Business Extensions Document

BUSINESS EXTENSIONS DOCUMENT

This Business Extensions Document (the Agreement) is entered into as of Effective Date: by and between:

WHEREAS

WHEREAS, the parties previously entered into an agreement identified as: dated (the Original Agreement);

WHEREAS, the parties desire to extend certain obligations, amend the scope of services, and set forth updated payment and term provisions as set forth in this Agreement.

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

SCOPE OF WORK

The parties agree that the services to be performed, the deliverables, and any modifications to prior deliverables are described below.

PAYMENT TERMS

In consideration for the extended services and modifications set forth herein, Party B shall pay Party A as follows.

Any overdue amount shall bear a late fee equal to % per month (or the maximum rate permitted by law), calculated monthly from the date due until paid in full. A grace period of days from the invoice due date will apply.

TERM AND TERMINATION

This Agreement shall commence on Start Date: and shall continue until End Date: unless earlier terminated in accordance with this section.

Either party may terminate this Agreement for convenience upon days' prior written notice to the other party. Either party may terminate immediately for material breach if the breaching party fails to cure within thirty (30) days after receipt of written notice specifying the breach. Termination shall not relieve the terminating party of any payment obligations accrued prior to termination.

CONFIDENTIALITY

Each party acknowledges that during performance under this Agreement it may receive or have access to Confidential Information of the other party. “Confidential Information” means non-public information disclosed in connection with this Agreement that is designated confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Each party agrees to: (a) hold the other party’s Confidential Information in strict confidence; (b) use it only for the purposes of performing obligations under this Agreement; and (c) limit disclosure to those employees, contractors, or advisors with a need to know, provided they are bound by confidentiality obligations no less protective than those set forth herein. Confidential Information does not include information that is: (i) already known to the receiving party without restriction; (ii) becomes publicly known through no wrongful act of the receiving party; (iii) rightfully received from a third party without restriction; or (iv) independently developed without use of the disclosing party’s Confidential Information. The obligations in this paragraph shall survive termination for a period of three (3) years except with respect to trade secrets, for which protection shall extend so long as such information remains a trade secret under applicable law.

NOTICES

All notices and communications required or permitted hereunder shall be in writing and delivered to the addresses set forth below (or to such other address as a party may designate in writing). Notices shall be effective upon delivery if delivered personally or by nationally recognized overnight courier, or three (3) business days after mailing by certified mail, return receipt requested.

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 submit to the exclusive jurisdiction of the state and federal courts located in that State for the resolution of disputes.

ENTIRE AGREEMENT; AMENDMENT

This Agreement, together with the Original Agreement as expressly modified hereby, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, proposals and communications, whether oral or written. No amendment, modification or waiver of any provision of this Agreement shall be effective unless in a writing signed by authorized representatives of both parties.

MISCELLANEOUS

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. Neither party may assign its rights or delegate its obligations under this Agreement without the prior written consent of the other party, except to an affiliate or in connection with a merger or sale of substantially all of its assets, provided that the assignee agrees in writing to be bound by the terms of this Agreement.

Sign Now