Business Readiness Template

Business Readiness Template

This Business Readiness Template (the "Agreement") is entered into as of Effective Date: by and between Client Name: and Service Provider Name: .

WHEREAS

WHEREAS, Client Name: requires certain readiness assessments, planning, and implementation assistance related to the business activity described as: ;

WHEREAS, Service Provider Name: has expertise and resources to evaluate readiness, produce deliverables, and assist Client in achieving operational readiness under the terms set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants herein, the parties agree as follows.

Scope of Work

Readiness Checklist

Business continuity and disaster recovery plan in place

Core IT systems configured and tested

Staff trained for operational responsibilities

Regulatory and contractual compliance requirements met

Payment Terms

Interest at % per month on overdue balances, or a late fee of USD, whichever is greater. Collection costs and reasonable attorneys' fees shall be recoverable.

Term and Termination

Term Start Date:   Term End Date:

This Agreement shall continue in effect for the Term unless earlier terminated in accordance with this section. Either party may terminate for material breach by the other party if such breach is not cured within days after written notice. Either party may terminate without cause upon days' prior written notice.

Upon termination, Provider shall deliver all completed and in-process deliverables and invoice for work performed to the effective date of termination; Client shall pay all undisputed amounts within thirty (30) days of receipt.

Confidentiality

Each party shall maintain in strict confidence all non-public information disclosed by the other party 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 or becomes generally known to the public through no fault of the receiving party. The receiving party shall limit disclosure to those employees, contractors, and advisors with a need to know and shall be responsible for their compliance with this provision.

Confidential Information may be disclosed where required by law, provided the receiving party gives prior written notice and cooperates with the disclosing party in any protective 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 laws principles.

Entire Agreement and Amendments

This Agreement, including all schedules and exhibits expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, representations, and understandings. No amendment shall be effective unless in writing and signed by authorized representatives of both parties.

Roles, Responsibilities, Dependencies

Contacts

The undersigned parties represent and warrant that they have authority to enter into this Agreement on behalf of their respective organizations and that the information provided herein is accurate to the best of their knowledge.

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