Business Correspondence Real Estate Letter

Business Correspondence Real Estate Letter

Date:

Introductory Agreement

This Business Correspondence Real Estate Letter and General Business Agreement (the Agreement) is entered into as of the date set forth above by and between the undersigned Sender: and Recipient: (collectively, the Parties).

WHEREAS

WHEREAS, the Parties are engaged in real estate activities relating to the property located at (the Property), and desire to establish terms for the preparation, review, delivery and management of formal business correspondence relating to the Property;

WHEREAS, the Parties desire that such correspondence be drafted, reviewed and transmitted in a manner that preserves legal rights, protects confidential information and advances the deal objectives in a commercially reasonable manner;

WHEREAS, the Parties intend for this Letter to serve both as an operative correspondence instruction and as a general business agreement governing services described below.

Scope of Work

The Sender shall prepare, revise and deliver business correspondence, including but not limited to letters, notice drafts, transactional communications, demand and response correspondences, and closing-related communications pertaining to the Property. The Sender's responsibilities shall include review for legal sufficiency, factual accuracy, and consistency with deal terms, and shall coordinate any required approvals prior to transmission.

Payment Terms

In consideration for the services described herein, Recipient agrees to pay Sender as follows.

Any late payment shall accrue interest at the lesser of (i) per month or (ii) the maximum rate permitted by law, together with a minimum late fee of . Fees and interest are cumulative and survive termination until paid in full.

Term and Termination

This Agreement shall commence on and shall continue in effect until , unless earlier terminated in accordance with this Section.

Either Party may terminate this Agreement for convenience upon days' prior written notice. Either Party may terminate for material breach if the non-breaching Party provides written notice and the breaching Party fails to cure within days of receipt of such notice. Termination does not relieve Recipient of payment obligations for services performed prior to termination.

Confidentiality

Each Party shall hold in confidence and shall not disclose to any third party any non-public proprietary or confidential information of the other Party disclosed in connection with this Agreement, including drafts of correspondence, negotiation positions, and deal terms (Confidential Information). Confidential Information does not include information that is or becomes publicly available through no wrongful act of the recipient, or that is independently developed by the recipient without reference to the discloser's Confidential Information.

The obligations set forth in this section shall survive termination of this Agreement for a period of years, or to the extent required by law, until such Confidential Information enters the public domain by lawful means.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflicts of law principles. The Parties consent to the exclusive jurisdiction of the state and federal courts located in that State for any dispute arising out of or relating to this Agreement.

Entire Agreement

This Agreement, together with any exhibits or documents expressly incorporated herein by reference, constitutes the entire agreement between the Parties with respect to its subject matter and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written. Any amendment or modification must be in writing and signed by both Parties.

Miscellaneous Provisions

Relationship of the Parties: The Parties are independent contractors and nothing in this Agreement shall be construed to create a partnership, joint venture, agency or employment relationship. Assignment: Neither Party may assign this Agreement without the prior written consent of the other Party, except that either Party may assign to an affiliate or in connection with a merger or sale of substantially all assets. Indemnification: Each Party shall indemnify and hold harmless the other Party from losses arising from its own negligent or willful acts in performing under this Agreement.

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