Business Project Completion Form

BUSINESS PROJECT COMPLETION FORM

Client Name:     Contractor Name:

Recitals

WHEREAS, Client Name is engaged in the operation of its business and requires certain services for the project identified below; and

WHEREAS, Contractor Name has represented that it possesses the necessary expertise, personnel and resources to complete the work described in this form; and

WHEREAS, the parties desire to confirm completion status, final payments, outstanding items, releases and other matters relating to the specified project.

Project Identification

Scope of Work / Deliverables

The following describes the work performed and the deliverables completed under the contract. The description below should correspond to the contract scope and change orders, if any.

Completion Dates

Date of Substantial Completion:     Date of Final Completion:

Completion Checklist

All contract deliverables provided and accepted

Final inspection completed and passed

Any defects or punchlist items identified

Payment Terms

Final Contract Amount Due: $     Balance Due Date:

Late Payment Fee:     Final Invoice Number (if applicable):

Term and Termination

Agreement Start Date:     Agreement End Date:

Either party may terminate this agreement for material breach if the breach is not cured within days after written notice. Termination shall not relieve Client of obligation to pay for work properly performed prior to termination.

Confidentiality

Each party shall maintain in confidence all non-public business, technical or financial information disclosed by the other party in connection with the performance and completion of the project. Information shall not be disclosed except to employees, agents or contractors on a need-to-know basis and only to the extent necessary for completion, and such recipients shall be bound by obligations of confidentiality at least as protective as those set forth herein.

Confidentiality exceptions include information that is independently developed, already in the receiving party’s possession without restriction, or required to be disclosed by law or valid subpoena, provided the disclosing party is given prompt notice and opportunity to seek protective measures.

Representations, Liens and Final Release

Contractor represents that all work has been performed in a professional manner consistent with industry standards and in compliance with applicable laws and regulations. Contractor warrants that it has paid or will pay all subcontractors and suppliers and will, upon receipt of final payment, execute and deliver lien releases and waivers required by Client.

Final Payment Received: Check to indicate Client has received final invoice payment in full

Governing Law

This form and any disputes arising out of or relating to it shall be governed by and construed in accordance with the laws of the State of , without regard to its conflicts of law principles.

Entire Agreement

This Business Project Completion Form, together with the underlying contract and any executed change orders, constitutes the entire agreement between the parties with respect to the matters addressed herein and supersedes all prior and contemporaneous agreements, representations and understandings, whether written or oral. Any amendment must be in writing and signed by authorized representatives of both parties.

Final Acceptance

By signing below, Client acknowledges acceptance of the completed work as described above, subject to any outstanding items noted, and authorizes release of final payment in accordance with the Payment Terms.

Acceptance Date:     Accepted By (Print Name):

Additional Remarks

Certification: The undersigned certify that they are authorized representatives of their respective parties and that the information contained in this form is true, complete and accurate to the best of their knowledge. The undersigned further certify that all payments due for labor, materials and services have been disclosed and that any required lien releases will be provided upon final payment.

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