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Contract with TechDrive Insurance for Carllm

Contract Date: October 1, 2024
Contract Duration: 12 months


Terms

  1. Parties Involved: This contract is entered into between Insurellm (the "Provider") and TechDrive Insurance (the "Customer").

  2. License Grant: Insurellm grants TechDrive Insurance a non-exclusive, non-transferable license to use the Carllm product as per the selected pricing tier (Professional Tier at $2,500/month).

  3. Payment Terms: TechDrive Insurance agrees to make monthly payments of $2,500 for the duration of this contract, due on the 5th of each month.

  4. Confidentiality: Both parties shall maintain confidentiality regarding each other’s proprietary information throughout the duration of this contract and for three years following its termination.

Renewal

  1. Automatic Renewal: This contract shall automatically renew for additional one-year terms unless either party provides written notice of non-renewal at least 30 days prior to the contract expiration.

  2. Pricing Review: The pricing for any renewal period shall be discussed 60 days prior to the end of the term and agreed upon in writing.

Features

  1. Included Features: Under the Professional Tier, TechDrive Insurance will have access to the following features of Carllm:

    • AI-Powered Risk Assessment
    • Instant Quoting
    • Customizable Coverage Plans
    • Fraud Detection
    • Customer Insights Dashboard
    • Mobile Integration
    • Automated Customer Support
  2. System Requirements: TechDrive Insurance must ensure that their existing systems meet the technical requirements to integrate with Carllm, as outlined in the onboarding documentation provided by Insurellm.

Support

  1. Customer Support: Insurellm will provide 24/7 customer support to TechDrive Insurance via AI-driven chatbots, ensuring timely resolution of inquiries and issues.

  2. Training: TechDrive Insurance staff will receive onboarding training sessions to ensure effective utilization of the Carllm platform, scheduled within the first two weeks of contract commencement.

  3. System Updates: The Provider will push regular updates to improve system performance and add new features. TechDrive Insurance will receive prior notification of any significant upgrades that may affect current operations.


Signatures:

Insurellm Representative:
Name: John Smith
Title: Account Manager
Date: ____________

TechDrive Insurance Representative:
Name: Sarah Johnson
Title: Operations Director
Date: ____________

This contract will serve as the foundational agreement for the ongoing collaboration between Insurellm and TechDrive Insurance in optimizing their auto insurance offerings through the Carllm product.