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GENERAL TERMS AND CONDITIONS

1 SCOPE AND DEFINITIONS

  • These General Terms and Conditions (“General Conditions”) apply to services provided by companies belonging to Allshares Group. The contracting Allshares entity is stated in the Acceptance Form (“Provider”). If there are multiple Providers, the term Provider is to be understood as an individual Allshares entity providing its part of the Service, unless the context requires otherwise. Specifications, exceptions, and deviations to these General Conditions have been agreed in the Acceptance Form.
  • The following definitions and rules of interpretation apply in the Agreement (unless the context requires otherwise).

Acceptance Form

means the document that specifies the Service and the Parties to the Agreement.

Agreement

means the agreement between the Company and the Provider concerning the Service offered by the Provider, consisting of these General Conditions, the Acceptance Form, and any other appendices, as may be specified in the Acceptance Form.

Company
Materials

mean documents, information, items and materials in any form, whether owned by the Company or a third party, which are provided by the Company to the Provider in connection with the Service.

Confidential Information

means any information and material in whatever form disclosed by a Party or on the behalf of the Party to the other Party that is either marked as confidential, or that should reasonably be understood to be confidential by its nature or circumstances in which the information or material is disclosed.

Deliverables

means any documents, reports, products, information, materials or results of the Service to be delivered to the Company by the Provider in accordance with the Agreement and as specified and defined in the Agreement.

Group Company

means any legal entity that (a) directly or indirectly controls the Party, or (b) is under the same direct or indirect control as the Party, or (c) is directly or indirectly controlled by the Party for so long as such control exists. For the purposes of this definition, “control” will exist through a right to nominate or dismiss fifty (50) per cent or more of the members of the Board of Directors or persons performing similar functions, whether through ownership of shares or other instruments entitling to fifty (50) per cent or more of the number of votes represented at a general meeting, or otherwise.

Intellectual Property Rights

means any and all patents, utility models, design rights, copyright, domain names, trademarks, trade names, service marks and any other intellectual property rights in any jurisdiction worldwide, irrespective of whether such rights can be subject to registration or not, and applications for registration of any of the aforementioned respectively as well as any trade secrets.

Parties

mean the parties of the Agreement jointly. Parties may also individually be referred to as the Party.

Project

 means delivery of the objective of the Service specified in the   Agreement.

Provider Materials

mean any and all information, documents, items, data, database, software, knowledge, know-how, and materials possessed, created, prepared or owned by the Provider excluding the Company Materials.

Service

mean services and products delivered or provided to the Company by the Provider in accordance with the Agreement and defined and specified in writing in the Agreement and/or its appendices and which constitutes the bject of the Agreement.

2 PROVIDER’S DUTIES

  • The Provider undertakes to perform the Service in accordance with the Agreement. The Provider undertakes to perform the tasks for which it is responsible in conformity with the Agreement, with due care and with the professional skill required for the tasks. The Service will be performed using the Provider’s working methods.
  • The Service and the Provider’s duties and tasks are specified in the Agreement.

3 COMPANY’S DUTIES

  • The Company undertakes to perform its tasks for which it is responsible in conformity with the Agreement, in time and with due care. The Company will contribute to the measures consistent with the Service using its best efforts in a manner which will not jeopardise the timely performance of the Provider’s contractual duties.
  • The Company will in the agreed manner provide the Provider with sufficient and correct information needed by the Provider for the performance and completion of the Service or for the fulfilment of other Provider’s obligations related to the Service. The Company will respond as soon as possible to the Provider’s requests for further details and instructions concerning the Service.
  • For listed companies and listed financial instruments, the Company will comply with insider regulations and guidelines valid at any particular time. Prior to disclosing any inside information to the Provider, the Company agrees to notify the Provider in writing and obtain written acknowledgment from the Provider that the Provider is aware of the inside nature of the information to be disclosed.
  • The Company will be responsible for the information and instructions provided to the Provider by the Company or on behalf of the Company and for keeping them up to date. The Provider will be entitled to assume that all information and material that has been furnished to the Provider by the Company or on behalf of the Company is correct and without errors.
  • The Company ensures that the requirements, definitions and schedules set for the Service and Deliverables are stated correctly in the Agreement and that the Service and Deliverables to be delivered are suitable for the purpose and needs intended by the Company.
  • The Company undertakes to make any decisions required by the Service without undue delay and follow the schedule required by the Service. The Company will take care of the legal and other necessary measures relating to decision-making and registration of decisions.
  • The Company will inform the Provider without delay of all changes in circumstances concerning the Service.

