Business Plan St Croix Co CDPG

BUSINESS PLAN ST CROIX CO CDPG

This Business Plan Agreement (the Agreement) is entered into as of by and between Business Name: with principal place of business at (Applicant), and St Croix County Community Development Program Group, Representative: , with mailing address: (CDPG).

RECITALS

WHEREAS, Applicant seeks funding, technical assistance, and programmatic oversight from CDPG to develop and implement a business plan intended to promote local economic development, job retention, or expansion within St Croix County; and

WHEREAS, CDPG is authorized to provide grant funds, advisory services, and monitoring in furtherance of community development objectives subject to the terms and conditions set forth in this Agreement; and

WHEREAS, the parties desire to set forth their respective responsibilities, deliverables, payment terms, reporting obligations and other contractual terms governing the provision and use of CDPG resources in connection with the business plan described herein.

SCOPE OF WORK

PAYMENT TERMS

Total Payment Amount: $ payable by CDPG to Applicant as compensation for services and deliverables described above, subject to the payment schedule below and CDPG approval of deliverables.

Late Payment: If any undisputed amount owed under this Agreement is not received by the payee within days after the due date, the outstanding amount shall accrue interest at a rate of % per month, or the maximum rate permitted by applicable law, whichever is lower.

TERM AND TERMINATION

Term Commencement Date:    Term End Date:

Either party may terminate this Agreement for convenience upon providing written notice to the other party at least days prior to the proposed termination date. In addition, either party may terminate immediately for material breach if the breaching party fails to cure within thirty (30) days after receipt of written notice specifying the breach.

CONFIDENTIALITY

The parties acknowledge that in connection with performance under this Agreement each may receive Confidential Information. For purposes of this Agreement, Confidential Information means non-public business information, financial data, trade secrets, technical information, and other information clearly identified as confidential. Each party shall: (a) hold Confidential Information in strict confidence; (b) use Confidential Information solely for the purposes of performing this Agreement; and (c) not disclose Confidential Information to any third party except as required by law or with the disclosing party's prior written consent.

The foregoing obligations of confidentiality shall survive termination or expiration of this Agreement for a period of years, provided that trade secrets shall be protected for so long as they qualify as trade secrets under applicable law.

COMPLIANCE, REPORTING, AND AUDIT

Applicant shall maintain complete and accurate records of expenditures and activities supported by CDPG funds. CDPG or its designee shall have the right to audit, inspect and copy such records upon reasonable notice during regular business hours.

REPRESENTATIONS, WARRANTIES AND COVENANTS

Each party represents and warrants that it has full power and authority to enter into and perform this Agreement. Applicant further represents that all information submitted in support of the business plan and any grant application is true, complete and accurate to the best of Applicant's knowledge and that funds received will be used in accordance with this Agreement and applicable program guidelines.

Applicant certifies that the business plan attached or described herein contains no material misstatements and that Applicant will comply with applicable laws and program requirements.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. Venue for any litigation arising out of this Agreement shall be in a court of competent jurisdiction located in the county in which CDPG maintains its principal offices.

AMENDMENT; ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior discussions, proposals, and agreements, whether written or oral. No modification, amendment or waiver of any provision of this Agreement shall be effective unless in writing and signed by authorized representatives of both parties.

NOTICES

INDEMNIFICATION

Each party shall indemnify, defend and hold harmless the other party and its officers, directors, employees and agents from and against any claims, losses, liabilities, damages and expenses (including reasonable attorneys' fees) arising out of the indemnifying party's breach of this Agreement, negligent acts or willful misconduct in connection with performance under this Agreement, except to the extent caused by the negligence or willful misconduct of the indemnitee.

MISCELLANEOUS PROVISIONS

If any provision of this Agreement is held to be invalid, illegal or unenforceable, the remaining provisions shall continue in full force and effect. The parties acknowledge that monetary damages may be inadequate to remedy a breach of the confidentiality provisions and that the non-breaching party may seek injunctive relief in addition to any other remedies available at law or in equity.

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