance. 3. **Training & Resources**: Initial training sessions will be provided for Velocity Auto Solutions’ staff to ensure effective use of the Carllm suite. Regular resources and documentation will be made available online. --- **Accepted and Agreed:** **For Velocity Auto Solutions** Signature: _____________________ Name: John Doe Title: CEO Date: _____________________ **For Insurellm** Signature: _____________________ Name: Jane Smith Title: VP of Sales Date: _____________________