4 SERVICE

  • The scope and the object of the Service, detailed Project, tasks, and Deliverables relating to the Service will be defined in the Agreement.
  • Delivery of Service can take place as a project delivery, separate delivery or as a continuous service. Service can also be delivered remotely over the data network. Delivery and delivery method will be specified in the Agreement.
  • The Parties will commit to agree separately in writing on any issues related to a specific Project or to the contents or the terms and conditions of the Provider’s Service to be provided under a specific Project to the extent such issues have not been covered in the Agreement.
  • The Provider has the right to amend the Service due to changes in legislation or best practices, or if it is otherwise deemed necessary by the Provider, to comply with any applicable law, decree, regulatory or security requirement, acts of government or order of authorities. The Provider also has the right to change and amend the Service in other cases, provided that such amendment or change does not have a materially negative effect on the nature or quality of the Service, and the Provider will notify the Company of any such event in advance.

5 FEES AND EXPENSES

  • The Company will pay the Provider the prices, fees and costs for Service and Deliverables in accordance with the Agreement.
  • Unless otherwise agreed in writing, the Provider will charge the Company on a time and material basis in accordance with the current prices, fee rates and payment terms of the Provider, effective on the date of the invoice.
  • The Company is responsible and will pay for any direct costs incurred to and by the Provider or involved with completing of the Service and which are agreed separately in advance and in writing, including but not limited to trading commissions and any costs invoiced or charged by auditors, lawyers, authorities, printing houses, stock exchange, book-entry system, or other third parties. Should the amount of such costs change, the prices specified in the Agreement will be revised correspondingly.
  • In case the workload or costs estimated in Agreement is exceeded for reasons not attributable to the Provider, the Provider has the right to invoice the Company for the part above the estimated workload and costs according to the agreed billing principles.
  • The Provider will be entitled to charge extra fees in respect of Service and Deliverables if the Company requires them to be performed or delivered outside the Provider’s working hours, these being from 9am to 5pm local time of the Provider. Furthermore, the Provider is entitled to charge separately for Service and deliverables not belonging to the scope or object of the Agreement but is ordered by the Company in writing.
  • Notwithstanding the aforesaid or anything contrary, the Provider will be entitled to charge, separately, for additional costs incurred as a result of the provision of incorrect information by the Company or for any other reason for which the Company is responsible.
  • The Provider has the right to charge for travel time and the necessary and reasonable travel expenses as well as reasonable accommodation costs for travels outside the Helsinki and/or Stockholm metropolitan regions made at the request of the Company or otherwise approved in advance by the Company.

6 TERMS OF PAYMENT

7 CONFIDENTIALITY

8 USE OF SUBCONTRACTORS

Each Party will have the right to subcontract its obligations under the Agreement. Each Party will ensure that its subcontractors comply with the confidentiality provisions specified in Section 7. A Party will be liable for the performance of its subcontractor as for its own performance.

9 PERSONAL DATA

10 INTELLECTUAL PROPERTY RIGHTS

11 INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS

12 FORCE MAJEURE EVENT

13 NON-SOLICIT

14 LIMITATION OF LIABILITY

15 TERM AND TERMINATION

16 NOTICES AND AMENDMENTS

17 ASSIGNMENT

Neither Party will have the right to assign the Agreement, or any of its rights or obligations hereunder, to a third party without the prior written consent of the other Party. Notwithstanding the foregoing, the Provider is entitled to assign the Agreement and any of its rights and obligations hereunder to its Group Company or a third party to which the business activities of the Provider related to the Agreement have been transferred, subject to written notice to the Company. In addition to and notwithstanding the foregoing, the Provider may transfer its receivables under the Agreement to a third party.

18 OTHER TERMS