TechCreate Solution Private Limited is appointed as a non-exclusive supplier of hardware, software, services, and systems to Customer B. The agreements include provisions for supplier warranties, indemnification against intellectual property infringement claims, termination rights, and insurance requirements. TechCreate Solution Private Limited is required to maintain minimum insurance coverage and ensure that subcontractors are insured as mandated by law. Customer B's liability under the agreement is limited to a maximum of 10% of the fees due under the statement of work. Termination conditions include breach of contract provisions, failure to meet milestones, changes in control or asset sales of TechCreate Solution Private Limited, financial deterioration, insolvency, service interruptions, force majeure events, or written notice.
Techcreate Group Ltd's Comment on Supply Chain
TechCreate Solution Private Limited is appointed as a non-exclusive supplier of hardware, software, services, and systems to Customer B. The agreements include provisions for supplier warranties, indemnification against intellectual property infringement claims, termination rights, and insurance requirements. TechCreate Solution Private Limited is required to maintain minimum insurance coverage and ensure that subcontractors are insured as mandated by law. Customer B's liability under the agreement is limited to a maximum of 10% of the fees due under the statement of work. Termination conditions include breach of contract provisions, failure to meet milestones, changes in control or asset sales of TechCreate Solution Private Limited, financial deterioration, insolvency, service interruptions, force majeure events, or written notice.
Sources:
Techcreate Group Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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