Banking Letter Template

BANKING LETTER AGREEMENT

Client Name:

Client Address:

Bank Name:

Bank Address:

Recitals

WHEREAS, Client Name: desires to obtain certain banking services, account verifications and authorizations from Bank Name: ; and

WHEREAS, Bank is willing to provide a written confirmation, verification, and limited authorization in accordance with the terms set forth in this Agreement and applicable bank policies.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

Scope of Work

Specific account(s) to be addressed: Account Name: Account Number(s):

Bank Contact Name: Phone:

Payment Terms

Any payment not received within days of its due date shall accrue interest at the lesser of (i) or (ii) the maximum rate permitted by applicable law. In addition, Client shall be liable for reasonable collection costs, including attorneys' fees.

Term and Termination

Effective Date: . Term Commencement Date: . Term End Date:

Either party may terminate this Agreement for convenience upon written notice given not less than days prior to the intended termination date. Termination shall not relieve Client of obligations to pay fees for services performed through the effective date of termination.

Confidentiality

Each party acknowledges that, in connection with this Agreement, it may receive Confidential Information of the other party. "Confidential Information" means non-public business, financial or technical information disclosed by a party that is designated as confidential or that reasonably should be understood to be confidential. Each party shall (i) use Confidential Information solely for the purposes contemplated by this Agreement and (ii) protect Confidential Information with the same degree of care used to protect its own confidential information, but not less than a reasonable standard of care.

The obligations of confidentiality shall not apply to information that: (a) is or becomes generally available to the public other than as a result of a disclosure by the receiving party; (b) was known to the receiving party prior to its disclosure; (c) is independently developed by the receiving party; or (d) is required to be disclosed by law, provided that the receiving party provides prompt notice to the disclosing party and cooperates, at the disclosing party's expense, with any efforts to limit the disclosure.

Bank Authorization and Certification

Client hereby authorizes Bank to provide to Client or to Client's authorized representative written or verbal verification of the account status, balances, and other informational confirmations reasonably requested in connection with the Scope of Work. Bank's obligation to provide such information is subject to Bank's policies, applicable law, and verification of the requesting party's identity and authority.

Client certifies that all information provided to Bank is true, complete and correct, and Client agrees to indemnify and hold Bank harmless from any liability arising from Bank's reliance on this authorization or any fraudulent or unauthorized instructions received by Bank purporting to be from Client.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of law principles.

Entire Agreement

This Agreement, including any exhibits or documents expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings, proposals, negotiations and communications, whether written or oral. Any amendment to this Agreement must be in writing and signed by both parties.

Representations and Warranties; Limits on Liability

Each party represents and warrants that it has full power and authority to enter into this Agreement and to perform its obligations. Except for willful misconduct or gross negligence, neither party shall be liable to the other for consequential, incidental, special, or punitive damages, and each party's aggregate liability shall not exceed the fees paid or payable under this Agreement.

Notices

All notices under this Agreement shall be in writing and delivered to the addresses set forth above or to such other address as a party may designate in writing. Notice is effective upon receipt.

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