v20240328

GT1. Definitions and Interpretation

1.1. All capitalised terms used herein, but not defined in this clause 1, shall have the meanings ascribed to them in the License Agreement.

1.2. “Affiliate” means any subsidiary or a subsidiary of the holding company of a party, or any entity that Controls, is Controlled by or is under common Control with a party.

1.3. “License Agreement” means the License Agreement, all addendums, plus any further attachments or Order Forms identified as incorporated into the License Agreement, and these GTC, which is incorporated into the License Agreement, as if specifically recorded therein.

1.4. "Business Day" means a day other than a Saturday or a Sunday or a day which from time to time is a proclaimed public holiday in England;

1.5. "Control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the entity through the ownership of voting securities representing fifty per cent (50%) plus one of the possible votes;

1.6. “Confidential Information” shall include all information owned by the parties and/or their Affiliates and disclosed to the other party and/or its Affiliates in terms of the provisions of the License Agreement, which shall include, but not be limited to technical data and know-how which has been and is disclosed to it by the disclosing party and which is stated to be or is by nature intended to be confidential, including, but without being limited to, information relating to the disclosing party’s products, services, development, inventions, processes, designs, product specifications, plans, drawings, customers, supply and purchasing agreements, pricing and all other data whether of a financial, technical, labour related, marketing, administrative or accounting nature

1.7. “Customer Data” means all electronic data or information that Customer or any authorised user loads or enters into the Software and all results from processing such data.

1.8. “Customisation” refers to the addition and/or alteration of core application software code.

1.9. “GTC” means these General Terms and Conditions, which form part of and are deemed to be incorporated into the License Agreement between Silversoft and Customer.

1.10. “Order Form” means a document executed by the parties, for an expansion or addition of existing Software, which references these GTC, and which will be deemed to be incorporated into the License Agreement, as if specifically recorded therein.

1.11. “Signature Date” means the date of signature of the License Agreement by the party last signing;

1.12. “Silversoft” means the Silversoft entity whose details are set out in the License Agreement.

1.13. Any reference to any law shall include references to any amendment, modification or re-enactment of any such law (whether before or after the date of the License Agreement), to any previous enactment which has been replaced or amended and to any regulation or order made under such statutory provision or enactment.

1.14. References to the annexures and clauses are, unless otherwise specified, references respectively to the annexures and clauses to and of the License Agreement. References to annexures and annexures are to the annexures and annexures as amended and/or updated from time to time, as contemplated in the License Agreement.

1.15. Words importing one gender shall be treated as importing any gender, words importing individuals shall be treated as importing corporations and vice versa, words importing the singular shall be treated as importing the plural and vice versa, and words importing the whole shall be treated as including a reference to any part thereof.

1.16. Clause headings are inserted for ease of reference only and shall not affect the construction of the License Agreement.

1.17. Where any term is defined within the context of any particular clause in the License Agreement, the term so defined shall, unless it appears clearly from the clause in question that such term has limited application to the relevant clause, bear the meaning ascribed for all purposes in terms of the License Agreement, notwithstanding that such term has not been defined in this clause.

1.18. Save where clearly indicated to the contrary, expressions defined in the License Agreement shall bear the same meanings in any annexure unless such annexure contains an alternative definition for such expressions.

1.19. The rule of construction that provisions are to be construed against the party drafting an agreement or part of an agreement or on whose behalf an agreement or part of an agreement was drafted shall not apply to the License Agreement.

1.20. All rules of interpretation providing for the limitation of general words and terms due to their association with words and terms of a specific nature shall not apply to the License Agreement.

1.21. The use of any expression in the License Agreement referring to a process, position or office under English law shall be construed as including any equivalent or analogous proceedings under the laws of any other relevant jurisdiction.

1.22. A reference to a number of Business Days in the License Agreement shall be exclusive of the first Business Day and inclusive of the last Business Day.

1.23. Should the day for the performance of any obligation in terms of the License Agreement fall on a day which is not a Business Day, then such obligation shall be performed on the next day which is a Business Day.

1.24. The expiration or termination of the License Agreement shall not affect such of its provisions as expressly provide that they will continue to apply after such expiration or termination, or which of necessity must continue to apply after such expiration or termination.

