The following terms (and their grammatical variants provided the initial letter is capitalised), when used in these Terms and Conditions or an Order Form will have the following meanings:
- Affiliates
- an entity that directly or indirectly Controls, is Controlled by, or is under common Control with another entity, so long as such Control exists.
- AI Models
- means artificial intelligence, deep learning or machine learning (collectively, “AI”) processing or computing models (whether trained or untrained), including related algorithms, weights, parameters, structure and architecture.
- AI Technology
- means (a) AI Models, (b) other techniques that enable computers to mimic human intelligence, including (i) deep learning, machine learning, and other AI technologies and algorithms, software, or systems that make use of or employ neural networks, and (ii) statistical learning algorithms or reinforcement learning, and (c) software, hardware and other technologies used to train, test and/or deploy any of the foregoing.
- Authorised Users
- employees and other personnel of Customer who are authorised to use the Platform by Customer. The number of Authorised Users (if limited to a specific number) is agreed in the relevant Order Form.
- Background IP
- all Intellectual Property created, developed or conceived by or on behalf of Hiverge: (a) prior to the Effective Date; or (b) independently of any Order Form.
- Commercially Reasonable Efforts
- with respect to activities of a party, those efforts and resources typically used by that party to achieve or fulfil a similar objective or obligation that was in its own interest in similar circumstances but in any event no less than the effort and resource that would be used by a similar company acting reasonably in such circumstances, provided, however, that the party will not be required to sacrifice its commercial interests in order to achieve or fulfil such objective.
- Confidential Information
- any information or data disclosed by either party that is marked or otherwise designated as confidential or proprietary or that should otherwise be reasonably understood to be confidential in light of the nature of the information and the circumstances surrounding disclosure. However, “Confidential Information” will not include any information which: (a) is in the public domain through no fault of receiving party; (b) was properly known to receiving party, without restriction, prior to disclosure by disclosing party; (c) was properly disclosed to receiving party, without restriction, by another person with the legal authority to do so; or (d) is independently developed by receiving party without use of or reference to the disclosing party’s Confidential Information.
- Configuration Data
- any code, content or configuration data that is provided to the Platform by Customer or an Authorised User for the purpose of fine-tuning or customizing the Services to a specific need or use-case.
- Contract Year
- each successive 12-calendar-month period commencing on the Effective Date or an anniversary thereof.
- Control
- beneficial ownership of fifty percent (50%) or more of the voting power or equity in an entity or under English law, the legal power to direct or cause the direction of the general management, of the company, partnership or other legal entity.
- Customer Data
- means (i) any source code, object code, data, information, content, or material that the Customer (including its Authorised Users) uploads, submits, stores in, or transmits through the Platform, including Input; and (ii) Output.
- Documentation
- any documentation for the Services produced by Hiverge and delivered or made available by Hiverge to Customer.
- Initial Service Term
- means a period of twelve (12) months commencing on the Effective Date.
- Input
- any and all code, data or other materials submitted to the Platform by Customer or an Authorised User and includes Configuration Data.
- Intellectual Property
- all patents, rights to inventions, copyright and related rights, moral rights, database rights, trademarks and tradenames, rights to goodwill and to sue for passing off, rights in designs, rights in Confidential Information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered, and including all applications (and rights to apply) for, and renewals and extensions of and rights to claim priority from such rights and all similar or equivalent rights and forms of protection which subsist or will subsist now or in the future in any part of the world.
- Liable / Liability
- any liability arising under, out of or in connection with these Terms and Conditions and any Order Form, whether or not foreseeable or in the contemplation of the parties at any time, in or under contract, tort (including negligence), breach of statutory duty, misrepresentation, indemnity, restitution or otherwise.
- Losses
- any losses, damages, Liabilities, costs, charges, and expenses, including reasonable legal fees and/or penalties.
- Order Form
- a work order form, quote or other similar digital document or web-based process entered into by each of the parties (or its Affiliate) that references these Terms and Conditions and sets forth the specific subscription length for the Services, pricing thereof and other commercial terms and is executed by both parties.
- Output
- any and all content, algorithmic results, or other output generated or executed by the Platform in response to Input and delivered to Customer.
- Permitted Purpose
- means the specific and limited use of the Platform by Customer and Authorised Users for their internal business operations and any other purposes expressly set out in the relevant Order Form.
- Platform
- Hiverge’s cloud-based solution that uses AI Technology to automate the design and optimization of algorithms for critical, complex optimization challenges.
- Services
- the provision of the Platform.
- System Data
- anonymised and aggregated data collected by Hiverge regarding the Services and the use of the Services by Customer and Authorised Users that does not identify or permit identification of Customer or any Authorised User. System Data does not include Customer Data.
- Term
- the Initial Service Term and any subsequent renewal term.