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# Contract with Velocity Auto Solutions for Carllm
**Contract Date:** October 1, 2023
**Contract Number:** C-12345-2023
**Client:** Velocity Auto Solutions
**Product:** Carllm Auto Insurance Solution
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## Terms
1. **Duration**: This contract is effective for a period of 12 months from the contract date.
2. **Payment Schedule**: Velocity Auto Solutions agrees to pay Insurellm the total fee associated with the selected subscription tier on a monthly basis, beginning on the contract date.
3. **Confidentiality**: Both parties agree to keep all proprietary information confidential and not to disclose it to any third parties without written consent.
4. **Intellectual Property**: All components of Carllm and any related technology are the property of Insurellm, and license is granted to Velocity Auto Solutions for internal use only.
## Renewal
1. **Automatic Renewal**: This contract will automatically renew for successive 12-month periods unless either party provides written notice at least 30 days prior to the end of the initial term or any renewal term.
2. **Rate Adjustment**: Subscription pricing may be subject to adjustment, with Insurellm providing a 60-day advance notice of any changes prior to renewal.
## Features
1. **Included Features**:
- AI-Powered Risk Assessment
- Instant Quoting and Customizable Coverage Plans
- Fraud Detection Systems
- Customer Insights Dashboard
- Automated Customer Support
2. **Feature Enhancements**: Velocity Auto Solutions will receive updates to the Carllm product as outlined in the Insurellm 2025-2026 Roadmap, including mobile integration and telematics-based pricing enhancements.
## Support
1. **Customer Support**: Velocity Auto Solutions will have access to Insurellm’s customer support team via email or chatbot, available 24/7.
2. **Technical Maintenance**: Regular maintenance and updates to the Carllm platform will be conducted by Insurellm, with any downtime communicated in advance.
3. **Training & Resources**: Initial training sessions will be provided for Velocity Auto Solutions’ staff to ensure effective use of the Carllm suite. Regular resources and documentation will be made available online.
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**Accepted and Agreed:**
**For Velocity Auto Solutions**
Signature: _____________________
Name: John Doe
Title: CEO
Date: _____________________
**For Insurellm**
Signature: _____________________
Name: Jane Smith
Title: VP of Sales
Date: _____________________ |