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Product-Evaluation-Agreement - ProductEvaluationAgreement

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1
PRODUCTEVALUATIONAGREEMENT
(“COMPANY”)andIdahoStateUniversity(“ISU”)enterthis
ProductEvaluationagreement,pursuanttothefollowingtermsandconditions:
1. Companyagreestoprovidethefollowingproduct(s)toISUfrom [STARTDATE]through
[ENDDATE]:

DESCRIPTION MODELNUMBER QT
Y
UNITVALUE



2. Companyagreestoloantheabove‐listedproduct(s)tothe
[DEPARTMENT/COLLEGE/SCHOOL]ofISUforthepurposeof_________________________________________________.
ThisagreementdoesnotconstituteanagreementtopurchaseorintenttopurchasebyISU.Thecompany
understandsthatthestateofIdahomayrequireacompetitivesolicitationtoacquiretheproductbeing
evaluated.
3. Companywilldelivertheabovelistedproduct(s)to
[CAMPUSADDRESS]andinstalltheproduct(s).Ifinstructionsonproper
useandmaintenancearerequired,companyagreestoprovidethatinstructionatthetimeofinstallation
atnocosttoISU.
4. Companyagreestopayallchargesfordeliveryoftheproduct(s)toISUandagreestopayallchargesfor
thereturnoftheproduct(s)tothecompany.
5. Companyagreestopayforanycostorexpensesassociatedwiththenormalmaintenanceandrepairof
theproduct(s)necessarytokeeptheproduct(s)ingoodoperatingcondition.ISUagreesthatitwillnot
permittheproduct(s)tobeservicebyanynon‐companypersonnelwithoutfirstobtainingthewritten
authorizationofcompanytodoso.
6. Companywarrantsandrepresentsthattheproduct(s)beingprovidedtoISUpursuanttothisagreement
conformtoallmanufacturer’sspecificationsandarefitforISU’sintendeduses.Companyfurther
warrantsandrepresentsthatithaspaidallnecessaryroyaltiesandlicensefeesforpatents,copyrights,
trademarks,servicemarks,inventionrightsthatmaybeassociatedwiththeproduct(s)beingprovided.
CompanyagreestodefendagainstandindemnifyISUforanyclaimsofinfringementofathirdparty’s
proprietaryrightstoorinterestsintheproduct(s).
7. Totheextentpermittedbylaw,companyagreestoindemnifyanddefendISUforanyinjuries,damages,
penalties,claimsorlosses,includinglegalexpensesincurredbyISUresultingfromtheownership,
transportation,installation,maintenance,condition,normaloperation,intendeduse,returnor
dispositionoftheproduct(s).
8. Ownershipandtitleofallproduct(s)subjecttothisagreementwillremainsolelywiththecompany.
Accordingly,companyisresponsibleforpaymentofalltaxesandinsurancepremiumsassociatedwith
ownershipoftheproduct(s).CompanyagreestoprovideproofofinsuranceuponrequestbyISU.
9. ISUagreesnottoremoveanyplaquesorlabelsaffixedtotheproduct(s).
10. ISUagreesthattheproduct(s)willnotbesold,loaned,transferred,usedascollateralorusedinanyway
thatjeopardizesthecompany’sownershipinterestintheproduct(s).
11. InconnectionwithISU’sevaluationoftheabove‐listedproduct(s),itmayreceiveproprietaryinformation
ofcompany.ISUagreestoholdsuchproprietaryinformationinconfidenceandnottodisclosesuch
informationtoothersunlessrequiredbylaworcourtorder.
12. ISUagreestousetheproduct(s)asinstructedbycompany,consistentwithitsnormalfunctions,andin
compliancewithallapplicablelawsanAgreemdalllicensessuppliedwiththeproduct(s).ISUagreesto
returntheproduct(s)inthesameconditionasitwasreceivedsubjecttonormal“wearandtear”.
2
13. Thepartiesagreethattheirdamagesasaresultofabreachofthisagreementarelimitedtothevalueof
theproduct(s)atthetimeofthebreach.Neitherpartyisentitledtoconsequential,incidental,punitiveor
specialdamagesasaresultofabreachofthisagreement.
14. Thisagreementterminateson___________________.Itiscompany’sresponsibilitytoensurethatthe
product(s)isremovedfromISU’spremiseswithintwobusinessdaysoftheterminationofthis
agreement.Eitherpartyhastherighttoterminatethisagreementatanearliertimeforanyreason
whatsoeveruponfivedaysadvancewrittennotice.
15. Thisagreementandanydisputearisinginconnectionwithitsoperationorexecutionwillbeconstruedin
accordancewithandgovernedbythestatutesandcommonlawoftheStateofIdaho,includingthechoice
oflawprinciplesofIdaho.
16. Thisagreement,consistingof_____pages,reflectstheentireagreementofthepartiesrelativetothe
subjectmattercontainedhereinandsupersedesallpriororcontemporaneousoralorwritten
understandings,statements,representationsorpromises.Thisagreementcanonlybemodifiedinwriting
signedbythepartiestothisagreement.
APPROVEDANDAGREEDonthis_____dayof________,________by:
IdahoStateUniversity:[COMPANY]:

SignatureSignature

PrintedNamePrintedName

TitleTitle

DateDate
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Product-Evaluation-Agreement - ProductEvaluationAgreement

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Completed 10 February 2020

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