The signature date on Richardson’s standard SOW template is entered into as of the last date of signature. As a use case, if Richardson executes on June 15, 2019 and the Client executes on June 14, 2019, the effective date of the SOW is June 15, 2019.  Our MSA is stated in the first paragraph with the Effective Date.

SOWs are typically evergreen from a term perspective on Richardson’s paper; however, the licensing component within the SOW is termed to the number of years as noted by the RVP in Phoenix Order.  Most licensing orders are one (1) year with the exception of subscription models or larger volume agreements. Most commonly, you will only see termed SOWs on client’s paper templates and is usually termed by a date or from when services are completed by.  Subscription licensing agreements are typically a two (2) or three (3) year contract term. For sake of clarity, while Richardson’s SOWs are evergreen to allow for maximum flexibility (to allow for minor overages, etc.), the SOW is for a defined participant, delivery count to allow for potential price increases, new committed licensing agreements (vs. continuing as a Pay As You Go) etc. As a rule of thumb, if the licensing term has expired for a SOW, a new SOW should be completed for all Services