# Statement of Work — Globex

**Vendor:** Globex
**Owner:** jane@example.com
**Effective:** 2025-11-15
**Renewal:** 2026-11-15
**Annual value:** $120,000

## Scope

Globex delivers managed data-pipeline operations: ingestion, monitoring, and
on-call response. Quarterly business reviews. Change requests billed at the
agreed T&M rate.

## Key terms

- Payment: net-45, invoiced quarterly in advance.
- Liability cap: fees paid in the preceding 12 months.
- Security: SOC 2 Type II report provided annually.