Buyer Agreement Approval Form

BUYER AGREEMENT APPROVAL FORM

Parties and Reference

Recitals

WHEREAS, Buyer Name: desires to purchase certain goods or services from Seller Name: in accordance with the terms set forth in the underlying agreement identified above;

WHEREAS, Buyer requires formal approval of the terms, payment obligations, and scope of work prior to authorizing performance or release of purchase orders; and

WHEREAS, the parties intend that this Buyer Agreement Approval Form memorialize Buyer’s approval, any conditions to approval, and the essential commercial terms that control acceptance.

Scope of Work

Description of goods, deliverables, milestones and any specifications to be furnished by Seller. Buyer approval is limited to the scope described below unless otherwise amended in writing.

Payment Terms

Invoices shall be submitted in accordance with the payment schedule above. Buyer will pay undisputed amounts within the agreed term following receipt of a proper invoice. Disputed items will be identified in writing and the undisputed portion will be paid pending resolution. Late payments shall accrue the Late Payment Fee above from the original due date until paid.

Term and Termination

The agreement approved by this form commences on and continues until unless earlier terminated in accordance with the terms below.

Either party may terminate for material breach if such breach remains uncured for the notice period above after written notice. Buyer reserves the right to terminate for convenience upon providing the notice period; in such event Seller shall be entitled to payment for goods delivered and work performed to the effective date of termination in accordance with contract terms, less setoffs for breach or nonconformity.

Confidentiality

Each party shall hold in confidence all non-public information disclosed by the other party that is designated 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 (i) already known to the receiving party without an obligation of confidentiality, (ii) publicly available through no fault of the receiving party, (iii) rightfully received from a third party without restriction, or (iv) independently developed by the receiving party without use of the disclosing party’s Confidential Information.

The receiving party may disclose Confidential Information to its employees, agents and contractors who have a need to know and are bound by confidentiality obligations no less protective than those herein. The receiving party shall use at least the same degree of care to protect Confidential Information as it uses to protect its own confidential information, but no less than a reasonable standard of care.

Governing Law

This Buyer Agreement Approval Form and the underlying agreement shall be governed by and construed in accordance with the laws of the jurisdiction selected below, without regard to principles of conflicts of law.

Entire Agreement

This Buyer Agreement Approval Form, together with the underlying agreement and any incorporated exhibits, schedules and purchase orders, constitutes the entire agreement between the parties with respect to the subject matter herein and supersedes all prior and contemporaneous agreements, proposals and communications, whether written or oral. No amendment or waiver shall be effective unless in writing and signed by authorized representatives of both parties.

Approval Decision and Conditions

Approval Status: Approve Reject

Certifications

The undersigned certifies that they have the authority to approve this agreement on behalf of Buyer, that the information provided is true and correct to the best of their knowledge, and that this approval reflects Buyer’s authorization to proceed in accordance with the terms and conditions set forth herein, subject to any conditions expressly noted.

Sign Now