Business Acta CCAA Template

BUSINESS ACTA CCAA TEMPLATE

This Acta of Agreement (the Agreement) is entered into on by and between:

WHEREAS

WHEREAS, Party A is duly organized and authorized to engage in the business of and has the capacity to perform the services described herein;

WHEREAS, Party B requires certain services and assistance related to and desires to engage Party A on the terms set forth in this Agreement;

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

1. Scope of Work

Party A shall perform the services and deliverables as described below. The description constitutes the full scope of work to be provided under this Agreement.

2. Payment Terms

In consideration for the services performed by Party A, Party B shall pay Party A the amounts and according to the schedule set forth below. Fees are exclusive of applicable taxes unless otherwise stated.

Late payments will incur interest at a rate of on outstanding balances after days from the invoice due date. Reasonable collection costs and attorneys' fees incurred to enforce payment shall be borne by the defaulting party.

3. Term and Termination

This Agreement shall commence on and shall continue in effect until unless earlier terminated as provided herein.

Either party may terminate this Agreement for convenience upon providing written notice at least days prior to termination. Either party may terminate immediately for material breach that is not cured within thirty (30) days after written notice specifying the breach.

4. Confidentiality

Each party (the Receiving Party) shall hold in strict confidence all non-public, proprietary or commercially sensitive information disclosed by the other party (the Disclosing Party) and shall not disclose such Confidential Information to any third party or use it for any purpose other than performing under this Agreement, except as required by law. Confidential Information includes technical data, trade secrets, business plans, pricing, customer lists and other information that is designated confidential or that a reasonable person would understand to be confidential under the circumstances.

The obligations of confidentiality shall survive termination of this Agreement for a period of from the date of termination, except with respect to trade secrets, for which protection shall continue as required by applicable law.

5. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction of without regard to its conflict of laws principles. Any dispute arising out of or in connection with this Agreement shall be resolved in the courts of that jurisdiction, unless the parties agree in writing to arbitration.

6. Entire Agreement

This Agreement, including any schedules and exhibits expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written. No amendment, modification or waiver of any provision of this Agreement shall be effective unless in writing and signed by authorized representatives of both parties.

7. Miscellaneous Provisions

a) Independent Contractors. The parties are independent contractors and nothing in this Agreement will be construed to create a partnership, joint venture, agency or employment relationship. b) Assignment. Neither party may assign its rights or delegate its obligations under this Agreement without the prior written consent of the other party, except to an affiliate or successor in connection with a merger or sale of substantially all assets. c) Notices. All notices must be in writing and delivered to the addresses set forth above or to such other address as a party may designate in writing.

Execution

The parties acknowledge that this document serves as the official acta reflecting the agreement reached between the parties. The undersigned represent and warrant that they are duly authorized to enter into this Agreement on behalf of the respective parties.

Sign Now