Equipment Lease & Service Agreement - Parrish & Freitag
EQUIPMENT LEASE AND SERVICE AGREEMENT
This EQUIPMENT LEASE AND SERVICE AGREEMENT (“Agreement”) is entered into effective as of the 13th day of August, 2020 (the “Effective Date”) by and between Computer Technologies, Inc. (the “Company”) and Parrish & Freitag, LTD., (the “Lessee/Client”). The Company and Lessee may each be individually referred to herein as a “Party” and collectively as the “Parties.”
WHEREAS, the Company is the owner of certain Equipment and will provide certain Services described in Section One and Section Two of this Agreement; and
WHEREAS, Lessee desires to lease the Equipment from the Company and acquire the Company’s services to provide information technology support. The Company agrees to lease the Equipment to Lessee and provide information technology support for the Lessee under the terms and conditions set forth in this Agreement.
NOW THEREFORE, in consideration of the foregoing and the mutual covenants contained in this Agreement, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
All such remedies are cumulative and may be exercised concurrently or separately.
If to the Company: Computer Technologies, Inc. - 23042 75th Street Salem, WI 53168
With a copy to: Hood Law, P.C. ATTN: Daniel J. Hood - 501 N. Riverside Dr. Suite 204 Gurnee, IL 60031
If to Lessee: Parrish & Freitag, Ltd. - 24418 75th St., Suite B, Salem, WI 51368
EXHIBIT A - EQUIPMENT
* Replacement costs above accurate as of 08/12/2020
EXHIBIT B - SERVICES
* Estimated Installation Date: 08/31/2020
** Company will determine, at its sole discretion, whether remote support is sufficient to address any issue or if onsite support will be required.
Minimum Response Time:
*** Company will determine, at its sole discretion, the severity of all issues and will respond accordingly.
**** SLA’s listed only apply during Company’s standard business hours - which are currently Monday through Friday from 7:30am until 4:30pm Central Time. Issues raised outside of Company’s standard business hours, on weekends or on Company holidays will receive Best Effort support only until the following business day, at which time the appropriate SLA and Response Type will be enforced. Company’s standard business hours and holidays are subject to change, without notice, at any time.
EXHIBIT C - PAYMENT SCHEDULE
*Taxes listed above subject to change
EXHIBIT D - PURCHASE AGREEMENT
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Document Name: Equipment Lease & Service Agreement - Parrish & Freitag
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