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What is a Beta Agreement?
A beta agreement is an agreement between two businesses in which one company agrees to test a product or service created by the other business. This type of agreement can be beneficial to both companies.
It allows the business that created the product or service to test it out in a real-world environment and get feedback from customers. In addition, the agreement allows the company to test the product or service to get a discounted price on the product or service potentially.
Common Sections in Beta Agreements
Below is a list of common sections included in Beta Agreements. These sections are linked to the below sample agreement for you to explore.
Beta Agreement Sample
NANOSIGNAL CORPORATION SLICES(TM) BETA TESTING AGREEMENT This Beta Testing Agreement is a legal agreement (hereinafter "Agreement") between NanoSignal Corporation (NanoSignal) and Desert Radiology (hereinafter "Licensee" and/or "Recipient"). This Agreement covers all SLICES(TM) Software, the associated media, any printed materials, data files and information and any "online' or electronic documentation ("SLICES(TM) Software") which it accompanies. This Agreement takes precedence over any other agreement or terms embedded within the SLICES(TM) Software. SECTION I. ASSENT TO BE BOUND By executing a written copy of this Agreement, or by installing, copying or otherwise using this SLICES(TM) Software pursuant to Beta testing, Licensee agrees to be bound by the terms of this Agreement. If Licensee does not agree with any term or condition, do not install and/or use the SLICES(TM) Software or product package. SECTION II. DISCLAIMER THE BETA SLICES(TM) SOFTWARE LICENSED HEREUNDER IS BELIEVED TO BE FREE OF DEFECTS AND A PRIMARY PURPOSE OF THIS BETA TESTING LICENSE IS TO OBTAIN QUANTATIVE AND QUALITATIVE FEEDBACK ON THE REAL TIME PERFORMANCE OF SLICES(TM) SOFTWARE IN MRI CLINICS AND HOSPITALS SO AS TO IDENTIFY ANY UNKNOWN INSTALLATION, SYSTEMS INTEGRATION AND/OR ANY UNKNOWN DEFECTS. LICENSEE IS ADVISED TO SAFEGUARD IMPORTANT DATA, TO USE CAUTION DURING THE COMPLETION OF THE BETA TESTING PERIOD. SECTION III. FEEDBACK FROM LICENSEE It is expressly understood, acknowledged and agreed that Licensee shall, regardless of whether or not formally requested to do, provide to NanoSignal reasonable suggestions, comments and feedback regarding the SLICES(TM) Software, including but not limited TO usability, bug reports and test results, with respect to SLICES(TM) Software testing (collectively, "Feedback"). SECTION IV. GRANT OF LICENSE Subject to the terms and conditions of this Agreement, NanoSignal grants to Licensee a non-exclusive, non-transferable license (without the right to sublicense) (i) to use the SLICES(TM) Software in accordance with the Documentation solely for purposes OF internal testing and evaluation, and (ii) to copy SLICES(TM) Software for archival or backup purposes, provided that all titles aND trademarks, copyright, and restricted rights notices are reproduced on such copies. SECTION V. RESTRICTIONS ON GRANT Except as otherwise specifically permitted in this Agreement, Licensee may not: (a) Modify or create any derivative works of any SLICES(TM) Software or documentation, including translation or localization (coDE written to published APls (application programming interfaces) for the SLICES(TM) Software shall not be deemed derivatiVE works); (b) Copy the SLICES(TM) Software except as provided in this Agreement or elsewhere by NanoSignal; (c) Separate SLICES(TM) Software, which is licensed as a single product, into its component parts; (d) Sublicense or permit simultaneous use of the SLICES(TM) Software by more than one user; (e) Reverse engineer, decompile, or disassemble or otherwise attempt to derive the source code for any Product the SLICES(TM) Software (except to the extent applicable laws specifically prohibit such restriction); (f) Redistribute, encumber, sell, rent, lease, sublicense, or otherwise transfer rights to any SLICES(TM) Software. You may NOT transfer the SLICES(TM) Software under any circumstances; (g) Remove or alter any trademark, logo, copyright or other proprietary notices, legends, symbols or labels in the Product(s); SECTION VI. BETA-SLICES(TM) 24/7 SLICES(TM) SUPPORT NanoSignal will provide 24/7 Beta testing site support to the Licensee under the terms of this Agreement. SECTION VII. OWNERSHIP AND COPYRIGHT OF SLICES(TM) SOFTWARE Title of the SLICES(TM) Software and all copies thereof remain with NanoSignal and/or its suppliers. The SLICES(TM) SoftwaRE is copyrighted and is protected by United States copyright laws and international