Business Impact Letter

BUSINESS IMPACT LETTER

Date:

To:

From:

Subject: Business Impact Statement Concerning:

RECITALS

WHEREAS, the Business (identified above) conducts commercial operations that provide goods and/or services to the Recipient and third parties, and maintains business records including contracts, financial statements, and operational plans; and

WHEREAS, on or about the Business experienced an event described as: , which has materially affected operations and anticipated revenues; and

WHEREAS, the Business submits this Business Impact Letter to document losses, mitigation actions, and requested actions or remedies, and to memorialize agreement on the handling of impact, recovery obligations, and any payment or reporting requirements.

SCOPE OF IMPACT

QUANTIFICATION OF IMPACT

Estimated direct financial loss to date: $

Estimated ongoing monthly loss: $

MITIGATION AND CONTINUITY MEASURES

Expected time to full recovery (if known):

SUPPORTING DOCUMENTATION

The Business is attaching or will provide the following supporting records (check all that apply):

Financial statements (profit & loss, balance sheet)
Relevant invoices and contracts
Payroll and personnel records
Insurance correspondence and claim forms
Other (describe):

PAYMENT TERMS

Agreed compensable amount: $

Late fee/interest on overdue amounts:

TERM AND TERMINATION

Effective date:    Anticipated end date:

Either party may terminate this arrangement for material breach upon written notice delivered to the other party. Required notice period prior to termination: days.

CONFIDENTIALITY

All information disclosed in connection with this Business Impact Letter, including financial data, mitigation plans, and supporting records, shall be treated as Confidential Information. Recipient agrees not to use Confidential Information for any purpose other than evaluation, remediation, or performance under this Letter, and shall not disclose such information except (a) with the prior written consent of the Business; (b) to its employees, consultants, or advisors who have a need to know and are bound by confidentiality obligations at least as restrictive as those herein; or (c) as required by law, provided that the Recipient gives the Business prompt notice and cooperates reasonably to seek protective relief. Confidentiality obligations shall survive termination of this Letter for a period of three (3) years.

REPRESENTATIONS AND WARRANTIES

Each party represents and warrants that it has the full corporate power and authority to enter into this Business Impact Letter and to perform its obligations hereunder, and that execution and delivery have been duly authorized by all necessary corporate action.

GOVERNING LAW

This Letter shall be governed by and construed in accordance with the laws of the State of without regard to choice-of-law rules that would apply the laws of any other jurisdiction.

ENTIRE AGREEMENT

This Business Impact Letter, together with any attachments or supporting documentation expressly incorporated by reference, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Any amendment must be in writing and signed by authorized representatives of both parties.

NOTICES

All notices required or permitted under this Letter shall be in writing and delivered to the contact person and address provided below. Notice is effective upon receipt.

CERTIFICATION

The undersigned certifies that the information contained in this Business Impact Letter is true and accurate to the best of their knowledge, that the amounts claimed represent a reasonable calculation of losses and costs incurred, and that the undersigned has authority to bind the party on whose behalf they sign. The undersigned agrees to provide reasonably requested documentation to support the claims set forth herein.

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