Business Forms Addendum

Business Forms Addendum

This Business Forms Addendum (the "Addendum") is entered into by and between Client Name: and Service Provider Name: . The parties agree that this Addendum supplements and modifies the terms of the underlying agreement referenced below, as set forth herein.

Recitals

WHEREAS, the parties have an existing agreement titled: Master Agreement Title: dated (the "Agreement");

WHEREAS, the parties desire to add, amend, and standardize the business forms, templates, and related procedures used to perform the Agreement, and to set forth payment, term and confidentiality provisions applicable to such forms;

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows.

Scope of Work

Payment Terms

As consideration for the Services described in this Addendum, Client shall pay Provider the fees set forth below in accordance with the schedule and conditions stated herein.

Invoices shall be issued in accordance with the Payment Schedule. Payments not received within days of invoice due date shall be subject to a late fee of % per month, compounded monthly, until paid in full.

Term and Termination

This Addendum shall become effective as of the Effective Date and shall continue until the End Date, unless earlier terminated pursuant to this section.

Effective Date:    End Date:

Confidentiality

Each party acknowledges that in connection with the performance under this Addendum it may receive Confidential Information. "Confidential Information" means non-public business, technical, financial, client and form template information disclosed orally, in writing or by any other means and designated as confidential or that reasonably should be understood to be confidential.

The receiving party shall: (a) hold Confidential Information in strict confidence and use it only for the purposes of performing this Addendum; (b) not disclose Confidential Information to any third party without prior written consent except to employees, contractors, or professional advisors who have a need to know and who are bound by confidentiality obligations no less protective than those herein; and (c) promptly return or destroy Confidential Information upon termination of this Addendum, except to the extent required to maintain records for compliance or accounting purposes.

Governing Law

This Addendum 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 exclusive jurisdiction and venue in the courts located in the specified state for disputes arising under this Addendum.

Entire Agreement; Amendment

This Addendum, together with the Agreement identified above, constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Any amendment or modification to this Addendum must be in writing and signed by authorized representatives of both parties.

Miscellaneous Provisions

Severability: If any provision of this Addendum is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

Assignment: Neither party may assign its rights or delegate its obligations under this Addendum without the prior written consent of the other party, except that either party may assign to an affiliate or successor in connection with a sale of substantially all of its assets or equity.

Sign Now