1.25. Any communication which is required to be "in writing" shall include a communication which is written or produced by any substitute for writing or which is partly written and partly so produced, and shall include printing, electronic mail or any form of electronic communication or other process, or partly one and partly another.

1.26. The License Agreement shall be binding on and enforceable upon the successors in title, permitted assigns or liquidators of the parties as fully and effectually as if they had signed the License Agreement in the first instance, and reference to any party shall be deemed to include such party's successors in title, permitted assigns or liquidators, as the case may be.

1.27. The License Agreement (meaning, for the purpose of this sub-clause 1.27, the agreement signed by the parties and headed “License Agreement”) will take precedence over any conflicting terms, including any in the GTC or an Order Form, unless otherwise specified in the License Agreement.

​GTC2. Fees, Payment Terms

2.1. All amounts payable by Customer to Silversoft shall be paid free from deduction or set-off for any reason whatsoever.

2.2. In the event that Customer defaults in making payment of any amount that is due and owing to Silversoft, then, ten (10) days after written notice to Customer:

2.1.1. the full balance outstanding (whether due or not) will become due and payable; and

2.1.2. Silversoft may suspend performance, in which event, Customer will have no access to any Customer Data and Silversoft will have no obligation to provide Customer with copies of Customer Data.

2.3 Silversoft may charge interest on all overdue amounts at the rate of one comma five percent (1,5%) per month. Such interest shall be calculated on a compounded basis, monthly in advance, from due date of payment until date of receipt of payment.

​GTC3. Customer Data

‍Customer owns all rights, title and interest in and to the Customer Data and is solely responsible for the accuracy, integrity, quality, legality, reliability, appropriateness of and copyright permissions of such data and for adopting procedures to identify and correct errors and omissions in the Customer Data.

​GTC4. Data Protection

‍In respect of any Processing of Personal Data under the License Agreement, each party shall comply with the obligations that apply to it under Applicable Data Protection Law in relation to the Personal Data. For the purposes of this License Agreement, "Personal Data", and "Process/Processing/Processed" have the meanings given in Applicable Data Protection Law. Applicable Data Protection Law means: (i) Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation or GDPR); (ii) Directive 2002/58/EC of the European Parliament and of the Council of 12 July 2002 concerning the processing of personal data and the protection of privacy in the electronic communications sector (as amended or replaced from time to time) and applicable laws implementing that directive in European Union Member States; and (iii) any other data protection or privacy legislation that applies to the parties from time to time, including where both parties are located outside of the European Union. Customer will ensure that it has all necessary and appropriate consents and notices in place to enable lawful transfer of any Personal Data necessary for the duration and purposes of the License Agreement and Customer hereby indemnifies Silversoft in full against any and all claims arising from any Customer-provided Personal Data.

​GTC5. Liability

‍Nothing in the License Agreement excludes the liability of either party for death or personal injury caused by such party’s negligence or for fraud or fraudulent misrepresentation. Subject to the foregoing, Silversoft shall not be liable whether in delict (including for negligence or breach of statutory duty), contract, misrepresentation, restitution or otherwise for any loss of profits, loss of business, depletion of goodwill and/or similar losses or loss or corruption of data or information, or pure economic loss, or for any special, indirect or consequential loss, costs, damages, charges or expenses however arising under the License Agreement, and Silversoft’s total aggregate liability in contract, delict (including negligence or breach of statutory duty), misrepresentation, restitution or otherwise, arising in connection with the performance or contemplated performance of the License Agreement shall be limited to the total Fees paid for the Subscription Period within which the claim arose.

​GTC6. Breach and Termination

‍Should either party (“the Defaulting Party”) breach any provision of the License Agreement and fail to remedy such breach within seven (7) days after receiving written notice from the other party (“the Wronged Party”) requiring such remedy, then (irrespective of the materiality of such breach or provision) such Wronged Party shall be entitled, without prejudice to its other rights in law, including any right to claim damages, to cancel the License Agreement, alternatively, to claim immediate specific performance of all of the Defaulting Party’s obligations, whether or not otherwise then due for performance.

