{"id":42574,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/memorandum-of-understanding-marketwatch-com-inc-pearson.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"memorandum-of-understanding-marketwatch-com-inc-pearson","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/memorandum-of-understanding-marketwatch-com-inc-pearson.html","title":{"rendered":"Memorandum of Understanding &#8211; MarketWatch.com Inc., Pearson International Finance Ltd. and FTMarketWatch (Europe) Ltd."},"content":{"rendered":"<pre><p align=\"CENTER\">MEMORANDUM OF UNDERSTANDING<\/p>\n<p><\/p>\n<p>This Memorandum of Understanding \n(<b><i>'MOU'<\/i><\/b>) is dated September 28, 2001 by and between: <\/p>\n<p><\/p>\n<p>(1) <b>MARKETWATCH.COM, INC<\/b>., \nincorporated under the laws of Delaware and having its principal place of \nbusiness at 825 Battery Street, San Francisco, California 94111 (the \n<b><i>'Seller'<\/i><\/b>),<\/p>\n<p><\/p>\n<p>AND<\/p>\n<p><\/p>\n<p>(2) <b>PEARSON INTERNATIONAL FINANCE LTD.<\/b> incorporated \nunder the laws of England &amp; Wales and its principal office at 80 Strand, \nLondon WC2R ORL (the <b><i>'Buyer'<\/i><\/b>),<\/p>\n<p><\/p>\n<p>AND<\/p>\n<p><\/p>\n<p>(3) <b>FTMARKETWATCH (EUROPE) LTD.,<\/b> incorporated under \nthe laws of England and Wales and having its registered office is at Number One, Southwark Bridge, London SE1 9HL, and its \nsuccessor-in-interest (which shall be FT.com or any other single wholly-owned \nsubsidiary of the Financial Times) (the \n<b><i>'Company'<\/i><\/b>),<\/p>\n<p><\/p>\n<p>(hereinafter collectively referred to as the \n<b><i>'Parties'<\/i><\/b> and individually as a \n<i>'<b>Party'<\/b><\/i>),<\/p>\n<p><\/p>\n<p>WHEREAS:<\/p>\n<p><\/p>\n<ol type=\"A\">\n\n<p><\/p><li>Financial Times Group Limited, Pearson Internet Holdings \nB.V. (<b><i>'Pearson Internet'<\/i><\/b>) and Pearson Overseas Holdings \nLimited (<b><i>'POHL'<\/i><\/b>)(collectively, <b><i>'the FT \nParties'<\/i><\/b>), and Seller are parties to that certain Joint Venture \nAgreement dated 20 June, 2000 governing the relationship of Seller, Pearson \nInternet and POHL as shareholders in the Company (the <b><i>'Joint Venture \nAgreement'<\/i><\/b>), <\/li>\n<p><\/p>\n<p><\/p><li>The Seller owns 42,500 'A' shares in the \ncapital of the Company, amounting to 50% of the total issued and outstanding \n'A' shares (the <b><i>'Shares'<\/i><\/b>) of the \nCompany;<\/li>\n<p><\/p>\n<p><\/p><li>Pearson Internet owns all the remaining issued and \noutstanding 'A' shares of the Company.  Buyer owns all of the \n'B' shares of the Company.  Buyer, Pearson Internet and POHL are \ndirect or indirect subsidiaries of Pearson plc; <\/li>\n<p><\/p>\n<p><\/p><li>The Seller and the Buyer have entered into discussions \ncontemplating the sale of the Shares by Seller to Buyer (the \n'<b><i>Acquisition<\/i><\/b>') upon terms and conditions set forth in a \nmutually acceptable Share Sale Agreement (as defined below) which will contain \namong other things, the terms set forth below.  <\/li>\n<p><\/p>\n<p><\/p><li>The Parties also wish to enter into separate commercial \narrangements as follows: <\/li><\/ol>\n\n<p><\/p><dir>\n<dir>\n\n<p>(i) the provision by Seller of the Transitional Services (as \ndefined below);<\/p>\n<p><\/p>\n<p>(ii) a license by Seller for the continuation of the WAT\/CMS \nServices (as defined below) presently provided by Seller to Company; <\/p>\n<p><\/p>\n<p>(iii) the consent by Seller to the assignment by Company to \nFT.com of Company's rights under the Big Charts MOU (as defined below),<\/p> \n<\/dir><\/dir>\n\n<p> (collectively with the Acquisition, the \n'<b><i>Transactions'<\/i><\/b>), \nall upon terms and conditions set forth in mutually acceptable Definitive \nAgreements (as defined below) which will contain, among other things, the terms \nset forth below.