Business BK Log

Business BK Log Agreement

Effective Date:

Client Name:   Service Provider Name:

RECITALS

WHEREAS, Client engages Provider to compile, maintain and deliver a running register (the Business BK Log) of bankruptcy proceedings, filings, material deadlines, hearings and related actions that may affect Client's business interests; and

WHEREAS, Provider possesses the personnel, systems and professional competence to maintain accurate records of bankruptcy matters and to furnish periodic updates and notices to Client in accordance with the terms set forth in this Agreement; and

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

SCOPE OF WORK

Provider shall perform the following services as part of the Business BK Log:

• Create and maintain a centralized log of bankruptcy matters materially related to Client's operations, assets or counterparties.
• Record case identifiers, jurisdictions, filing dates, chapter designations, trustees, counsel of record, scheduled hearings, claim amounts and next required actions.
• Deliver written status updates and alert notices to Client in accordance with the notification schedule specified in Payment Terms and Scope of Work.

BUSINESS BK LOG — TRACKING ENTRIES

Use the fields below to record active bankruptcy matters. Provider will maintain this register and update entries as new information becomes available. Complete at least the Case Name, Case Number and Filing Date for each entry.

PAYMENT TERMS

Client shall pay Provider for the services described herein in accordance with the terms below.

If any invoice remains unpaid after the invoice due period, Provider may suspend services and shall be entitled to recover collection costs, including reasonable attorney fees, in addition to accruing the stated late fee on outstanding amounts.

TERM AND TERMINATION

Either party may terminate this Agreement for material breach by the other party that remains uncured for thirty (30) days after written notice of such breach, or immediately for cause where required by law. Upon termination, Provider shall deliver the current Business BK Log in an agreed electronic or printed format and Client shall pay Provider for services rendered through the termination date.

CONFIDENTIALITY

Provider acknowledges that the Business BK Log will contain Confidential Information of Client. Provider shall: (a) hold Confidential Information in strict confidence; (b) not disclose Confidential Information to third parties except to employees or contractors on a need-to-know basis who are bound by confidentiality obligations at least as protective as those herein; and (c) use Confidential Information solely to perform the services under this Agreement.

Confidential Information does not include information that: (i) is or becomes publicly known through no breach by Provider; (ii) was rightfully in Provider's possession prior to receipt from Client; or (iii) is rightfully received from a third party without restriction. Provider's obligations of confidentiality shall survive termination of this Agreement for a period of months.

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 attachments or written exhibits signed by both parties and the Business BK Log entries maintained by Provider, constitutes the entire agreement between Client and Provider with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations and understandings.

Any amendment to this Agreement must be in writing and signed by authorized representatives of both parties.

Sign Now