OVERVIEW OF TYPES OF CONTRACTS

Glossary

ADDENDUM AGREEMENT

Agreement would be used when both parties want to include new information or obligations, such as adding a new service, product, or condition to the contract.

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AMENDMENT AGREEMENT

Applies where additional terms need to be added to the main agreement or existing term variations to the main agreement between Colt and Supplier.

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BACKGROUND SCREEN AGREEMENT

Sets out obligations for a Supplier to perform. Purpose is to ensure that the supplier's personnel or subcontractors apply Colt's level of screening for the individuals requiring access to Colt, and the agreement is used to perform a background check on someone before offering them employment, conferring an award. This must be carried out prior to the individual access to Colt.

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COLT SHORT FORM TERMS OF PURCHASE

The standard Colt Short terms and Conditions of Purchase agreement which Supplier and its Affiliates will provide, and a Colt Affiliate will purchase certain Goods and/or Services. Includes clauses but not limited too; Applicability, Provision of Services, Delivery; Provision of Products, Fees; Invoicing, Warranties, Liability, Term, Termination, Confidentiality; Publicity, Data Protection; Other Provisions, Annexure A: Applicable Schedules

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DATA PROTECTION AGREEMENT OR DATA CONTROLLER STATEMENT

Data Protection Agreement will apply if the Supplier is managing personal data. If Supplier is a Data Controller, Supplier would need to provide letter or statement confirming they are Data Controller.

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FRAMEWORK SUPPLY AGREEMENT (FSA)

Sets out the framework agreement under which a Supplier and its Affiliates will provide, and a Colt Affiliate will purchase certain Goods and/or Services. Includes clauses but not limited too; Term of the Agreement, Change Control, Fees & Payment Terms (60 days) , Confidentiality, Publicity and Use of the Colt Trademark, Data Protection, Termination, Consequences of Termination, Limitation of Liability, Applicable Law, Schedule 2: Applicable Schedules.

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NON-DISCLOSURE AGREEMENT (NDA)

An agreement for which the purpose of NDA is to secure the confidential information shared between the parties, to evaluate and discuss any commercial relationship.

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PURCHASE ORDER (PO)

A commercial document and official offer issued by Colt to Supplier indicating types, quantities, and agreed prices for products or services. Colt operates a No PO No Pay policy. Colt standard terms and conditions apply and this in addition to the terms and conditions in a Statement of Work where applicable.

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STATEMENT OF WORK (SOW)

The (SoW) Statement of Work is a business and commercial document governed by the terms of Framework Services Agreement or the Colt Short Form Terms & Conditions of Purchase agreement. SoW, details the Goods and/or Services, Deliverables and Milestones and any other applicable business terms between both parties.

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TELECOMS SECURITY ACT UK ADDENDUM

Sets out the terms on which Colt and/or its Affiliates may purchase goods and/or services from the Supplier and/or its Affiliates and where the Telecoms Security Act UK is applicable.

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UK IR35 SCHEDULE

Outside of IR35 schedule is an auxiliary agreement between the supplier and Colt to contractually detail the working practices required for workers who are determined as outside of IR35. These clauses will reflect the true realities of an engagement and are agreed by both parties. Colt expects these clauses to be mirrored in any downstream agreements between the supplier and any third parties the supplier uses in order to provide the services of the contractor assessed.