<\/p>\n\n<p>  F.  The Parties wish to memorialize in this MOU their \npreliminary understanding of the principal terms of the Transactions as \ndescribed below. <\/p>\n\n<p>NOW THEREFORE THE PARTIES SET FORTH THEIR PRELIMINARY \nUNDERSTANDING AS FOLLOWS:<\/p>\n<p><\/p>\n<p>1.\tPURCHASE OF SHARES; CONSIDERATION.<\/p>\n<p><\/p>\n<p>1.1 Seller will sell, and Buyer will purchase, the Shares \nfree and clear of encumbrances upon the terms of a definitive Share Sale and \nPurchase Agreement (the <b><i>'Share Sale Agreement'<\/i><\/b>) to be \nentered into by the Parties. <\/p>\n<p><\/p>\n<p>1.2  The consideration for the purchase of the Shares shall \nbe $1 in cash payable by Buyer to Seller at the closing of the \nAcquisition<i>.<\/i><\/p>\n<p><\/p>\n<p>2.\tTRANSITIONAL SERVICES <\/p>\n\n<p>2.1 \tFor the 90 day period beginning from the closing of the Acquisition \n(the <b><i>'Transitional Period'<\/i><\/b>) Seller shall perform certain \nservices for Company as more fully described in <u>Schedule A hereto<\/u> (the \n<b><i>'Transitional Services'<\/i><\/b>) and upon the terms of a \ndefinitive Transitional Services Agreement (the <b><i>'Transitional \nServices Agreement'<\/i><\/b>) to be executed concurrently with the Share \nSale Agreement and to be effective as of the closing of the Acquisition. <\/p>\n\n<p>2.2\tBuyer shall, or shall cause that Company shall, as consideration for \nthe Transitional Services:<\/p>\n\n<ol type=\"i\">\n\n<ol type=\"i\">\n\n<li>pay to Seller an aggregate cash amount of $82,500 payable in three monthly \ninstallments beginning with the closing of the Acquisition<b><i>; <\/i><\/b>and \n<\/li>\n\n<li>assign to Seller all of Company's servers presently located in within the \nUnited States. <\/li><\/ol>\n<\/ol>\n\n<b><i>\n<\/i><\/b><p>3<b><i>. \t<\/i><\/b>WAT\/CMS LICENSE AGREEMENT <\/p>\n<b><i>\n<\/i><\/b><p>3.1 \tConcurrently with the execution of Share Sale Agreement, the \nSeller and the Company shall enter into a definitive license agreement (the \n<b><i>'WAT\/CMS License Agreement'<\/i><\/b>), to be effective as of the \nclosing of Acquisition, which shall provide for the continuation of the WAT\/CMS \nand associated publishing services presently provided by MarketWatch to Company, \nas more fully described <u>on Schedule B hereto <\/u>and upon the terms of the \nWAT\/CMS License Agreement which shall, among other things, include the following \nterms: <\/p>\n\n<p> 3.2 \tThe WAT\/CMS License Agreement shall be for the benefit of the \nCompany only and shall be limited to cover no more than 15 seats and associated \nadministration staff for employees of Company and those who work for the Company \nor on its site(s).  The rights of the Company thereunder shall not be assignable \nby the Company to any company (other than its successor-in-interest).<\/p>\n\n<p>3.3 \tThe initial term of the WAT\/CMS License Agreement will be 18 months, \nat a license fee of $40,000 per month.  <\/p>\n\n<p>3.4 \tAt Company's election, the initial term may be extended by a further \nsix (6) months at a monthly license fee to be agreed between Company and Seller, \nwhich shall be no less than $36,000 per month and no greater than $44,000 per \nmonth.  <\/p>\n\n<p>3. 5\tAt Company's election, the WAT\/CMS License Agreement may be extended \nby one year at a time, up to a further two (2) more years, at a monthly license \nfee to be agreed between the Parties.  <\/p>\n\n<p>3.6\tThe Company may only exercise an election to extend the WAT\/CMS \nLicense Agreement as described above by giving written notice to the Seller at \nleast two months prior to the expiration of the then effective term of the \nWATS\/CMS License Agreement.  <\/p>\n\n<p>3.6\tThe above license fees shall be payable monthly in advance.<\/p>\n\n<p>4. ASSIGNMENT OF BIG CHARTS SALES MOU <\/p>\n\n<p>Seller will grant Company the right to assign to FT.com, all of Company's \nrights under the Revised Memorandum of Understanding between the Seller and \nCompany regarding Preliminary Licensing Strategy dated September ___, 2001 (the \n<b><i>'Big Charts MOU'<\/i><\/b>).  Company may exercise its right to \nassign the Big Charts MOU at any time during the next two (2) years by giving \nthe Seller at least thirty (30) days' prior written notice of assignment.  \nNeither Company nor FT.com, as the case may be, may assign its rights under the \nBig Charts MOU to any other person, company or other entity. <\/p>\n\n<p>5. 'FTMARKETWATCH' NAME<\/p>\n\n<p>The Company will agree to \ndiscontinue use of the 'MarketWatch' name at a date agreed with the \nSeller, no earlier than 12\/31\/01, but may use  'FTMarkets' or a \nsimilar name.<\/p><dir>\n<dir>\n<dir>\n<dir>\n<dir>\n\n<p>          \t<\/p>\n<\/dir>\n<\/dir>\n<\/dir>\n<\/dir>\n<\/dir>\n\n<p> 6.\tTAXES.\t<\/p>\n<p><\/p>\n<p>The Parties will reasonably co-operate with each other to \nagree upon a tax structure for the Transactions that is mutually satisfactory to \nthe Parties.  Marketwatch shall cooperate reasonably with the Company, the Buyer \nand the FT Parties on all tax matters, e.g. future tax filings.<\/p>\n<p><\/p>\n<b><\/b><p> <\/p>\n<p>  7. \tACTIONS TO BE TAKEN AFTER EXECUTION OF THIS MOU<\/p>\n<p><\/p>\n<p>Following the execution of this MOU the Parties will promptly \nnegotiate in good faith the terms of the following agreements or such similar \nagreements as are necessary to effect the Transactions in form and substance \nmutually satisfactory to the Parties and following the principles and other \nterms set forth in this MOU (collectively, the <b><i>\"Definitive \nAgreements\"<\/i><\/b>): <\/p>\n<p><\/p>\n\n<\/pre>\n<ul><dir><br \/>\n<dir><br \/>\n<dir><br \/>\n<dir><\/p>\n<p><\/dir><\/dir><\/dir><\/dir><\/p>\n<ul>\n<li>The Share Sale Agreement; <\/li>\n<li>The Transitional Services Agreement; <\/li>\n<li>The WATS\/CMS License Agreement; and<\/li>\n<li>The assignment of the Big Charts MOU.<\/li>\n<li><\/ul>\n<\/ul>\n<p>8.  SUBJECT TO CONTRACT; COUNTERPARTS<\/p>\n<p>This MOU (including the Schedules hereto) is non-binding and<br \/>\ncontains only the understanding upon which the Parties may proceed to the<br \/>\nclosing and consummation of the Transactions.  Nothing express or implied herein<br \/>\n(whether by operation of law or otherwise) shall oblige or commit any Party to<br \/>\nproceed with the Transactions, any such obligations or commitments shall only be<br \/>\nset forth in the terms of mutually acceptable Definitive Agreements. This MOU<br \/>\nmay be executed in counterparts, each of which will be an original as regards<br \/>\nany Party whose name appears thereon and all of which together will constitute<br \/>\none and the same instrument.<\/p>\n<\/p>\n<p><i><\/i><\/p>\n<\/p>\n<p>IN WITNESS WHEREOF the Parties have duly executed this<br \/>\nMOU on the day and date written hereinabove.