Business Lnet Document Template

BUSINESS LNET DOCUMENT TEMPLATE

This General Business Agreement (the "Agreement") is made effective as of by and between the parties identified below.

Parties

Recitals

WHEREAS, Provider is engaged in the business of providing specialized business networking services, introductions, and related consulting support; and

WHEREAS, Recipient desires to engage Provider to perform services as described in this Agreement and Provider is willing to perform such services subject to the terms and conditions set forth herein; and

NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, the parties agree as follows.

Scope of Work

Provider shall perform the services and deliverables described below. The description set out in this section constitutes the full scope of Provider's obligations unless otherwise amended in writing.

Payment Terms

In consideration of Provider’s performance of the Scope of Work, Recipient shall pay Provider as follows.

If any undisputed invoice remains unpaid more than days after the due date, Recipient shall pay interest at a rate of on the outstanding balance until paid in full. In addition, Provider may suspend services after providing written notice of nonpayment.

Term and Termination

This Agreement shall commence on and shall continue in full force and effect until unless earlier terminated as provided herein.

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 receipt of written notice specifying the breach. Either party may also terminate for convenience upon providing the other party with not less than the notice period set forth above, provided that Recipient shall pay Provider for all work performed and costs incurred through the effective date of termination.

Confidentiality

For purposes of this Agreement, "Confidential Information" means non-public information disclosed by one party to the other that, at the time of disclosure, is designated as confidential or that reasonably should be understood to be confidential. Each party agrees: (a) to hold Confidential Information in strict confidence and to use it solely to perform obligations under this Agreement; (b) not to disclose Confidential Information to any third party except to employees, agents, or subcontractors who have a need to know and are bound by confidentiality obligations no less protective than those herein; and (c) to take commercially reasonable measures to protect Confidential Information from unauthorized disclosure.

Confidential Information does not include information that: (i) is or becomes generally available to the public through no breach of this Agreement; (ii) was known to the receiving party prior to disclosure; (iii) is received from a third party without breach of any obligation of confidentiality; or (iv) is independently developed without use of the disclosing party's Confidential Information. The obligations in this section shall survive termination of this Agreement for a period of three (3) years.

Representations and Warranties

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

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of law principles. The parties agree that the state and federal courts located within that state shall have exclusive jurisdiction over any disputes arising out of or relating to this Agreement.

Entire Agreement

This Agreement, including any exhibits or attachments expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, negotiations and communications, whether oral or written. Any amendment or modification of this Agreement must be in writing and signed by authorized representatives of both parties.

Miscellaneous

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Neither party may assign this Agreement without the prior written consent of the other party, except to a successor in interest in connection with a merger or sale of substantially all of its assets.

Notices under this Agreement shall be in writing and delivered to the addresses set forth above or to such other address as a party may designate by written notice to the other.

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