Business Feasibility Study Proposal

BUSINESS FEASIBILITY STUDY PROPOSAL

This Business Feasibility Study Proposal ("Proposal") is made effective as of between Consultant Name: and Client Name: . The parties agree as follows.

WHEREAS

WHEREAS, Client intends to evaluate the commercial viability of a proposed business initiative identified as Project Name: and requires an independent feasibility study addressing market, operational and financial factors;

WHEREAS, Consultant represents that Consultant has the expertise and resources to perform analysis regarding market demand, competitive landscape, operational requirements, projected financial performance and risk assessment;

WHEREAS, the parties desire to set forth the scope, deliverables, schedule, payment terms and other material terms governing the engagement.

SCOPE OF WORK

Consultant shall perform a business feasibility study that includes data-driven assessment of market demand, competitive analysis, operational requirements, regulatory considerations, capital and operating cost estimates, financial projections, sensitivity analysis, and a recommendation section. Specific tasks are set forth below and may be modified by written agreement of the parties.

DELIVERABLES AND MILESTONES

The Consultant will deliver the following milestones. Each milestone delivery will include an executive summary and supporting data files unless otherwise specified.

Due Date:   Fee: $

Due Date:   Fee: $

Due Date:   Fee: $

PAYMENT TERMS

In consideration of the services to be performed, Client shall pay Consultant the fees described below in accordance with the selected payment schedule.

Payment Schedule (select applicable):

Lump sum payable upon execution of this Proposal

Installments as set forth below

Late fee of per month on past due balances after a grace period of days. Client is also responsible for reasonable collection costs and interest permitted by law.

TERM AND TERMINATION

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

Either party may terminate this Proposal for convenience upon providing written notice to the other party not less than days prior to the intended termination date. Termination for material breach shall be permitted where the breaching party fails to cure within days following written notice of breach. Upon termination, Consultant shall be compensated for services performed and reimbursable expenses incurred up to the effective date of termination.

CONFIDENTIALITY

Each party acknowledges that in performance of this Proposal it may receive confidential, proprietary or trade secret information of the other party ("Confidential Information"). The receiving party shall: (a) use Confidential Information solely for the performance of this Proposal; (b) protect Confidential Information with the same degree of care it uses to protect its own confidential information but in no event less than reasonable care; and (c) not disclose Confidential Information to third parties except to employees, agents or subcontractors who have a need to know and who are bound by confidentiality obligations no less restrictive than those herein. Confidential Information does not include information that is or becomes publicly known through no breach of this Agreement, independently developed without reference to the other's Confidential Information, or rightfully received from a third party without restriction.

The obligations in this Section shall survive termination of the engagement for a period of years from the date of disclosure, except with respect to trade secrets for which protection shall last as long as permitted by applicable law.

INDEPENDENT CONTRACTOR

Consultant is an independent contractor and not an employee, agent or legal representative of Client. Consultant shall be solely responsible for payment of all compensation to its employees and subcontractors, and for withholding taxes, insurance and other statutory obligations unless otherwise agreed in writing.

GOVERNING LAW

This Proposal shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. The parties consent to the exclusive jurisdiction of the state and federal courts located within that state for resolution of disputes arising under this Proposal.

ENTIRE AGREEMENT

This Proposal, including any attachments or exhibits expressly incorporated in writing, contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings and representations. Any modification or amendment must be in writing and signed by authorized representatives of both parties.

ASSIGNMENT; SUBCONTRACTING

Neither party may assign its rights or obligations under this Proposal without the prior written consent of the other party, which consent shall not be unreasonably withheld. Consultant may subcontract portions of the work provided Consultant remains responsible for performance and compliance with the terms of this Proposal.

LIMITATION OF LIABILITY

Except for liability arising from willful misconduct or gross negligence, neither party shall be liable to the other for consequential, incidental, special or punitive damages. Consultant's aggregate liability for any claims arising out of this Proposal shall not exceed the total fees actually paid by Client to Consultant under this Proposal.

NOTICES

All notices required or permitted hereunder shall be in writing and delivered to the addresses provided below by hand, registered mail, or certified mail, return receipt requested, or by nationally recognized courier service.

By signing below, the parties acknowledge that they have read, understood and agree to be bound by the terms of this Business Feasibility Study Proposal.

Sign Now