​GTC7. Governing Law; Jurisdiction

‍This License Agreement and any dispute or claim arising out of, or in connection with it, or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales, and the parties irrevocably submit to the exclusive jurisdiction of the English courts for any dispute arising in connection with the License Agreement, save that nothing in the License Agreement shall prevent Silversoft from bringing any proceedings against Customer in any other jurisdiction in which Customer has any business or assets. The parties waive, to the fullest extent permitted by law, any objection which they or either of them may now or hereafter have to the laying of the venue of any such action or proceeding brought in the English courts, and any claim that any such action or proceeding brought in the English courts has been brought in an inconvenient forum.

​GTC8. Change of Control

‍Customer shall notify Silversoft in writing thirty (30) days prior to a change in shareholding which results in the persons/enterprises in whom the Control presently vests, no longer being in Control. Failing such notice, the entire balance owing by Customer to Silversoft, whether due or not, shall immediately become due and payable by Customer.

​GTC9. Domicilium

‍The parties choose domicilium citandi et executandi for all purposes arising out of the License Agreement at their physical addresses stipulated in SECTION 1 – PARTIES of the License Agreement. The parties shall be entitled from time to time by written notice to one another, to vary their domicilium citandi et executandi to any other physical address. Notwithstanding anything to the contrary herein contained, a written notice or communication actually received by a party shall be an adequate written notice or communication to it notwithstanding that is not sent to or delivered at its chosen domicilium citandi et executandi.

​GTC10. Force Majeure

‍Neither party shall be liable to perform its obligations to the extent that it is prevented from or delayed in the carrying on of its obligations hereunder due to circumstances beyond its reasonable control including, but not limited to, acts of God, fire, flood, war, acts of terrorism, riot, civil commotion, governmental actions (excluding regulatory change) and any similar events beyond the reasonable control of the non-performing party (“Force Majeure”). If the performance by either party of any of its obligations under the License Agreement is prevented or delayed by Force Majeure for a continuous period in excess of sixty (60) days, the other party shall be entitled to terminate the Agreement by giving written notice to the party affected by the force majeure.

​GTC11. Whole Agreement

‍The License Agreement is the entire agreement between Silversoft and Customer in regard to the subject matter thereof, and supersedes all prior or contemporaneous oral or written communications, proposals and representations relating to the subject matter of the License Agreement, including those made during the license and services sales process by Silversoft representatives. Any purchase order or other document issued by Customer (including any online terms as part of a required procurement process) will not alter, be incorporated into, or supplement the License Agreement. By accepting an Order Form for an expansion or addition of existing Software that references the License Agreement, Customer agrees that existing Software of the same type shall become subject to and part of the License Agreement.

​GTC12. Cession; Assignment

‍No part of this License Agreement may be ceded, assigned, transferred or made over by either party without having secured the prior written consent of the other party, which consent shall not be unreasonably withheld.

​GTC13. Indulgence

‍Any condonation of any breach of any of the provisions hereof or other act or relaxation, indulgence or grace on the part of a party, shall not in any way operate as or be deemed to be a waiver by that party of any rights under thee Agreement, or be constructed as a novation thereof.

​GTC14. Severability

‍Each clause of the License Agreement is severable, the one from the other, and if any one or more clauses are found to be invalid or unenforceable, that clause/clauses shall not affect the balance of the License Agreement, which shall remain in full force and effect.

​GTC15. Variation

‍Customer acknowledges that no terms at variance with the terms and conditions of the License Agreement and which have been sought to be introduced by Customer at any time shall be of any force or effect unless Silversoft has, in writing, expressly agreed that the terms so sought to be introduced by Customer shall apply. Without derogating from the generality of the aforegoing, Silversoft shall not be regarded as having so expressly agreed by virtue merely of Silversoft having agreed to execute an order in which the inconsistent terms have been introduced by Customer and notwithstanding that Silversoft has not rejected such inconsistent terms

​GTC16. Authority

‍Each party representative warrants to the other that it has power, authority and legal right to sign and perform the License Agreement and that the License Agreement has been duly authorised by all necessary actions of its directors and constitutes valid and binding obligations on it in accordance with the terms of the License Agreement.

​GTC17. Media

‍Upon signature of the License Agreement, Silversoft may post a concise public announcement, as well as a more detailed public announcement and case study post completion of the statement of work.