<\/p>\n<\/p>\n<p><u><\/u><\/p>\n<p>\/s\/ Lawrence S. Kramer \t\t\t<\/p>\n<p>FOR AND ON BEHALF OF \tMARKETWATCH.COM\n<\/p>\n<p>Date:<u>  9\/28\/01  <\/u>\t\t\t<\/p>\n<\/p>\n<p><u><\/u><\/p>\n<p>\/s\/ Gary Rinck<\/p>\n<p>FOR AND ON BEHALF OF PEARSON INTERNATIONAL FINANCE<br \/>\nLTD.<\/p>\n<p>Date:<u> 10\/1\/01<\/u><\/p>\n<\/p>\n<p><u><\/u><\/p>\n<p>\/s\/ Zachary R. Leonard<\/p>\n<p>FOR AND ON BEHALF OF \tFTMARKETWATCH.COM (EUROPE), LTD.<\/p>\n<p>Date:<u>  10\/2\/01<\/u><\/p>\n<\/p>\n<\/p>\n<p><b><\/b><\/p>\n<p>Schedule A &#8211; Transitional Services<\/p>\n<p>The following is the schedule of<br \/>\ntransitional services to be completed by MarketWatch.com Inc. in the<br \/>\ntransitional period according to clause  2 of the Memorandum of Understanding.\n<\/p>\n<p>During the transitional phase, MarketWatch.com Inc. continues to support the<br \/>\nCompany infrastructure in its current form ensuring no loss in user experience<br \/>\nfor users. The transition will take place in a single weekend, date to be<br \/>\nconfirmed. <\/p>\n<p><b><\/b><\/p>\n<p>Tear Sheets, Interactive Charting and Portfolio Migration<\/p>\n<p>1. MarketWatch.com Inc. undertakes a<br \/>\nseamless transfer of the tearsheet, interactive charting and portfolio tool<br \/>\ncapabilities to the existing licensing agreement held between FT.com and<br \/>\nMarketWatch.com Inc. dated June 20, 2000). The purpose of the transition is to<br \/>\nensure a consistent core set of functionality and user experience between<br \/>\nCompany and FT.com. Company to determine the exact requirements of the transfer,<br \/>\nthough it assumes that no new functionality will be required that is not already<br \/>\navailable either on www.FT.com or www.FTMarketWatch.com. The transfer will<br \/>\ninclude:<\/p>\n<p><b><\/b><\/p>\n<p>Tear Sheet:<\/p>\n<p>Upgrade of current FT.com tear sheet capability to include: <\/p>\n<p><dir><br \/>\n<dir><\/p>\n<p>Absolute price change<\/p>\n<p>Intra-day high price<\/p>\n<p>52 wk high date<\/p>\n<p>52 wk low date<\/p>\n<p>Chart time-frame drop down<\/p>\n<p>&#8216;Add symbol to portfolio&#8217; functionality<\/p>\n<p>IR button functionality<\/p>\n<p>ABN AMRO Morning Notes<\/p>\n<p>RNS Headlines<\/p>\n<p>MLHSBC Link <\/p>\n<p>Multex Investor Link <\/p>\n<p><b><\/b><\/p>\n<p><\/dir><br \/>\n<\/dir><\/p>\n<p>Interactive Charting:<\/p>\n<p>Upgrade of current FT.com interactive charting function to<br \/>\ninclude:<\/p>\n<p><dir><br \/>\n<dir><\/p>\n<p>Multiple Sizes<\/p>\n<p>Additional Lower indicators<\/p>\n<p>Sponsorship position<\/p>\n<p>Cookie-based  &#8216;save chart&#8217; settings functionality<\/p>\n<p><\/dir><br \/>\n<\/dir><\/p>\n<p><b><\/b><\/p>\n<p>Portfolio:<\/p>\n<p>Upgrade of current FT.com Portfolio Object to include:<\/p>\n<p><dir><br \/>\n<dir><\/p>\n<p>Chart Analyser<\/p>\n<p>Asset Allocator<\/p>\n<p>Stock Tracker<\/p>\n<p>All FTMarketWatch News sources within the News &amp; Research tab<\/p>\n<p>Removal of the &#8216;powered by FTMarketWatch logo&#8217;<\/p>\n<p><\/dir><br \/>\n<\/dir><\/p>\n<p><b><\/b><\/p>\n<p>Authentication<\/p>\n<p>Company User authentication transferred to the current FT.com procedure,<br \/>\nincluding the use of &#8216;FT Passport&#8217; functionality.<\/p>\n<p>All current Company Tear Sheet, Interactive Charting, Portfolio and<br \/>\nAuthentication pages to be redirected to the new components.<\/p>\n<p><b><\/b><\/p>\n<p>User Migration<\/p>\n<p>2. MarketWatch.com Inc. undertakes to transfer all registered user data to<br \/>\nFT.com, including migration of all Company portfolio users on to the FT.com<br \/>\nLicensee portfolio.  FT.com will provide details sufficient to ensure smooth<br \/>\ntransfer of user data.  