treaty provisions. Licensee will not remove copyright notices from the SLICES(TM) Software. Licensee agrees to prevent any unauthorized copying of the SLICES(TM) Software. Except as exprESsly provided herein, NanoSignal does not grant any express or implied right to Licensee under NanoSignal patents, copyrights, trademarks, or trade secret information. SECTION VIII. TERM OF THIS AGREEMENT Licensee has the option to receive "free of charge" the SLICES(TM) Software and integrated support hardware for its exclusiVE use in the future if the Beta Testing is satisfactory. Licensee agrees to provide feedback as described in Section III hereinabove for as long as the SLICES(TM) Software is utilized and NanoSignal technical support is provided under terms to be agreed upon. UpON mutual termination of this Agreement, the rights and licenses granted to Licensee under this Agreement shall immediately terminate, and Licensee shall immediately cease using, and will return to NanoSignal (or, at NanoSignal's request, destroy), the SLICES(TM) Software, Documentation, and all other tangible items in the Licensee's possession or control that are proprietary to or contain Confidential Information. 2 SECTION IX. LIMITATION ON LIABILITY Provision of any SLICES(TM) Software under this Agreement is "as is" and shall not create any obligation for NanoSignal TO continue to develop, productize, support, repair, offer for sale or an any other way continue to provide or develop SLICES(TM) SoftwaRE either to Licensee or to any other party beyond the express 90 day Beta Test Period and/or any extensions thereof. However, if NanoSignal continues to develop, productize, support, repair, or offer for sale or in any other way continue to provide or develop SLICES(TM) Software for other parties beyond the express 90 day Beta Test Period, NanoSignal agrees to develop, support, update, aND repair SLICES(TM) Software and hardware (two units) for the licensee, free of charge for a period of 10 years. Further units will BE made available for purchase by Licensee at a 50% discount off list price. THE SLICES(TM) SOFTWARE IS PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WRRANTY OF ANY KIND INCLUDING WARANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL NANOSIGNAL OR ITS SUPPLIERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFIS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE SLICESTM SOFTWARE, EVEN IF NANOSIGNAL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SECTION X. EXPORT RESTRICTIONS Licensee acknowledges that SLICES(TM) Software is of U.S. origin. Recipient agrees to comply with all applicable internationAL and national laws that apply to the SLICES(TM) Software, including the UI.S. Export Administration Regulations, as well as end-useR, end-use and destination restrictions used by U.S. and other governments. SECTION XI. ENTIRE AGREEMENT This Agreement constitutes the complete and exclusive agreement between NanoSignal and Licensee with respect to the subject matter hereof, and supersedes all prior or contemporaneous oral or written communications, proposals, representation, understandings, or agreements not specifically incorporated herein. This Agreement may not by amended except in a writing duly signed by an authorized representative of NanoSignal and Licensee. 3 SECTION XII. CHOICE OF LAW; VENUE; AND MANDATORY ARBITRATION The parties acknowledge that this Agreement is subject to the laws of the State of Nevada and that any and all disputes, claims, and/or disagreements pertaining to, touching upon or relating to this Agreement shall be resolved by binding arbitration before the American Arbitration Association before 3 arbitrators (with each party selecting one arbitrator) in accordance with its commercial arbitration rules in the City of Las Vegas, NV). SECTION XIII. EXECUTION IN MULTIPLE COUNTERPARTS This Agreement may be executed by facsimile signature in multiple counterparts each of which will be deemed an original. EXECUTED IN THE CITY OF LAS VEGAS, NV THIS 30TH DAY OF DECEMBER 2003. ACCEPTED AND AGREED TO ACCEPTED AND AGREED TO "BETA TESTING" LICENSEE NANOSIGNAL CORP. /s/ Paul D. Bondlen /s/ Dr. Lawrence Madoff By: Paul D. Bondlen By: Dr. Lawrence Madoff 4
Reference:
Security Exchange Commission - Edgar Database, EX-10.2 4 v1176_ex10-2.txt, Viewed December 21, 2021, View Source on SEC.
Who Helps With Beta Agreements?
Lawyers with backgrounds working on beta agreements work with clients to help. Do you need help with a beta agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate beta agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
Meet some of our Beta Agreement Lawyers
Ryenne S.
