conversations.from: human
conversations.value: Provide a continuation for this: United National Bancorp Enters Into Outsourcing Agreement with the BISYS Group, Inc.
  Bridgewater, NJ -- February 18, 1999 -- United National Bancorp (Nasdaq: UNBJ) announced today that its principal subsidiary, United National Bank, has entered into a multi-year agreement with the BISYS Group, Inc. whereby BISYS will provide integrated information processing services, as well as item processing and deposit services, for United National.
  "We are excited about the opportunities available to us as a result of our new partnership with BISYS," stated Thomas C. Gregor, chairman and chief executive officer of United National. "During the past year we completed an assessment of our information processing needs going forward into the next century. After evaluating a number of different options, we determined that the flexibility and quality of BISYS' TOTALPLUS (R) system would best serve our needs today and for years to come."
  United Financial Services, a third party services provider that United National Bancorp owns with another joint venture partner, currently handles the Bank's information processing services, item processing and deposit services. As a result of its planned move to BISYS, United National will be liquidating its interest in United Financial Services during the first half of 1999 after it goes live with BISYS.
  "Our investment in United Financial Services has made a great deal of sense since we established it in 1995," said Mr. Gregor. "United Financial Services has allowed United National to realize significant efficiencies through the sharing of technology and processing costs. Nevertheless, we believe that the enhanced capabilities which BISYS offers are better matched to the future direction of our Bank."
conversations.from: assistant
conversations.value: Contact: media, Donald Reinhard, 908-429-2370 or investors, Donald Malwitz, 908-429-2405, both of United National.
conversations.from: human
conversations.value: Continue.
conversations.from: assistant
conversations.value: United National Bancorp Enters Into Outsourcing Agreement with the BISYS Group, Inc.
  Bridgewater, NJ -- February 18, 1999 -- United National Bancorp (Nasdaq: UNBJ) announced today that its principal subsidiary, United National Bank, has entered into a multi-year agreement with the BISYS Group, Inc. whereby BISYS will provide integrated information processing services, as well as item processing and deposit services, for United National.
  "We are excited about the opportunities available to us as a result of our new partnership with BISYS," stated Thomas C. Gregor, chairman and chief executive officer of United National. "During the past year we completed an assessment of our information processing needs going forward into the next century. After evaluating a number of different options, we determined that the flexibility and quality of BISYS' TOTALPLUS (R) system would best serve our needs today and for years to come."
  United Financial Services, a third party services provider that United National Bancorp owns with another joint venture partner, currently handles the Bank's information processing services, item processing and deposit services. As a result of its planned move to BISYS, United National will be liquidating its interest in United Financial Services during the first half of 1999 after it goes live with BISYS.
  "Our investment in United Financial Services has made a great deal of sense since we established it in 1995," said Mr. Gregor. "United Financial Services has allowed United National to realize significant efficiencies through the sharing of technology and processing costs. Nevertheless, we believe that the enhanced capabilities which BISYS offers are better matched to the future direction of our Bank."
  Contact: media, Donald Reinhard, 908-429-2370 or investors, Donald Malwitz, 908-429-2405, both of United National.
conversations.from: human
conversations.value: The name of the contract?
conversations.from: assistant
conversations.value: United National Bancorp Enters Into Outsourcing Agreement with the BISYS Group, Inc.
conversations.from: human
conversations.value: The two or more parties who signed the contract?
conversations.from: assistant
conversations.value: * BISYS
  * United National Bank
  * UNBJ
  * United National Bancorp
  * BISYS Group, Inc.
conversations.from: human
conversations.value: The date of the contract?
conversations.from: assistant
conversations.value: February 18, 1999
conversations.from: human
conversations.value: What is the renewal term after the initial term expires? This includes automatic extensions and unilateral extensions with prior notice?
conversations.from: assistant
conversations.value: I can't tell from this context.
conversations.from: human
conversations.value: Is there a clause that if a third party gets better terms on the licensing or sale of technology/goods/services described in the contract, the buyer of such technology/goods/services under the contract shall be entitled to those better terms?
conversations.from: assistant
conversations.value: No.
conversations.from: human
conversations.value: Is there a requirement on a party not to disparage the counterparty?
conversations.from: assistant
conversations.value: It does not appear so.
conversations.from: human
conversations.value: Is there a clause granting one party a right of first refusal, right of first offer or right of first negotiation to purchase, license, market, or distribute equity interest, technology, assets, products or services?
conversations.from: assistant
conversations.value: I don't think so.
conversations.from: human
conversations.value: Is consent or notice required of a party if the contract is assigned to a third party?
conversations.from: assistant
conversations.value: I don't think so.
conversations.from: human
conversations.value: Is there a restriction on the  ability of a party to raise or reduce prices of technology, goods, or  services provided?
conversations.from: assistant
conversations.value: It does not appear so.
conversations.from: human
conversations.value: Is there a fee increase or consent requirement, etc. if one party’s use of the product/services exceeds certain threshold?
conversations.from: assistant
conversations.value: I don't think so.
conversations.from: human
conversations.value: Does the contract contain a license granted by one party to its counterparty?
conversations.from: assistant
conversations.value: No.
conversations.from: human
conversations.value: Does the contract contain a  license grant that is irrevocable or perpetual?
conversations.from: assistant
conversations.value: It does not appear so.
conversations.from: human
conversations.value: Is a party subject to obligations after the termination or expiration of a contract, including any post-termination transition, payment, transfer of IP, wind-down, last-buy, or similar commitments?
conversations.from: assistant
conversations.value: I don't think so.
conversations.from: human
conversations.value: Is there a non-contracting party who is a beneficiary to some or all of the clauses in the contract and therefore can enforce its rights against a contracting party?
conversations.from: assistant
conversations.value: No.