Business Information Notice BINSR

Business Information Notice BINSR

Effective Date:   This Business Information Notice ("BINSR") is made between Business Name: and Recipient Name: .

RECITALS

WHEREAS, Business is engaged in commercial activities and maintains certain administrative, financial, and operational information that is material to contractual and regulatory obligations; and

WHEREAS, Recipient requires updated business information from Business for purposes of contract administration, payment processing, compliance, or record maintenance; and

WHEREAS, the parties desire to set forth the scope, timing, confidentiality, and legal terms governing the exchange and maintenance of such business information in this Notice.

BUSINESS INFORMATION

Corporation    Limited Liability Company (LLC)    Partnership    Sole Proprietor    Other

SCOPE OF WORK

Business will provide the information set forth in this Notice and updated information as required in accordance with the terms below. Recipient will use such information only as permitted in this Notice and applicable agreement(s).

PAYMENT TERMS

If any compensation is due in connection with the provision or verification of information, such amounts shall be set out as follows.

TERM AND TERMINATION

This Notice begins on the Start Date and continues until the End Date unless earlier terminated in accordance with this Section.

Either party may terminate this Notice for convenience by providing written notice to the other party at least the number of days specified above. Termination for breach is permitted where the breaching party fails to cure within thirty (30) days following written notice, unless a different cure period is required by applicable law or the underlying agreement.

CONFIDENTIALITY

All business information provided under this Notice that is designated confidential or that a reasonable person would understand to be confidential shall be treated as Confidential Information. Recipient shall not disclose Confidential Information to third parties except to its employees, agents, or subcontractors who have a need to know and who are bound by confidentiality obligations no less protective than those herein. Recipient 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.

Confidential Information does not include information that (a) is or becomes publicly available through no fault of Recipient; (b) is rightfully received from a third party without restriction; or (c) is independently developed by Recipient without use of Confidential Information. Recipient may disclose Confidential Information as required by law or valid legal process only after giving Business prompt written notice to permit a protective order or other remedy.

NOTICES

GOVERNING LAW

This Notice 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 submit to the exclusive jurisdiction of the courts located in that jurisdiction for disputes arising out of this Notice.

ENTIRE AGREEMENT

This Notice, together with any incorporated exhibits or referenced agreements, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings, proposals, negotiations, and agreements, whether written or oral. No amendment to this Notice will be effective unless made in writing and signed by authorized representatives of both parties.

CERTIFICATION

By signing below, each party certifies that the information provided in this Notice is true and accurate to the best of its knowledge and that the signatory is authorized to bind the party on whose behalf the signature is made. Each party agrees to notify the other promptly of any material changes to the information supplied.

Sign Now