My name is Ryenne Shaw and I help business owners build businesses that operate as assets instead of liabilities, increase in value over time and build wealth. My areas of expertise include corporate formation and business structure, contract law, employment/labor law, business risk and compliance and intellectual property. I also serve as outside general counsel to several businesses across various industries nationally. I spent most of my early legal career assisting C.E.O.s, General Counsel, and in-house legal counsel of both large and smaller corporations in minimizing liability, protecting business assets and maximizing profits. While working with many of these entities, I realized that smaller entities are often underserved. I saw that smaller business owners weren’t receiving the same level of legal support larger corporations relied upon to grow and sustain. I knew this was a major contributor to the ceiling that most small businesses hit before they’ve even scratched the surface of their potential. And I knew at that moment that all of this lack of knowledge and support was creating a huge wealth gap. After over ten years of legal experience, I started my law firm to provide the legal support small to mid-sized business owners and entrepreneurs need to grow and protect their brands, businesses, and assets. I have a passion for helping small to mid-sized businesses and startups grow into wealth-building assets by leveraging the same legal strategies large corporations have used for years to create real wealth. I enjoy connecting with my clients, learning about their visions and identifying ways to protect and maximize the reach, value and impact of their businesses. I am a strong legal writer with extensive litigation experience, including both federal and state (and administratively), which brings another element to every contract I prepare and the overall counsel and value I provide. Some of my recent projects include: - Negotiating & Drafting Commercial Lease Agreements - Drafting Trademark Licensing Agreements - Drafting Ambassador and Influencer Agreements - Drafting Collaboration Agreements - Drafting Service Agreements for service-providers, coaches and consultants - Drafting Master Service Agreements and SOWs - Drafting Terms of Service and Privacy Policies - Preparing policies and procedures for businesses in highly regulated industries - Drafting Employee Handbooks, Standard Operations and Procedures (SOPs) manuals, employment agreements - Creating Employer-employee infrastructure to ensure business compliance with employment and labor laws - Drafting Independent Contractor Agreements and Non-Disclosure/Non-Competition/Non-Solicitation Agreements - Conducting Federal Trademark Searches and filing trademark applications - Preparing Trademark Opinion Letters after conducting appropriate legal research - Drafting Letters of Opinion for Small Business Loans - Drafting and Responding to Cease and Desist Letters I service clients throughout the United States across a broad range of industries.
Jeremiah C.
Creative, results driven business & technology executive with 24 years of experience (15+ as a business/corporate lawyer). A problem solver with a passion for business, technology, and law. I bring a thorough understanding of the intersection of the law and business needs to any endeavor, having founded multiple startups myself with successful exits. I provide professional business and legal consulting. Throughout my career I've represented a number large corporations (including some of the top Fortune 500 companies) but the vast majority of my clients these days are startups and small businesses. Having represented hundreds of successful crowdfunded startups, I'm one of the most well known attorneys for startups seeking CF funds. I hold a Juris Doctor degree with a focus on Business/Corporate Law, a Master of Business Administration degree in Entrepreneurship, A Master of Education degree and dual Bachelor of Science degrees. I look forward to working with any parties that have a need for my skill sets.
Daehoon P.
Advised startups and established corporations on a wide range of commercial and corporate matters, including VC funding, technology law, and M&A. Commercial and Corporate Matters • Advised companies on commercial and corporate matters and drafted corporate documents and commercial agreements—including but not limited to —Convertible Note, SAFE, Promissory Note, Terms and Conditions, SaaS Agreement, Employment Agreement, Contractor Agreement, Joint Venture Agreement, Stock Purchase Agreement, Asset Purchase Agreement, Shareholders Agreement, Partnership Agreement, Franchise Agreement, License Agreement, and Financing Agreement. • Drafted and revised internal regulations of joint venture companies (board of directors, employment, office organization, discretional duty, internal control, accounting, fund management, etc.) • Advised JVs on corporate structuring and other legal matters • Advised startups on VC funding Employment Matters • Drafted a wide range of employment agreements, including dental associate agreements, physician employment agreements, startup employment agreements, and executive employment agreements. • Advised clients on complex employment law matters and drafted employment agreements, dispute settlement agreements, and severance agreements. General Counsel • As outside general counsel, I advised startups on ICOs, securities law, business licenses, regulatory compliance, and other commercial and corporate matters. • Drafted or analyzed coin or token sale agreements for global ICOs. • Assisted clients with corporate formations, including filing incorporation documents and foreign corporation registrations, drafting operating and partnership agreements, and creating articles of incorporation and bylaws. Dispute Resolution • Conducted legal research, and document review, and drafted pleadings, motions, and other trial documents. • Advised the client on strategic approaches to discovery proceedings and settlement negotiation. • Advised clients on employment dispute settlements.
George L.
I am a corporate attorney with offices in Rock Hill, SC, and Lavonia, GA. My practice is focused on contracts, tax, and asset protection planning. I act as a fractional outside general counsel to over 20 businesses in 6 countries. When not practicing law, I can usually be found training my bird dogs.
Max N.
Oklahoma attorney focused on real estate transactions, quiet title lawsuits, estate planning, probates, business formations, and all contract matters.
August 14, 2022
Madeline P.
I am the CEO and attorney at my law firm that I started in June 2020 (as other businesses were shuttering due to Covid-19). I am currently seeking contract work to supplement my case load as I recently finalized numerous family law cases within a short timeframe.
August 16, 2022
John C.
Licensed to practice law in the states of Missouri and Kansas. Have been licensed to practice law for 44 years. Have been AV rated by Martindale Hubbel for almost 30 years.
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ContractsCounsel User
Beta Test Agreement
Location: California
Turnaround: Less than a week
Service: Drafting
Doc Type: Beta Agreement
Number of Bids: 2
Bid Range: $1,200 - $1,450
ContractsCounsel User
Fee for Success Agreement
Location: Wisconsin
Turnaround: A week
Service: Contract Review
Doc Type: Beta Agreement
Page Count: 3
Number of Bids: 3
Bid Range: $350 - $650
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