Handover Receipt Template

HANDOVER RECEIPT AGREEMENT

This Handover Receipt Agreement ("Agreement") is entered into between Handover Party Name: and Receiving Party Name: . The parties agree as follows.

WHEREAS

WHEREAS, the Handover Party is in lawful possession, control, or ownership of the assets, materials, documentation and related information listed below (the "Handover Items");

WHEREAS, the Receiving Party has requested receipt and acceptance of the Handover Items and the Handover Party is willing to transfer custody and responsibility in accordance with the terms and conditions of this Agreement; and

WHEREAS, the parties intend that this Agreement memorialize the condition, scope, and any contingent obligations arising from the handover.

SCOPE OF WORK / HANDOVER DESCRIPTION

ITEMIZED HANDOVER LIST

List each item being handed over below. Include serial numbers, current condition, and quantity. Attach additional sheets if necessary.

PAYMENT TERMS

If any consideration is payable in connection with this handover, the parties agree to the following terms.

TERM AND TERMINATION

This Agreement commences on the Effective Date and continues until termination as provided below.

Effective Date:     Termination / End Date:

Either party may terminate this Agreement for material breach if such breach remains uncured following expiration of the notice period specified above. Termination does not relieve either party of liabilities accrued prior to termination.

CONFIDENTIALITY

The parties acknowledge that in connection with the handover they may receive Confidential Information. Each party shall: (a) hold such Confidential Information in strict confidence; (b) use it solely for purposes of performing under this Agreement; and (c) not disclose it to any third party except as required by law or with the prior written consent of the disclosing party. Confidential Information does not include information that is or becomes publicly available through no breach of this Agreement, or that is rightfully obtained by a party from a third party without restriction.

The parties confirm they will comply with the confidentiality terms set forth above.

LIABILITY AND RISK

Unless otherwise agreed in writing, risk of loss or damage to physical items passes to the Receiving Party upon physical handover and acknowledgment on the signature page. The Handover Party warrants that, to the best of its knowledge, items listed are not subject to undisclosed liens or encumbrances unless expressly stated in writing.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction indicated below. Disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.

ENTIRE AGREEMENT

This Agreement, together with any attachments, schedules, or addenda signed by the parties, constitutes the entire agreement between the parties regarding the handover and supersedes all prior negotiations, representations, and agreements, whether written or oral. No amendment or modification shall be effective unless in writing and signed by both parties.

ADDITIONAL PROVISIONS

The parties confirm that they have read and understood this Agreement, that they have authority to bind their respective organizations, and that the information provided in this document is accurate as of the Effective Date.

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