Business Executive Summary

BUSINESS EXECUTIVE SUMMARY

Company Name:   Prepared By:   Effective Date:

RECITALS

WHEREAS, Company: is engaged in the business of developing, marketing, and selling the products and services described herein; and

WHEREAS, Counterparty: seeks to evaluate and, subject to terms herein, engage with Company for potential commercial arrangements and consideration as set forth below; and

WHEREAS, the parties desire to document the business overview, scope of proposed work, financial highlights, and key terms that will govern any subsequent definitive agreements between them.

BUSINESS OVERVIEW

PRODUCTS / SERVICES

MARKET ANALYSIS & COMPETITIVE POSITION

MANAGEMENT & ORGANIZATION

FINANCIAL HIGHLIGHTS

SCOPE OF WORK

PAYMENT TERMS

Late Fee:   Grace Period (days):

TERM AND TERMINATION

Term Commencement:   Term Expiration:

CONFIDENTIALITY

Each party acknowledges that, in connection with this Executive Summary and any related discussions, the disclosing party may provide confidential, proprietary, or trade secret information ("Confidential Information"). The receiving party shall (i) hold such Confidential Information in strict confidence, (ii) not disclose it to any third party except as expressly permitted in writing, and (iii) use it solely for the limited purpose of evaluating or performing the Scope of Work. Confidentiality obligations shall survive termination of this document for a period of years, except to the extent disclosure is required by law, in which case the receiving party shall provide prompt written notice to the disclosing party where legally permissible.

GOVERNING LAW

This Executive Summary, and any dispute arising out of or relating to it, shall be governed by and construed in accordance with the laws of without regard to choice-of-law principles. The parties submit to the exclusive jurisdiction of the courts located in that jurisdiction for resolution of disputes.

ENTIRE AGREEMENT

This Executive Summary sets forth the primary business terms and the mutual understanding of the parties regarding the matters described herein. Except as otherwise expressly set forth in any subsequently executed definitive agreement, this document does not create any binding obligation to consummate any transaction other than as to confidentiality and exclusivity provisions specifically identified in writing. This Executive Summary, together with any written attachments executed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, representations, and agreements, whether written or oral.

RISKS, ASSUMPTIONS & MILESTONES

ADDITIONAL TERMS

Any material modifications to the Scope of Work, Payment Terms, or Term shall be made in writing and executed by authorized representatives of both parties. No waiver of any provision of this Executive Summary shall be effective unless in writing and signed by the party against whom the waiver is asserted.

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