Extracted Data from Partnership Agreement

Effective Date

Date: December 1, 2024


Parties Involved
First Party: GlobalTech Solutions Inc.  

Address: 1501 Mission Street, San Francisco, CA, 94103  
Representative: Sarah Johnson, Chief Operations Officer  
Contact Email: sarah.johnson@globaltech.com  
Contact Phone: +1-415-555-6319  

Second Party: Swift Logistics LLC  

Address: 8901 Commerce Drive, Austin, TX, 78758  
Representative: Michael Smith, Managing Director  
Contact Email: michael.smith@swiftlogistics.com  
Contact Phone: +1-512-555-2935  


Recitals


Purpose:

This Agreement establishes a formal partnership between GlobalTech Solutions Inc., a leader in supply chain technology, and Swift Logistics LLC, a premier logistics services provider, to collaborate on projects enhancing operational efficiency and customer satisfaction.


Acknowledgment:

Both parties acknowledge their mutual intent to work collaboratively under the terms outlined herein and comply with all applicable federal and state laws governing this Agreement.



Terms and Conditions
1. Confidentiality
1.1 Both parties agree to maintain confidentiality of all proprietary and sensitive information shared under this Agreement.

1.2 Confidentiality obligations remain in effect for a period of 5 years post-termination.

1.3 Exclusions: Information already in the public domain or obtained independently is not subject to confidentiality obligations.
2. Payment Terms
2.1 Swift Logistics LLC will pay GlobalTech Solutions Inc. an annual service fee of $100,000.

2.2 Payment will be made in quarterly installments of $25,000 each, due within 15 days of invoice receipt.

2.3 Late Payment Penalty: A late fee of 1.5% per month will apply to overdue amounts.
3. Term and Termination
3.1 The Agreement commences on December 1, 2024, and remains in effect for an initial period of 3 years unless terminated earlier.

3.2 Either party may terminate the Agreement with a 90-day written notice.

3.3 Grounds for Immediate Termination: Breach of contract, insolvency, or unethical business practices.
4. Responsibilities of Parties
4.1 GlobalTech Solutions Inc.:  

Provide expert consulting services related to supply chain optimization.  
Deliver quarterly reports detailing project progress, risks, and recommendations.

4.2 Swift Logistics LLC:  

Facilitate access to necessary operational data and resources.  
Ensure timely communication and feedback on deliverables.

5. Intellectual Property
5.1 All deliverables created under this Agreement remain the intellectual property of GlobalTech Solutions Inc.

5.2 Swift Logistics LLC is granted a non-exclusive license to use the deliverables solely for internal purposes.
6. Dispute Resolution
6.1 All disputes will be resolved through arbitration in the state of California.

6.2 Arbitration costs will be shared equally between the parties.
7. Governing Law
7.1 This Agreement shall be governed by and construed in accordance with the laws of the State of California.
8. Force Majeure
8.1 Neither party shall be liable for failure to fulfill obligations due to events beyond their control, including natural disasters, government actions, or labor disputes.

Reporting and Communication

Both parties agree to hold bi-weekly meetings to review project progress.  
Communication channels:  

Primary Contact for GlobalTech Solutions Inc.: Sarah Johnson (sarah.johnson@globaltech.com)  
Primary Contact for Swift Logistics LLC: Michael Smith (michael.smith@swiftlogistics.com)  




Indemnification

Each party agrees to indemnify and hold the other harmless from claims, damages, or liabilities arising from the indemnifying party’s actions.


Signatures
For GlobalTech Solutions Inc.:

Signature: ___

Name: Sarah Johnson

Title: Chief Operations Officer

Date: __  
For Swift Logistics LLC:

Signature: ___

Name: Michael Smith

Title: Managing Director

Date: __  

Annexure A: Scope of Work


Phase 1: Data Collection and Analysis (Dec 2024 - Feb 2025)  

Detailed assessment of Swift Logistics LLC’s current supply chain practices.  



Phase 2: Strategy Development (Mar 2025 - May 2025)  

Propose actionable strategies for optimization.  



Phase 3: Implementation Support (Jun 2025 - Dec 2025)  

Provide on-site and remote support during the implementation phase.  



Phase 4: Monitoring and Reporting (Jan 2026 - Dec 2027)  

Ongoing analysis and reporting on key performance metrics.  




Data extracted on: December 11, 2024