For example, in the case of duplicates FT.com portfolio<br \/>\nregistration will take precedence. The existing Company user registration pages<br \/>\nwill be discontinued and will be transitioned to the current FT.com Passport<br \/>\nscheme.<\/p>\n<p>All transition activity must conform to the requirements of the Data<br \/>\nProtection Policy currently in place.<\/p>\n<p>Company will communicate to users all changes regarding the transition.<\/p>\n<\/p>\n<p><b><\/b><\/p>\n<p>News and publishing migration<\/p>\n<p>3. MarketWatch.com Inc.<br \/>\nagrees to transfer the news-related pages, learn and play pages, analyst<br \/>\nresearch pages, help pages and all associated functionality currently found on<br \/>\nFTMarketWatch.com, but not FTMarketWatch.de, to the licensing arrangement and to<br \/>\nsupport them under this licensing agreement as laid out in clause 3  of the<br \/>\nMemorandum of Understanding.  MarketWatch.com Inc will use all reasonable<br \/>\ncommercial efforts to ensure that during the transfer there will be no loss in<br \/>\nuser experience resulting from the move to the new licensing agreement and that<br \/>\nall current incoming and outgoing feeds are maintained.<\/p>\n<p><b><\/b><\/p>\n<p>The pages include: <\/p>\n<p><dir><br \/>\n<dir><\/p>\n<p>Story.asp pages<\/p>\n<p>Pulse.asp pages<\/p>\n<p>News Centre: Headlines \/ Pulses \/ Alerts \/ RNS<\/p>\n<p>Front Page and Sub-Section pages<\/p>\n<p>Learn and Play pages<\/p>\n<p>Analyst Research pages including any pages that may need specific actions to<br \/>\nenable continued operation under the licensing arrangement<\/p>\n<p>Help pages<\/p>\n<p>Market Summary pages <\/p>\n<p><\/dir><br \/>\n<\/dir><\/p>\n<p>The Functionality includes:\t<\/p>\n<p><dir><br \/>\n<dir><\/p>\n<p>Related Stories &amp; Most Recent <\/p>\n<p>Email a friend (continued to be provided by MarketWatch.com Inc)<\/p>\n<p>Print Story<\/p>\n<p>Display of Charts within stories (Note: Charts will only appear on externally<br \/>\nlicensed content as per licensing MOU)<\/p>\n<p>News Alert Headline Ticker Functionality<\/p>\n<p><\/dir><br \/>\n<\/dir><\/p>\n<p>Note: Only functionality currently found on<br \/>\nthe site is included in the transition and specifically excludes News Search<br \/>\nfunctionality.<\/p>\n<p><b><\/b><\/p>\n<p>Other<\/p>\n<p>4. MarketWatch.com Inc to transfer all currently supported Company SMS-to-<br \/>\nVoice capability to FT.com.<\/p>\n<\/p>\n<p>5. MarketWatch.com Inc to remove Company from all joint exchange approvals,<br \/>\nsuch as Deutsche Boerse.<\/p>\n<\/p>\n<p> MarketWatch.com will be allowed to retain the details of all registered<br \/>\nFTMarketWatch users at the time of transition, and may contact them subject to<br \/>\nthe terms of the FT MarketWatch privacy policy as of September 21, 2001 and to<br \/>\napplicable law. <\/p>\n<\/p>\n<p>7. MarketWatch.com Inc. terminates T1 line agreement.  In the event that<br \/>\nMarketWatch.com Inc. is unable to terminate the connection, or otherwise use it<br \/>\nthemselves, Pearson\/FT shall reimburse MarketWatch.com Inc. 50% of all ongoing<br \/>\nfees associated with this T1 line agreement. MarketWatch.com Inc. will only<br \/>\ndisconnect FTMarketWatch servers when it is determined that all necessary<br \/>\ntransitional activity has been completed, and Pearson\/FT approves the<br \/>\ndisconnection. <\/p>\n<\/p>\n<p>8. MarketWatch.com Inc. to discontinue FTMarketWatch direct access to LARS<br \/>\nsite tracking and log files and cancel Mirror database project.  