​GTC18. Maintenance

‍Maintenance duration and maintenance Fees (for non-SaaS licenses only) will be prorated to coincide with a calendar year. E.g., if the Subscription Start Date is 1 June 2024, maintenance will commence on 1 June 2024 until 31 December 2024. Maintenance shall automatically renew at the Fees stated in the License Agreement, subject to any annual price adjustments, for subsequent, fixed calendar years, unless Customer gives Silversoft written notice by not later than 30 September of the then current Subscription Period of its intention to terminate maintenance. Customer may not reduce or cancel maintenance on any portion of Software (unbundling maintenance).

​GTC19. Confidential Information

19.1. Subject to clause 19.2, neither party shall in any way, whether directly or indirectly, announce or disclose to any third party any confidential information disclosed by the one party ("Disclosing Party") to the other or acquired from the Disclosing Party in connection with the License Agreement and the negotiation between the parties.

19.2. Either party may disclose Confidential Information referred to in clause 19.1 to its staff, professional advisers, agents and consultants should that be strictly necessary for the negotiation referred to in the License Agreement, provided that that party takes whatever steps are necessary to ensure that those persons agree to keep that information confidential in order to prevent the unauthorised disclosure of the confidential information to third parties.

19.3. The restrictions set out in clauses 19.1 and 19.2 do not apply to any information which:-

19.3.1. at the date of its disclosure is within the public domain or which subsequently becomes within the public domain (other than by reason of a breach of the provisions of the License Agreement);

19.3.2. is or was lawfully within possession of the acquiring party prior to being acquired by it from the Disclosing Party or is acquired by the acquiring party thereafter from a third party who lawfully acquired such information without restriction and who had not previously obtained the confidential information directly or indirectly from the Disclosing Party under a confidentiality obligation from the Disclosing Party;

19.3.3. is required to be disclosed by law, or a stock exchange rule or an order of a court of competent jurisdiction, or

19.3.4. is, by agreement between the parties, disclosed in connection with efforts to obtain any regulatory approvals or consents.

​GTC20. Consent

‍Silversoft has Customer’s consent at all times to contact and request information from any person, credit bureau or business to obtain information regarding Customer’s, as well as Customer’s then current and prospective directors and shareholders’ creditworthiness. Customer shall procure such directors’ and shareholders’ consent for this purpose, in so far as it is required by law.

 GTC21. Contracts (Rights of Third Parties) Act 1999

‍Other than by Silversoft’s Affiliates, no term herein, express or implied, is enforceable pursuant to the Contracts (Rights of Third Parties) Act 1999 by any person who is not a party to this License Agreement.

​GTC22. Approvals

‍This License Agreement and/or tax invoices raised pursuant thereto may be subject to approval by the parties’ exchange control authorities. The parties shall ensure that all required formal applications for approval of this License Agreement and/or tax invoices by the applicable exchange control authorities has been granted and provide proof of such approval to the other party.

​GTC23. Taxation

‍Unless a double taxation agreement between England and the Customer’s country of residence from time to time permits payments due in terms of this License Agreement to be made without deduction of withholding or other taxes, any amounts in respect of withholding or other taxes which the applicable law requires to be deducted from payments due in terms of this License Agreement shall be deducted from such payments. The party making such deduction shall promptly furnish the other party with a certificate of payment from the appropriate authority confirming that such taxes have been paid.

 GTC24. Confirmation of Compliance with Local Laws

‍Each party confirms that it has obtained legal advice confirming that the provisions of this License Agreement comply with all applicable laws within the countries in which it will operate.

​GTC25. Languages

‍This License Agreement has been made in the English language and may be translated into another language. In the event of any conflict between the two texts, the English version of this License Agreement shall prevail. If any document provided in terms of this License Agreement is not in the English language or is not in metric units, the Customer shall forthwith, at Silversoft’s request, provide Silversoft with translations into the English language and the document shall be changed to reflect metric units.

​

GTC26. Travel & Accommodation

Customer will be liable for all travel and/or accommodation costs related to consulting or training services, which will be invoiced separately to Customer. A minimum of economy class flights and 3 star accommodation is required.