Business Bid Acceptance Form

BUSINESS BID ACCEPTANCE FORM

Parties

Recitals

WHEREAS, Bidder submitted a written bid identified as Bid Reference Number dated , proposing to perform the work described below; and

WHEREAS, Client desires to accept the Bidder's bid in accordance with the terms and conditions set forth in this Business Bid Acceptance Form; and

WHEREAS, the parties intend that this document constitute the binding agreement defining scope, payment, and related obligations for the accepted bid.

Scope of Work

The Bidder shall perform the services and deliverables described below in accordance with the accepted bid and applicable specifications. The scope includes, but is not limited to, the tasks, deliverables, milestones, and required standards set forth by Client and accepted by Bidder.

Payment Terms

Total Contract Price: $

Deposit or Initial Payment: $ payable within days of acceptance.

Late Payment: Unpaid amounts shall accrue interest at or the maximum rate permitted by law, together with reasonable collection costs and attorneys' fees.

Term and Termination

Agreement Commencement Date: and Agreement Completion Date: .

Either party may terminate this Agreement for cause upon written notice if the other party materially breaches any obligation and fails to cure such breach within days after receipt of written notice. Client may terminate for convenience upon days' prior written notice, subject to payment for work performed and reasonable demobilization costs.

Confidentiality

"Confidential Information" means non-public information disclosed by one party to the other, whether oral, written, electronic, or observed, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information excludes information that (a) is or becomes generally known to the public through no wrongful act of the receiving party; (b) was rightfully in the receiving party's possession prior to disclosure; (c) is independently developed by the receiving party without reference to the disclosing party's Confidential Information; or (d) is rightfully obtained from a third party without restriction.

The receiving party shall (i) use Confidential Information solely for the performance of this Agreement, (ii) restrict disclosure to its employees and contractors with a need to know and who are bound to confidentiality obligations at least as protective as those herein, and (iii) take reasonable measures to prevent unauthorized disclosure. The obligations of confidentiality shall survive termination of this Agreement for a period of three (3) years, except with respect to trade secrets, for which the receiving party's obligations shall continue for as long as the information remains a trade secret.

Warranties, Liability, and Insurance (Summary)

Bidder warrants that services will be performed in a professional and workmanlike manner consistent with industry standards. Except as expressly set forth herein, all other warranties are disclaimed to the fullest extent permitted by law. Liability of each party for direct damages arising out of this Agreement shall be limited to the total amount paid or payable under this Agreement, except for liabilities resulting from willful misconduct or gross negligence. Bidder shall maintain insurance customary for the scope of work and provide evidence of insurance upon Client request.

Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of , without regard to conflict of laws principles. The parties shall attempt in good faith to resolve disputes promptly by negotiation. If the parties cannot resolve a dispute by negotiation within thirty (30) days, the dispute may be submitted to binding arbitration if both parties agree in writing; otherwise, the parties' exclusive forum for disputes shall be the state or federal courts located in the governing jurisdiction named above.

Entire Agreement

This Business Bid Acceptance Form, together with the accepted bid documents incorporated herein by reference, constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior and contemporaneous negotiations, representations, and agreements, whether written or oral. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

Certifications and Acknowledgments

Each party hereby certifies that it has full authority to enter into this Agreement, that the person signing on its behalf is authorized to bind the party, and that no further approvals are required for this Agreement to be binding and enforceable.

Acceptance

By executing below, the parties accept and agree to be bound by the terms of this Business Bid Acceptance Form as of the dates indicated by their signatures.

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