MarketWatch.com<br \/>\nInc to enable site tracking under the new content license according to current<br \/>\narrangements and agrees to supply log files at the end of the day.<\/p>\n<\/p>\n<p>9. MarketWatch.com Inc to handle all required redirects from MarketWatch.com<br \/>\ncontrolled domains to new licensing domains (for example, www.ftmarketwatch.ft.com). The<br \/>\nCompany to handle all redirects from FT controlled domains.<\/p>\n<\/p>\n<p>10. MarketWatch.com Inc agrees to make any changes in outgoing news feeds to<br \/>\npartners under the &#8216;BigCharts&#8217; Licensing MOU referenced in clause 4<br \/>\nwith respect to any subsequent name change of Company, Company&#8217;s urls or trading<br \/>\nname.<\/p>\n<\/p>\n<p>11. Transition work excludes current work being undertaken on the<br \/>\nwww.FTMarketWatch site including changes in symbol lookup methodology,<br \/>\nintegration of Mutual Funds Ratings data, Integration of improved Mutual Fund<br \/>\ndata, Upgrades to RNS Feed and alerting functionality. This will continue to be<br \/>\ncharged on a man-hour basis.<\/p>\n<\/p>\n<p><b><\/b><\/p>\n<p>Schedule B &#8211; Editorial Services<\/p>\n<p>The following is the schedule of services to<br \/>\nbe provided by MarketWatch.com Inc according to the license agreement in clause<br \/>\n3 of the Memorandum of Understanding.<\/p>\n<p><b><\/b><\/p>\n<p>Editorial Tools<\/p>\n<p>1. MarketWatch.com Inc. agrees to licence<br \/>\nand to support WAT v2.01, the current system used by Company, or equivalent, to<br \/>\nenable Company to create XML tagged content and chart insertion. MarketWatch.com<br \/>\nInc. restricts the use of the licence to 15 seats, plus necessary operational<br \/>\nsupport staff and administrative personnel.<\/p>\n<\/p>\n<p>2. MarketWatch.com Inc. agrees to licence and to support Pulse (Market Pulse)<br \/>\nand Headline (News Alerts) Tools, the current system used by Company, or<br \/>\nequivalent, to enable Company to create XML tagged content. Marketwatch.com Inc.<br \/>\nrestricts the use of the licence to 15 seats, plus necessary operational support<br \/>\nstaff and administrative personnel.<\/p>\n<\/p>\n<p>3. MarketWatch.com Inc. agrees to licence the PHAT authoring technologyto<br \/>\nenable Company to continue to edit and publish front- and sub-section pages.<br \/>\nMarketWatch.com Inc. restricts the use of the licence to 15 seats, plus<br \/>\nnecessary operational support staff and administrative personnel.<\/p>\n<\/p>\n<p>4. The technology licensed in clauses 1, 2 and 3 above is sufficient to allow<br \/>\nCompany to continue to publish in all current language modes (English,  and<br \/>\nGerman), with the exception that the PHAT authoring tool technology does not<br \/>\nwork in the German language and MarketWatch.com Inc shall be under no obligation<br \/>\nwhatsoever to modify the PHAT authoring tool technology to work in the German<br \/>\nlanguage. MarketWatch.com Inc. will, as far as reasonably possible, endeavour to<br \/>\nensure that there is no loss in publishing performance based against current<br \/>\nCompany publishing when the new licensing arrangement is followed.<\/p>\n<p>5. MarketWatch.com Inc. agrees to all hosting, support and management of the<br \/>\nnews database, sufficient to ensure that the news is available for<br \/>\nredistribution as required.  <\/p>\n<\/p>\n<p>6. Licensing shall allow access to certain editorial administration functions<br \/>\ncurrently available to Company including access to &#8216;Column Editor&#8217;, &#8216;Staff<br \/>\nEditor&#8217; and &#8216;Story Tracking&#8217; functions.  MarketWatch.com Inc. will act as the<br \/>\nadministrator of these functions.