Business Letter to SBA

BUSINESS LETTER TO SBA

Date:

Dear ,

Recitals

WHEREAS, the Company seeks to enter into a written understanding with the Small Business Administration for the purpose of formalizing services, deliverables, and responsibilities related to the project described herein; and

WHEREAS, the Small Business Administration has agreed to review and, subject to the terms set forth below, authorize staff to coordinate certain support activities and record the mutual agreement of the parties for administrative and audit purposes; and

WHEREAS, the parties desire to set forth the terms and conditions under which services will be provided and obligations accepted.

Scope of Work

The Company will perform the services described below. The parties acknowledge that specific tasks, milestones, and acceptance criteria are required for effective administration and oversight. Complete description of services, deliverables and performance standards:

Payment Terms

Contract Amount: $

Late Payment Fee: on overdue balances, calculated from the date payment was due until paid in full.

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. Either party may also terminate without cause by providing days' written notice to the other party.

Confidentiality

Each party acknowledges that during the performance of this agreement it may receive Confidential Information of the other party. "Confidential Information" means non-public business, technical or financial information disclosed in any form. The receiving party shall: (a) hold Confidential Information in strict confidence; (b) use Confidential Information solely to perform its obligations under this agreement; and (c) not disclose Confidential Information to any third party except as required by law or with the prior written consent of the disclosing party. The obligations set forth above will continue for years following termination or expiration of this agreement.

Governing Law

This agreement will be governed by and construed in accordance with the laws of the State of , without regard to conflict of laws principles.

Representations; Entire Agreement

Each party represents and warrants that it has the authority to enter into this agreement and to perform its obligations hereunder. This agreement, together with any executed attachments, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings, whether written or oral.

If any provision of this agreement is held to be invalid or unenforceable, such provision will be struck and the remaining provisions will remain in full force and effect.

Authority to Sign

Each individual signing below certifies that they are authorized to bind the party for whom they are signing and that all corporate, organizational or agency approvals required to enter into this agreement have been obtained.

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