Business Requote Template

BUSINESS REQUOTE TEMPLATE

RECITALS

WHEREAS, Client Name: and Service Provider Name: entered into an original proposal and quote identified as Reference Number: dated (Original Quote).

WHEREAS, circumstances including changes in scope, material costs, scheduling, or regulatory requirements necessitate a repricing and modification of the Original Quote; and the parties desire to set forth revised scope, pricing, schedule and terms in this Business Requote.

NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree that the Original Quote shall be superseded to the extent set forth in this Requote Agreement, effective as of Effective Date: .

SCOPE OF WORK

REQUOTED ITEMS

Item 1 — Description:

Quantity:    Unit Price: $    Line Total: $

Item 2 — Description:

Quantity:    Unit Price: $    Line Total: $

Item 3 — Description:

Quantity:    Unit Price: $    Line Total: $

PAYMENT TERMS

Total Requoted Price: $

Deposit required    Amount: $

Late Fee: — Late fees accrue on overdue amounts from the invoice due date until paid in full. Parties acknowledge that late fees are reasonable and intended to compensate for administrative costs and delay.

TERM AND TERMINATION

Term Commencement Date: . Expected Completion Date: .

Either party may terminate this Requote by providing Notice Period (days): days' prior written notice to the other party. Termination for material breach is permitted if the breach is not cured within the notice period. Upon termination, Provider shall be entitled to payment for work performed and expenses reasonably incurred through the effective date of termination.

CONFIDENTIALITY

Each party shall maintain the confidentiality of the other party's proprietary information disclosed in connection with this Requote. Confidential Information excludes information that: (a) is or becomes publicly available through no breach of this Agreement; (b) was rightfully in the receiving party's possession prior to disclosure; (c) is rightfully received from a third party without restriction; or (d) is independently developed without use of the disclosing party's Confidential Information. Obligations of confidentiality shall survive termination for a period of three (3) years, unless a longer period is required by applicable law.

GOVERNING LAW

This Requote shall be governed by and construed in accordance with the laws of the State of , without regard to its conflicts of laws principles. The parties consent to the exclusive jurisdiction of the state and federal courts located within that State for resolution of disputes.

ENTIRE AGREEMENT

This Requote, together with the Original Quote to the extent not inconsistent herewith, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, representations, and communications, whether written or oral. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

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