<\/p>\n<\/p>\n<p>7. Licensing includes access to all upgrades of editorial tools and<br \/>\nfunctionality of tools outlined in Paragraphs 1, 2 and 3. <\/p>\n<p><b><\/b><\/p>\n<p>Support, Hosting and Feed Handling<\/p>\n<p>8. MarketWatch.com Inc. to provide 24\/5<br \/>\nsupport for Editorial Tools as listed in clauses 1,2 and 3 above, as today.<br \/>\nCompany to continue to provide first call facility for journalists.<br \/>\nMarketWatch.com Inc. continues to provide on-call facility for emergency<br \/>\nescalation.<\/p>\n<p>9. MarketWatch.com Inc. provides 24\/7 Support for all Licensee Content<br \/>\nPages.<\/p>\n<p>10. MarketWatch.com Inc continues to host all current feeds including:<\/p>\n<p><dir><br \/>\n<dir><\/p>\n<p><i><\/i><\/p>\n<p>Incoming News and Data Feeds:<\/p>\n<p>FT.com<\/p>\n<p>RNS (via S&amp;P) &#8211; (to be superseded to an equivalent Q1 &#8216; 02)<\/p>\n<p>ABN AMRO &#8211; Morning Notes and Research <\/p>\n<p>Reuters.de  (MarketWatch.com will continue to host under its own<br \/>\ncontract)<\/p>\n<p>S&amp;P Intraday <\/p>\n<p>FTID Funds Feed<\/p>\n<p><i><\/i><\/p>\n<p>Outgoing Feeds &#8211; XML<\/p>\n<p>MSN.co.uk<\/p>\n<p>AOL.co.uk<\/p>\n<p>Excite.co.uk<\/p>\n<p>Lycos.co.uk<\/p>\n<p>FT.com<\/p>\n<p>Moreover.comMSN.de<\/p>\n<p>Lycos.de<\/p>\n<p>FTD.de<\/p>\n<p>Finanznachrichten.de<\/p>\n<p>Factiva<\/p>\n<p>Yahoo.co.uk<\/p>\n<p>ILX<\/p>\n<p>Dialog<\/p>\n<p>World Reporter<\/p>\n<p>Yahoo.de<\/p>\n<\/p>\n<p><i><\/i><\/p>\n<p>Specialist Feeds \/ Page Hosting<\/p>\n<p>WAP FTMW &#8211; includes quoting<\/p>\n<p>FTMobile Gold Pages<\/p>\n<p>AvantGo<\/p>\n<p>Omnisky<\/p>\n<p>AOL.co.uk Microsite  <\/p>\n<p>MSN.co.uk Pages <\/p>\n<p>MSN.de<\/p>\n<p><\/dir><br \/>\n<\/dir><\/p>\n<p>11. MarketWatch.com Inc. to provide a set of XML feed pages that allow<br \/>\nCompany to pull custom content from the news database. All future additional<br \/>\noutgoing feeds shall be covered as part of existing &#8216;BigCharts&#8217;<br \/>\nLicensing MOU (clause 4 in Memorandum of Understanding).<\/p>\n<p>All additional incoming feeds will be handled as a product enhancement and<br \/>\nmanaged with one time development cost and ongoing monthly support cost.<\/p>\n<p><b><\/b><\/p>\n<p align=\"CENTER\">\n<\/p>\n<p><b><\/b><\/p>\n<p>Other<\/p>\n<p>12. MarketWatch.com Inc. will make changes to advertising &#8216;tags&#8217; on the<br \/>\nsite as required. Company continues to run the advertising operations and &#8216;ad<br \/>\ntag&#8217; creation.<\/p>\n<\/p>\n<p><b><\/b><\/p>\n<p>Ongoing Costs<\/p>\n<p>13.<br \/>\nAmendments which are considered non-structural<br \/>\nchanges or do not require the addition of new pages will be covered as part of<br \/>\nthe ongoing monthly fee. Amendments which require larger scale work, including<br \/>\nthe addition of feeds, new pages and larger structural changes, will be scoped<br \/>\nout on a project basis and charged as a one time development cost on a man-hour<br \/>\nbasis. <\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8132],"corporate_contracts_industries":[9510],"corporate_contracts_types":[9613,9617],"class_list":["post-42574","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-marketwatchcom-inc","corporate_contracts_industries-technology__programming","corporate_contracts_types-operations","corporate_contracts_types-operations__jv"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42574"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42574"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42574"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}