Business Letter Head Template

BUSINESS LETTERHEAD TEMPLATE — GENERAL BUSINESS AGREEMENT

Company Name

Date:

This General Business Agreement ("Agreement") is made effective as of by and between (hereinafter "Client") and (hereinafter "Service Provider").

WHEREAS

WHEREAS, the Client seeks to obtain certain services in connection with its business operations, and the Service Provider represents that it possesses the qualifications, skill, and capacity to perform such services on the terms set forth herein.

WHEREAS, the parties desire to set forth the terms and conditions under which the Service Provider will perform services for the Client and to allocate their respective rights and responsibilities in writing.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

Scope of Work

The Service Provider shall perform the services described below. The parties acknowledge that specific deliverables, timelines, and acceptance criteria are fundamental to the performance obligations.

Payment Terms

The Client shall pay the Service Provider the consideration described below in exchange for the services performed under this Agreement. All payments shall be made in lawful currency and are exclusive of applicable taxes unless otherwise stated.

Invoices shall be rendered in accordance with the payment schedule and are due within thirty (30) days of receipt unless otherwise agreed in writing. Any undisputed late amounts shall accrue interest at the lesser of one and one-half percent (1.5%) per month or the maximum rate permitted by law. Client shall be responsible for pre-approved, reasonable out-of-pocket expenses incurred by Service Provider in connection with performing the services.

Term and Termination

This Agreement commences on the Start Date and continues until the End Date unless earlier terminated in accordance with this section.

Start Date:    End Date:

Either party may terminate this Agreement for cause if the other party materially breaches its obligations and fails to cure such breach within thirty (30) days after receipt of written notice specifying the breach. Termination does not relieve Client of its obligation to pay for services performed and expenses incurred prior to the effective date of termination.

Confidentiality

Each party (“Receiving Party”) shall maintain in confidence all non-public, confidential, and proprietary information disclosed by the other party (“Disclosing Party”) in connection with this Agreement ("Confidential Information"). Confidential Information shall not include information that is already in the public domain through no fault of the Receiving Party, rightfully obtained by the Receiving Party from a third party without restriction, or independently developed without use of the Disclosing Party’s Confidential Information.

The Receiving Party shall use Confidential Information solely for the purposes of performing obligations under this Agreement and shall restrict disclosure to its employees, contractors, or agents who have a need to know and who are bound by confidentiality obligations at least as protective as those herein.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the following jurisdiction without regard to its conflict of laws principles:

Entire Agreement; Amendment

This Agreement, together with any appendices or schedules expressly incorporated herein, constitutes the entire agreement between the parties and supersedes all prior and contemporaneous agreements, proposals, and understandings, whether written or oral, relating to the same subject matter. No amendment or modification of this Agreement shall be binding unless executed in writing by authorized representatives of both parties.

Notices

All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be delivered to the parties at the addresses set forth below (or to such other address that a party may specify by notice given in accordance with this section).

Miscellaneous

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. 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, acquisition, or sale of substantially all of its assets. The parties acknowledge that monetary damages may be insufficient remedy for breach of the confidentiality obligations and that the Disclosing Party may be entitled to injunctive relief.

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