4 | P a g e
7. Intellectual Property Rights
7.1. All GS4ED Intellectual Property Rights including but not limited to such rights in the GS4ED
Technology shall remain the sole and exclusive property of GS4ED. To the extent it may
become necessary to do so, you agree to execute all documents which GS4ED may
reasonably require to secure and maintain the Intellectual Property Rights in the GS4ED
Technology.
7.2. All Intellectual Property Rights in your Material shall remain the sole and exclusive property
of You. Solely for the Term of this Agreement, each Party hereby grants to the other a
worldwide, non-exclusive, and non-transferable licence to use the GS4ED Technology or
your Material (whichever applicable), and only to the extent necessary for GS4ED to
provide, and you to use, our Services and Technology.
7.3. You agree not to copy, modify, decompile, reverse assemble, disassemble or make any
adaptation or derivative of, sell, resell, transfer, license, sublicense or distribute the GS4ED
Technology.
8. Term and Termination
8.1. The provision of the Services will commence on the Service Commencement Date and,
unless terminated earlier in accordance with this Agreement, shall endure for the Initial
Term.
8.2. After the Initial Term (or any renewed Term), this Agreement continues for a further Term
of 12 months, unless either Party gives the other Party written notice not to renew this
Agreement at least 90 days prior to the end of the Initial Term (or the renewed Term), as the
case may be.
8.3. The Service Charges payable for a renewed Term must be the same amount as was payable
immediately before expiry of the prior Term, unless varied pursuant to this Agreement. For
the avoidance of doubt, the terms that shall apply following any extension may differ from
those terms which applied immediately prior to the extension and may be subject to an
additional Service Charge.
8.4. If a Party breaches any provision of this Agreement, the other Party may: a) suspend
provision of the Services or payment of any amounts otherwise due (as the case may be)
until the breach is remedied by the Party in breach; and b). terminate this Agreement, if the
Party in breach remains in breach of any such provision after receiving at least 30 days’
notice in writing from the other Party identifying the breach and requesting its remedy.
8.5. Either Party may terminate this Agreement immediately if the other Party: a). enters into
any arrangement between itself and its (or any class of its) creditors; b). ceases to be able to
pay its debts as they become due; c). ceases to carry on business; d). has a mortgagee enter
into possession or disposes of the whole or any part of its assets or business; e). enters into
liquidation or any form of insolvency administration; or f). has a receiver, a receiver and
manager, a trustee in bankruptcy, an administrator, a liquidator, a provisional liquidator or
other like person appointed to the whole or any part of its assets or business.
8.6. If GS4ED terminates this Agreement, you must immediately pay to GS4ED the total of all
amounts then due to GS4ED pursuant to this Agreement.
8.7. If GS4ED terminates this Agreement on any of the grounds set out in clauses 8.5 or 8.6 you
are not entitled to a refund or adjustment of any applicable Transition Fee or of any Service
Charges paid to GS4ED.
8.8. If you terminate this Agreement on any of the grounds set out in clauses 8.5 or 8.6, you are
entitled to a pro-rata refund of any part of the Service Charges it has paid for Services to be
supplied after the date of termination.
8.9. If You terminates this Agreement before the end of the initial Term (or any renewed Term),
you may at our discretion become subject to a termination payment of the minimum
monthly Service Charges for the remaining months of the Agreement.