Business Proposal Renewals

BUSINESS PROPOSAL RENEWAL AGREEMENT

This Business Proposal Renewal Agreement (the Agreement) is entered into as of by and between:

Client Name:

Service Provider Name:

RECITALS

WHEREAS, the Service Provider submitted Proposal Number dated (the Original Proposal) to provide the goods and services described therein;

WHEREAS, the Parties desire to renew, amend and restate certain terms of the Original Proposal as set forth in this Agreement effective on (Renewal Effective Date), and to set forth the renewed scope, compensation and other material terms;

WHEREAS, the Parties intend that this Agreement governs the Parties' relationship with respect to the renewed Proposal and supersedes any inconsistent prior writings between the Parties to the extent set forth herein.

SCOPE OF WORK

PAYMENT TERMS

Total Consideration: The Client agrees to pay the Service Provider a total amount of as full compensation for the renewed Scope of Work, subject to adjustments as expressly provided herein.

Invoices are due within days of receipt. Late payments shall accrue interest at the lesser of (i) % per month, or (ii) the maximum rate permitted by applicable law, and the Client shall reimburse reasonable collection costs and attorneys' fees.

TERM AND TERMINATION

Term: This Agreement commences on the Renewal Effective Date and shall continue until unless earlier terminated in accordance with this Section.

Either Party may terminate this Agreement for convenience upon providing days' prior written notice to the other Party. Either Party may terminate for material breach if the breaching Party fails to cure a material breach within days after receipt of written notice describing the breach.

CONFIDENTIALITY

Each Party (the Recipient) agrees to hold in confidence all non-public information disclosed by the other Party (the Discloser) that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure (Confidential Information). Confidential Information shall not include information that is (a) publicly known through no act or omission of the Recipient, (b) rightfully received by the Recipient from a third party without restriction, (c) independently developed by the Recipient without use of the Discloser's Confidential Information, or (d) required to be disclosed by law or court order (subject to notice to the Discloser where permitted).

Confidentiality Period: Recipient's obligations under this Section shall remain in effect during the Term and for years following termination or expiration of this Agreement.

REPRESENTATIONS, WARRANTIES, AND INDEMNITY

Each Party represents that it has full power and authority to enter into this Agreement and that its performance will not violate any agreement with a third party. The Service Provider warrants that services will be performed in a professional manner consistent with industry standards. Each Party shall indemnify, defend and hold harmless the other Party from claims arising from the indemnifying Party's breach of this Agreement, negligence, or willful misconduct; indemnity obligations shall survive termination to the extent necessary to resolve outstanding claims.

GOVERNING LAW; DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws rules. The Parties shall attempt in good faith to resolve disputes promptly through negotiation. If the Parties cannot resolve a dispute within 30 days, either Party may pursue any available remedy in the state or federal courts located in the county of the governing state.

ENTIRE AGREEMENT; AMENDMENT

This Agreement, together with the Original Proposal as expressly amended hereby, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, understandings, and representations. Any amendment or modification of this Agreement must be in a written instrument signed by authorized representatives of both Parties.

MISCELLANEOUS PROVISIONS

Sign Now