Business Dare Document

BUSINESS DARE DOCUMENT

Date of Agreement:

Company Name:    Counterparty Name:

RECITALS

WHEREAS, the Company and the Counterparty desire to enter into a binding business dare whereby the Counterparty will undertake a specific commercial challenge or performance obligation described herein in consideration of the payments and terms set forth below;

WHEREAS, the parties intend that the dare shall be commercially enforceable and that the parties will adhere to standards of good faith, measurable completion criteria, and specified remedies for failure to perform;

WHEREAS, the parties desire to set forth their agreement in writing and to define the scope, payment, confidentiality, and termination conditions applicable thereto.

SCOPE OF WORK

Completion Criteria:

PAYMENT TERMS

Reimbursable Expenses:  Expenses are reimbursable as pre-approved in writing

TERM AND TERMINATION

Term Commencement Date:    Term End Date:

Termination for Convenience: Either party may terminate this Agreement upon days' prior written notice to the other party.

CONFIDENTIALITY

Definition: "Confidential Information" means all non-public business, technical and financial information disclosed by either party that is designated as confidential or that a reasonable person would understand to be confidential given the nature of the information and the circumstances of disclosure.

Obligations: Each party shall (a) use Confidential Information solely to perform its obligations under this Agreement; (b) restrict disclosure to only those employees, contractors or agents with a need to know and who are bound by obligations of confidentiality at least as protective as those herein; and (c) implement reasonable safeguards to prevent unauthorized use or disclosure.

Exceptions: Confidential Information does not include information that (i) is or becomes publicly available through no breach of this Agreement; (ii) is rightfully received from a third party without restriction; (iii) is independently developed without use of the other party's Confidential Information; or (iv) is required to be disclosed by law, provided notice is given where lawful and practicable.

Duration: The confidentiality obligations shall survive termination of this Agreement for years, except with respect to trade secrets, which shall be protected for so long as they remain trade secrets.

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.

ENTIRE AGREEMENT

This Agreement, together with any exhibits and referenced schedules, 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 or modification shall be effective unless in writing and signed by authorized representatives of both parties.

MISCELLANEOUS

Notices shall be delivered to the addresses below by certified mail, courier, or email with delivery confirmation. Notice Address:

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