Business LFMB Template

Business LFMB Template

This Business LFMB Template Agreement ("Agreement") is entered into by and between Client Name: and Service Provider Name: . The parties agree as set forth below.

WHEREAS

WHEREAS, Client engages Service Provider to perform certain business, financial and management-related services as described herein; and

WHEREAS, Service Provider has represented that it has the expertise, personnel, and resources to perform the services in a professional manner and in accordance with applicable law; and

WHEREAS, the parties desire to set forth their respective rights and obligations with respect to the engagement of Service Provider by Client.

AGREEMENT

Effective Date: . The parties agree as follows.

Scope of Work

Service Provider shall perform the services set forth below and all tasks reasonably necessary to achieve the described deliverables. Service Provider will provide personnel with appropriate qualifications and will manage the services in a commercially reasonable manner.

Payment Terms

Client shall pay Service Provider for services rendered in accordance with the fees and schedule set forth below. All amounts are stated in the currency agreed by the parties.

Late Payment: If Client fails to pay any undisputed amount within the invoice period, Client shall pay a late fee of per month compounded monthly, or a flat late fee of , whichever is greater.

Term and Termination

Term: This Agreement shall commence on Start Date: and continue until End Date: , unless earlier terminated in accordance with this Agreement.

Either party may terminate this Agreement for convenience upon providing written notice to the other party at least days prior to termination. Either party may terminate immediately for material breach that remains uncured for a period of 15 days following written notice of such breach.

Upon termination, Service Provider shall deliver to Client all work in progress and Client shall pay Service Provider for all services performed and documented expenses incurred through the effective date of termination.

Confidentiality

Each party acknowledges that in the course of performance it may receive confidential or proprietary information of the other party ("Confidential Information"). Confidential Information shall not include information that is (a) publicly known through no breach of this Agreement, (b) rightfully received from a third party without restriction, or (c) independently developed without use of the other party's Confidential Information.

Each party shall (i) hold the other party's Confidential Information in strict confidence, (ii) use such information only for the purposes of performing under this Agreement, and (iii) restrict disclosure to employees, contractors and agents who have a need to know and who are bound by confidentiality obligations no less protective than those set forth herein.

By checking this box, the signing party acknowledges and agrees to comply with the confidentiality obligations set forth in this Agreement.

Governing Law; Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to principles of conflicts of law. The parties shall attempt in good faith to resolve disputes promptly by negotiation between executives. If unresolved within 30 days, disputes shall be resolved by binding arbitration in the governing state, unless the parties mutually agree otherwise in writing.

Entire Agreement; Amendment

This Agreement, including all schedules and attachments hereto, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals and communications, whether written or oral. No amendment or modification shall be effective unless in writing and signed by authorized representatives of both parties.

Notices

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth below or such other address as a party may designate by notice in accordance with this section.

Miscellaneous

Assignment: Neither party may assign this Agreement or any of its rights hereunder without the prior written consent of the other party, except that either party may assign this Agreement in connection with a merger, acquisition or sale of substantially all its assets.

Independent Contractor: Service Provider is an independent contractor and not an employee, partner or agent of Client. Service Provider shall be solely responsible for payment of all federal, state and local taxes and withholdings attributable to compensation paid under this Agreement.

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