Subscription Agreement between the service-providing Company and the Subscriber (e.g. media company) with different subscription plans. This is drafted in favour of the subscriber.
The Subscriber agrees to subscribe to the service of the Company (“Service”) on the following terms:
The Company shall provide the Service to the Subscriber on the terms and conditions of this Agreement.
The Service Period shall commence on the Commencement Date and shall continue for such period as stated in Clause 1 (or such other period as agreed in writing between the Subscriber and the Company) unless terminated earlier:
(a) as provided by the terms of this Agreement; or
(b) by either Party giving to the other prior written notice of not less than the period as stated in Clause 1.
If the Subscriber terminates the Agreement for any reason within the Service Period, the Subscriber will be billed on a pro-rata basis of the total charge of the remaining period or the Subscriber can replace this Agreement with another agreement of equal or greater than the Agreement revenue commitments.
The Agreement shall be renewed automatically for a successive one-year term and onwards unless either party provides the other with written notice of its intent to terminate prior to the end of the Service Period or any renewal period. The Agreement can be terminated at any time during any such renewal period.
This document should be carefully read by both the Subscriber and the Service Provider.
This service agreement / subscription agreement may be used upon the Subscriber subscribing to a Service Provider, to outline the subscription plan and subscription fee.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
The Subscription fee, Subscribed service, Commencement date, Period of service provision, etc. should all be clearly stated in the agreement.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.
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