Business Acta Template

BUSINESS ACTA TEMPLATE

This Business Acta (the Agreement) documents the decisions and operative terms adopted by the meeting described below and, where applicable, constitutes a binding agreement between the undersigned parties.

Meeting Details

Company Name:

Meeting Date:    Meeting Location:

WHEREAS (Recitals)

WHEREAS, the Company desires to document decisions of its meeting held on the date specified above concerning the matters described in this Acta; and

WHEREAS, the parties present and recorded herein have the authority to adopt and execute resolutions, agreements and actions on behalf of the Company consistent with governing organizational documents and applicable law; and

WHEREAS, the parties intend that the actions set forth in this Acta take effect in accordance with the terms and conditions set forth below.

Scope of Work

Payment Terms

Compensation Amount: . The Company shall pay the amounts due as set forth below.

Invoices shall be submitted in writing and paid within days of receipt. Late payments shall incur interest at or the maximum rate permitted by law, whichever is less.

Term and Termination

Term Commencement: . Term Expiration: .

Either party may terminate this Acta for convenience upon written notice delivered at least days prior to the intended termination date. Termination for cause may be immediate where the breaching party fails to cure a material breach within a period of days after receipt of written notice of breach.

Confidentiality

Each party (the Recipient) shall hold in confidence all Confidential Information disclosed by the other party (the Discloser) and shall not use or disclose such information except as necessary to perform under this Acta. "Confidential Information" includes non-public business, technical, financial and operational information, but does not include information that (a) is or becomes publicly available other than through a breach of this obligation; (b) was rightfully known to the Recipient prior to disclosure; (c) is independently developed by the Recipient without use of Confidential Information; or (d) is required to be disclosed by law, provided the Discloser is given prompt written notice and an opportunity to seek protective relief.

The obligations of confidentiality shall survive termination of this Acta for a period of years, or for such longer period as required for trade secrets under applicable law.

Governing Law

This Acta shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of law principles. The parties submit to the exclusive jurisdiction of the courts located in that State for any dispute arising under this Acta.

Entire Agreement

This Acta, together with any exhibits or written resolutions referenced herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral or written understandings, commitments or agreements. Any amendment or modification to this Acta must be in writing and signed by the parties authorized to bind each party.

Attendees and Resolutions

Certification

I hereby certify that the foregoing is a true and correct record of actions taken at the meeting described herein, and that the persons signing below are authorized to approve and execute this Acta on behalf of their respective parties.

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