Appraisal Service Contract

Appraisal Service Contract

Effective Date:

Parties

Recitals

WHEREAS, Client Name: desires to obtain a professional appraisal of the property described herein; and

WHEREAS, Appraiser Name: represents that the appraiser is qualified and authorized to perform the appraisal services in accordance with applicable professional standards; and

WHEREAS, the parties wish to set forth their respective rights and obligations with respect to the appraisal engagement;

Scope of Work

Property Address or Identification:

Deliverable(s):    Turnaround Time: days

Payment Terms

Fee for Services: $ (USD). Client shall pay the fee in accordance with the schedule below.

Deposit Required: $ due upon execution of this Agreement.

Balance Due: days after delivery of the final report.

Late Fee: Any unpaid balance not received within the period stated above shall accrue interest at per month, and Client shall be responsible for reasonable collection costs.

Term and Termination

Term Commencement Date:

Term Expiration Date:

Termination for Convenience: Either party may terminate this Agreement upon written notice delivered at least days prior to the intended termination date. If terminated, Client shall pay for all services performed and expenses incurred through the effective date of termination.

Termination for Cause: Either party may terminate for material breach if the breaching party fails to cure within days after receipt of written notice describing the breach.

Confidentiality

Each party shall maintain as confidential all non-public information disclosed by the other party in connection with this Agreement and shall not disclose such information to third parties except to its employees, agents, or professional advisors on a need-to-know basis or as required by law. Confidential information does not include information that is or becomes publicly available other than through a breach of this Agreement.

Use and Distribution of Appraisal Report: The appraisal report prepared by the Appraiser is intended solely for the use of Client and may not be relied upon, distributed, or used by any other party without the Appraiser's prior written consent. Appraiser may retain copies of all work files.

Limitation of Liability and Indemnification

Limitation of Liability: Except for willful misconduct or gross negligence, Appraiser's liability to Client for any claim arising out of this Agreement shall not exceed the total fees paid to Appraiser under this Agreement.

Indemnification: Client agrees to indemnify and hold Appraiser harmless from and against any third-party claims, liabilities, costs, and expenses arising from Client's misuse of the appraisal report or Client's breach of this Agreement, except to the extent caused by Appraiser's negligence or willful misconduct.

Compliance and Standards

Appraiser represents that the services will be performed in a professional manner consistent with recognized appraisal standards and ethics applicable to the practice of real property appraisal. Appraiser shall comply with all applicable laws, regulations, and professional standards in performing the services.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of , excluding its conflict-of-law principles.

Entire Agreement; Amendment

This Agreement, including all schedules and attachments referenced herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior agreements and understandings, whether written or oral. Any amendment or modification must be in writing and signed by both parties.

Notices

Miscellaneous Provisions

Assignment: Neither party may assign its rights or delegate its obligations under this Agreement without the prior written consent of the other party, except that Appraiser may engage subcontractors provided Appraiser remains responsible for performance.

Severability: If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

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