Business Objectives Template

BUSINESS OBJECTIVES TEMPLATE AGREEMENT

Company Name:    Counterparty Name:

Effective Date:

RECITALS

WHEREAS, Company Name represents that it operates in the business described in the fields above and seeks to define specific, measurable business objectives to guide the Counterparty in the performance of services and deliverables; and

WHEREAS, Counterparty Name has expertise and will provide services, strategic planning, or project execution necessary to achieve the objectives and key results set forth in this Agreement; and

WHEREAS, the parties desire to set forth the scope, schedule, payment terms, confidentiality obligations and other terms governing the parties' relationship with respect to the business objectives described herein.

SCOPE OF WORK

OBJECTIVES AND KEY RESULTS

Objective 1 Title:

Objective 1 Target Completion Date:

Objective 2 Title:

Objective 2 Target Completion Date:

Objective 3 Title:

Objective 3 Target Completion Date:

PAYMENT TERMS

Late fee:   Grace Period (days):

TERM AND TERMINATION

Term Commencement Date:    Term End Date (if any):

Either party may terminate this Agreement for cause if the other party materially breaches any obligation hereunder and fails to cure such breach within the notice period set forth above. Termination for convenience may be permitted only if expressly stated in the payment schedule or a separate written amendment signed by both parties.

CONFIDENTIALITY

Each party agrees that Confidential Information disclosed by one party to the other shall be used solely for the performance of this Agreement and shall not be disclosed to third parties except as required by law or with the prior written consent of the disclosing party. Confidential Information includes business plans, financial information, customer lists, technical processes, trade secrets and other non-public information identified as confidential at the time of disclosure.

The receiving party shall exercise at least the same degree of care to protect the disclosing party's Confidential Information as it uses to protect its own confidential information, but in no event less than reasonable care. Confidentiality obligations shall survive termination of this Agreement for a period of three (3) years unless otherwise agreed in writing.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of: , without regard to conflict of law principles.

ENTIRE AGREEMENT

This Agreement, including all attachments, schedules and objective statements incorporated by reference, 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. Any amendment to this Agreement must be in writing and signed by authorized representatives of both parties.

MISCELLANEOUS PROVISIONS

Assignment: Neither party may assign this Agreement without the prior written consent of the other party, except that either party may assign this Agreement in connection with a merger, sale of substantially all assets, or change of control provided the assignee assumes all obligations hereunder.

Notices: All notices required or permitted under this Agreement shall be in writing and delivered to the addresses provided by the parties in writing. Notice is effective upon delivery if delivered in person or by certified mail, or on the next business day if sent by reputable overnight courier.

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