Business Formwork Template

BUSINESS FORMWORK AGREEMENT

Parties

Recitals

WHEREAS, Client Name: desires to engage Contractor to provide formwork services in connection with the Client's construction activities; and

WHEREAS, Contractor Name: represents that it possesses the necessary expertise, personnel, equipment, and licensure to perform the formwork services described in this Agreement; and

WHEREAS, the parties wish to set forth the terms and conditions governing the performance, payment, confidentiality, and termination of those services effective as of Effective Date:

Scope of Work

Contractor shall furnish all labor, materials, equipment, supervision, and services necessary to perform the formwork work described below in a professional and workmanlike manner in accordance with applicable codes and industry standards. Specific tasks, deliverables, and acceptance criteria are:

Payment Terms

Total Contract Price: $

Invoices submitted by Contractor are due and payable within days of invoice receipt. Overdue amounts shall accrue interest at the rate of % per month (or the maximum permitted by law), and Client shall reimburse Contractor for reasonable collection costs and attorneys' fees incurred to collect overdue payments.

Term and Termination

Term Commencement Date: . Term Expiration Date: .

Either party may terminate this Agreement for material breach by the other party if the breaching party fails to cure such breach within days after written notice specifying the breach. Either party may also terminate for convenience upon days' prior written notice to the other party. Upon termination, Contractor shall be entitled to payment for work properly performed through the effective date of termination, subject to set-off for damages or unfinished work.

Confidentiality

Each party ("Receiving Party") shall keep confidential and shall not disclose to any third party any non-public information disclosed by the other party ("Disclosing Party") that is designated confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure (collectively, "Confidential Information"). Confidential Information excludes information that (a) is or becomes generally available to the public other than as a result of a breach of this Agreement, (b) was known to the Receiving Party prior to disclosure without an obligation of confidentiality, (c) is rightfully received from a third party without an obligation of confidentiality, or (d) is independently developed by the Receiving Party without use of the Disclosing Party's Confidential Information.

The Receiving Party may disclose Confidential Information to its employees, affiliates, subcontractors, or professional advisors who have a need to know and who are under binding obligations of confidentiality. The Receiving Party shall use at least the same degree of care to protect Confidential Information as it uses to protect its own confidential information, but in no event less than reasonable care.

Indemnification and Insurance

Contractor shall indemnify, defend, and hold harmless Client from and against claims, losses, damages, liabilities, and expenses (including reasonable attorneys' fees) arising out of Contractor's negligence, willful misconduct, or breach of this Agreement in connection with the performance of formwork services. Contractor shall maintain insurance customary for similar contractors, including commercial general liability and workers' compensation, and shall provide certificates of insurance upon reasonable request.

Governing Law; Dispute Resolution

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 shall attempt in good faith to resolve disputes promptly by negotiation. If the parties are unable to resolve a dispute through negotiation within 30 days, either party may pursue any right or remedy available at law or in equity.

Entire Agreement; Amendments

This Agreement, including all exhibits, schedules, and attachments expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, or representations, written or oral. No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by authorized representatives of both parties.

Miscellaneous Provisions

Relationship of the Parties: Contractor is an independent contractor. Neither party shall hold itself out as an agent or partner of the other. Assignment: Neither party may assign this Agreement without the prior written consent of the other, except that either party may assign to an affiliate or in connection with a merger or sale of substantially all assets. Severability: If any provision of this Agreement is held invalid, illegal or unenforceable, the remaining provisions shall remain in full force and effect.

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