Family Name Agreement

FAMILY NAME AGREEMENT

This Family Name Agreement ("Agreement") is entered into as of by and between the parties set forth below.

Parties

Recitals

WHEREAS, Party A and Party B are family members who desire to formalize the mutual understanding and obligations relating to the adoption, use, and administration of the family name (the "Family Name") and associated administrative matters;

WHEREAS, the parties intend by this Agreement to set forth the scope of actions to be taken, any consideration to be exchanged, confidentiality protections, and the procedures for amendment or termination;

WHEREAS, the parties acknowledge that certain legal documents and administrative fees may be required to effectuate use of the Family Name and desire to allocate responsibility and payment for such items as set forth below.

Scope of Work

The parties agree that the services and actions to be performed in connection with the adoption, registration or formal use of the Family Name shall include the items described below. The descriptions shall be detailed and shall identify who performs each task and any deliverables or filings to be completed.

Payment Terms

As consideration for the services and obligations described in this Agreement, the parties agree the following payment provisions apply.

Late payments shall accrue interest at the rate of % per month, compounded monthly, or a minimum late payment charge of $ , whichever is greater. Invoicing and payment procedures shall be as set forth in the payment schedule above. The non-paying party shall be liable for any reasonable collection costs and attorneys' fees incurred in enforcing payment obligations.

Term and Termination

This Agreement shall commence on and shall continue in effect until unless earlier terminated pursuant to the provisions of this Agreement.

Either party may terminate this Agreement for material breach by the other party if such breach is not cured within days following receipt of written notice specifying the nature of the breach. Termination shall not relieve any party of obligations accrued prior to termination, including payment obligations.

Confidentiality

Each party agrees to maintain in confidence all non-public personal, financial, or administrative information disclosed in connection with this Agreement ("Confidential Information"). Confidential Information shall not include information that: (a) was rightfully in the receiving party's possession prior to disclosure, (b) becomes publicly available through no fault of the receiving party, (c) is received from a third party without breach of an obligation of confidentiality, or (d) is independently developed by the receiving party without use of Confidential Information. A party may disclose Confidential Information if required by law or valid legal process, provided that the disclosing party gives prompt written notice to the other party and cooperates in any lawful effort to limit disclosure. Monetary damages may be inadequate for breach of this provision; accordingly, injunctive relief shall be an available remedy in addition to other remedies at law or equity.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its choice-of-law principles. The parties submit to the exclusive jurisdiction of the courts located in that state for any dispute arising under this Agreement.

Entire Agreement; Amendment

This Agreement, together with any exhibits or schedules expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in a written instrument signed by both parties.

Miscellaneous

If any provision of this Agreement is determined to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Neither party may assign its rights or obligations under this Agreement without the prior written consent of the other party, except that either party may assign this Agreement in connection with a merger or sale of substantially all of its assets.

The parties acknowledge that they have read and understand this Agreement, have had an opportunity to seek independent advice if desired, and agree that this Agreement is binding upon their heirs, successors, and permitted assigns.

Sign Now