Tarnbeck Insurance Brokers - Master Services Agreement v2
Documentdraft Tarnbeck Insurance Brokers · contract · draft · 2024-12-16
Unexecuted draft MSA dated 16 Dec 2024 for the Starter tier: 99.5% availability, P1 first response within four business hours, £20k annual subscription plus £6,000 implementation. Term 30 Jan 2025 to 29 Jan 2026.
What it says
What this says
Current to 13 Oct 26Unexecuted draft MSA dated 16 Dec 2024 for the Starter tier: 99.5% availability, P1 first response within four business hours, £20k annual subscription plus £6,000 implementation. Term 30 Jan 2025 to 29 Jan 2026.
What it is: a version 2 draft MSA between Tarnbeck Insurance Brokers Ltd and BB-Demo Limited, marked "DRAFT VERSION, NOT YET EXECUTED". Next step recorded is "Review and feedback from legal team".
Commits: if signed, Starter with up to four connectors, a 99.5% per calendar month availability, P1 first response "Within four business hours" and a 5% service credit for missed availability. Year 1 total is £26k.
Unusual: nothing departs from standard Starter terms. Either party may terminate for convenience on thirty days' written notice, and the term is fixed at one year with no stated renewal mechanism.
Not settled: the text does not show who signed or whether an executed copy exists. As a draft it is an open item and an executed order form would override it. The expiry date of 29 Jan 2026 is before the as-of date, so the current position needs checking against executed paper and invoices.
As found in this document
Current to 9 Oct 26- Date end29 Jan 2026Source: object_read:doc_171_003
- Date start30 Jan 2025Source: object_read:doc_171_003
- Price£19,500Source: object_read:doc_171_003
- Subscription price£19,500 AnnualSource: object_read:doc_171_003
- Implementation fee£6,000 One-timeSource: object_read:doc_171_003
- Year 1 Total£25,500Source: object_read:doc_171_003
- System Availability99.5% per calendar monthSource: object_read:doc_171_003
- P1 First ResponseWithin four business hoursSource: object_read:doc_171_003
- Data RefreshComplete by 07:00 each business day (Customer's local time)Complete by 07:00 each business day (Customer's local time) · Source: object_read:doc_171_003
- Service Credit5% of one month's subscription if availability missed5% of one month's subscription if availability missed · Source: object_read:doc_171_003
- BillingAnnual subscription invoiced in advance; implementation invoiced on commencementAnnual subscription invoiced in advance; implementation invoiced on commencement · Source: object_read:doc_171_003
- Payment termsPayment due within thirty days of invoice datePayment due within thirty days of invoice date · Source: object_read:doc_171_003
- TerminationEither party may terminate for convenience with thirty days' written noticeEither party may terminate for convenience with thirty days' written notice · Source: object_read:doc_171_003
The document
Body
Master Services Agreement, Draft
Tarnbeck Insurance Brokers Ltd and BB-Demo Limited
Status: DRAFT, Version 2 | Date: 16 December 2024
1. Definitions
Agreement: This Master Services Agreement and all schedules and amendments.
Company Brain: The analytics and chat platform provided by the Company, delivering query functionality across the Customer's connected data sources.
Connectors: Integration modules connecting the Company Brain to the Customer's systems.
Confidential Information: Non-public technical and business information disclosed under this Agreement.
Effective Date: 30 January 2025.
Expiry Date: 29 January 2026.
Services: The provision of the Company Brain – Starter tier and implementation services as detailed below.
2. Services Provided
2.1 Company Brain – Starter delivers search, pages and chat functionality, integrating up to four data connectors.
2.2 Implementation comprises data mapping, security assessment and user training, to be delivered over four weeks.
2.3 Support includes email and chat assistance, plus six-monthly strategic check-in meetings.
3. Contract Term
Read the whole document (2,887 characters)
3.1 Effective: 30 January 2025 | Expiry: 29 January 2026
3.2 Either party may terminate for convenience with thirty days' written notice.
4. Fees and Payment
4.1 Pricing Schedule
| Line Item | Unit Price | Qty | Amount | Type |
|---|---|---|---|---|
| Company Brain – Starter | £20k | 1 | £20k | Annual |
| Implementation – Starter | £6,000 | 1 | £6,000 | One-time |
| Year 1 Total | , | , | £26k | , |
4.2 Annual subscription invoiced in advance; implementation invoiced on commencement.
4.3 Payment due within thirty days of invoice date.
4.4 Exclusive of VAT at the applicable rate.
5. Service Levels
| Metric | Commitment |
|---|---|
| System Availability | 99.5% per calendar month |
| P1 First Response | Within four business hours |
| Data Refresh | Complete by 07:00 each business day (Customer's local time) |
| Service Credit | 5% of one month's subscription if availability missed |
6. Confidentiality
6.1 Each party shall protect the other's Confidential Information with reasonable care.
6.2 Disclosure required by law shall be preceded by prompt notice.
7. Liability
7.1 Neither party shall be liable for indirect, consequential or punitive damages.
8. Termination
8.1 Upon expiry or termination, the Customer shall cease use of the Company Brain and return all materials.
9. General Provisions
9.1 This Agreement, with all schedules, is the entire agreement between the parties.
9.2 Amendments require written signatures from both parties.
9.3 If any clause is invalid, the remainder continues in force.
DRAFT VERSION, NOT YET EXECUTED
Next steps: Review and feedback from legal team
Unusual terms
Current to 9 Oct 26- Draft, not executed
- Termination for convenience on thirty days' notice
- No renewal mechanism stated