Business Group Update

BUSINESS GROUP UPDATE

Client Name:

Business Group Name:   Group ID:

RECITALS

WHEREAS, the Business Group identified above (the "Group") maintains records and registrations with the Administrator and requires an official update to its account; and

WHEREAS, the Group desires to update one or more of its group attributes, membership roster, contact information, or tax and legal designations, and the Administrator is willing to implement such updates in accordance with the terms set forth in this Agreement; and

WHEREAS, the parties wish to record the authorized changes, the effective date of those changes, and the responsibilities of each party with respect to implementation and payment for services.

SCOPE OF WORK

Effective Date:

TYPE OF CHANGE (CHECK ALL THAT APPLY)

Name change
Address/contact information
Add/remove members
Tax or legal status
Other (specify below)

PAYMENT TERMS

Update Fee Amount:

Payments due within days of invoice. Late fee: on unpaid balances.

All fees are exclusive of taxes and third-party costs; the Group shall be responsible for any taxes or costs incurred in connection with implementation of the update unless otherwise stated in writing.

TERM AND TERMINATION

Term Start Date:   Term End Date:

Either party may terminate this Update for convenience upon written notice of days to the other party. Termination for cause is permitted where a material breach is not cured within 15 days after written notice.

CONFIDENTIALITY

Each party shall treat all non-public information disclosed by the other party in connection with this Update as Confidential Information. Confidential Information shall not be disclosed to any third party except as required by law or with the disclosing party's prior written consent. The receiving party shall use the same degree of care to protect Confidential Information as it uses for its own confidential materials, but in no event less than reasonable care.

Confidential Information does not include information that (i) is or becomes publicly available other than through a breach by the receiving party; (ii) was known to the receiving party prior to disclosure; (iii) is independently developed by the receiving party without use of the disclosing party's Confidential Information; or (iv) is rightfully received from a third party without restriction.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction of: , without regard to its conflicts of law principles.

ENTIRE AGREEMENT

This document, together with any exhibits or attachments signed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, proposals and communications, whether written or oral. No amendment shall be effective unless in writing and signed by authorized representatives of both parties.

REPRESENTATIONS AND CERTIFICATIONS

The undersigned represents and certifies that they are authorized to request and effect the updates described in this Agreement, that the information provided herein is true and accurate to the best of their knowledge, and that they will provide any documentation reasonably requested to implement the updates.

ADDITIONAL DOCUMENTATION

By signing below, each party acknowledges that they have read and understand this Business Group Update and that the information provided is complete and accurate. The parties agree to cooperate to implement the updates and to execute any further documents reasonably required to effectuate the terms of this Update.

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