Economic Development Proposal

ECONOMIC DEVELOPMENT PROPOSAL

Recitals

WHEREAS, Proposer is engaged in the business of economic development planning, project facilitation, financial incentive analysis, and related consulting services and possesses the expertise and resources necessary to perform the services described herein; and

WHEREAS, Client seeks to advance a specified economic development initiative located at and desires Proposer's professional services to develop a comprehensive proposal for public/private investment, incentive packaging, and implementation strategy; and

WHEREAS, the parties wish to set forth the terms under which Proposer will deliver the scope of work, compensation will be paid, and the mutual obligations of the parties will be governed.

Scope of Work

Proposer shall prepare and deliver the following services in a professional and workmanlike manner consistent with prevailing industry standards. Deliverables may include stakeholder engagement, market and fiscal impact analysis, incentive and financing strategy, implementation plan, and presentation materials. Describe the detailed scope, milestones, and acceptance criteria:

Project Timeline

Expected start date:   Projected completion date:

Payment Terms

Client shall pay Proposer the fees set forth below in consideration for the services described in the Scope of Work. All fees are exclusive of applicable taxes and reimbursable expenses unless otherwise stated.

Invoices shall be issued by Proposer upon completion of each invoiced milestone and are due within days of receipt. Overdue amounts shall bear interest at % per month (or the maximum lawful rate, if lower) plus any reasonable collection costs.

Term and Termination

This Agreement shall commence on the Effective Date and continue until completion of the Scope of Work unless earlier terminated in accordance with this section. Effective Date:

Either party may terminate this Agreement for convenience upon days' prior written notice to the other party. Either party may terminate immediately for material breach if the breach remains uncured for thirty (30) days following written notice. Upon termination, Client shall pay Proposer for work performed through the effective date of termination and for any non-cancellable commitments incurred in connection with the performance of services.

Confidentiality

Each party acknowledges that in the course of performance it may receive Confidential Information of the other party. "Confidential Information" means non-public information disclosed in written, electronic, or oral form that is designated confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Each receiving party shall: (a) hold Confidential Information in strict confidence and use it only to perform obligations under this Agreement; (b) restrict disclosure to employees, contractors, and advisors who have a need to know and who are bound by confidentiality obligations at least as protective as those herein; and (c) not disclose Confidential Information to any third party without prior written consent of the disclosing party. Confidential Information does not include information that: (i) is or becomes publicly available through no fault of the receiving party; (ii) was known to the receiving party before disclosure without restriction; (iii) is rightfully received from a third party without an obligation of confidentiality; or (iv) is independently developed without use of the disclosing party's Confidential Information. Upon termination, the receiving party shall return or destroy Confidential Information as requested by the disclosing party, except to the extent retention is required by law, regulation, or internal document retention policies.

Compliance; Representations

Proposer represents that it will perform services in compliance with applicable laws and regulations. Client represents that it has the authority to enter into this Agreement and to provide relevant information and approvals. Each party shall obtain and maintain all permits, consents, and approvals required to carry out its responsibilities under this Agreement.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction specified below, without regard to its conflict of law principles.

Entire Agreement

This Agreement, including all exhibits and attachments expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, proposals, and communications, whether written or oral. No modification or waiver of any provision of this Agreement shall be effective unless in writing and signed by both parties.

Notices

Notices required or permitted under this Agreement shall be in writing and delivered to the addresses provided above or to such other address as a party may specify in writing. Notices shall be deemed given upon personal delivery, one business day after delivery to a reputable overnight courier, or three business days after deposit in the U.S. mail, postage prepaid, certified mail, return receipt requested.

Additional Provisions

The parties may, by mutual written amendment, add specific incentive programs, funding sources, or implementation partners as attachments to this Proposal. Any conflict between an attachment and this Agreement shall be resolved by giving precedence to the terms of this Agreement unless the attachment expressly states that it supersedes a specific provision and is signed by both parties.

Sign Now