Meeting Draft Minutes

MEETING DRAFT MINUTES

Meeting Date:    Time:

Location:

Meeting Type:    Meeting Number:

PARTIES AND INTRODUCTORY RECITALS

Organization/Host Name:

Representative for Host:

External Party/Other Entity Name:

Representative for Other Entity:

WHEREAS, the Host convened a meeting on the meeting date to consider and take action regarding the matters described in the agenda; and

WHEREAS, the representatives of the listed parties attended the meeting and discussed potential obligations, deliverables, and administrative matters that may form the basis of binding obligations between the parties; and

WHEREAS, these draft minutes memorialize the discussions and preliminary agreements reached at the meeting and are presented as a basis for further action and formal agreement.

ATTENDEES

AGENDA

DISCUSSION AND DECISIONS

Summary of Key Discussions:

ACTION ITEMS

Action Item 1 Description:

Assigned To:    Due Date:

Action Item 2 Description:

Assigned To:    Due Date:

PROPOSED AGREEMENT TERMS

The parties acknowledge that the matters discussed at this meeting may form the basis for a General Business Agreement. The proposed principal terms discussed at the meeting are summarized below and are intended as a non-binding record until executed in a final written agreement, except where expressly stated otherwise.

SCOPE OF WORK

PAYMENT TERMS

Total Amount:    Payment Schedule:

Late Fee:    Invoice Terms:

TERM AND TERMINATION

Proposed Start Date:    Proposed End Date:

Notice Period for Termination:    Termination for Cause:   (Checked indicates parties discussed and reserve right to terminate for material breach with notice and cure period)

Termination Procedure: In the event of termination, obligations incurred prior to the effective termination date shall survive until fully performed or otherwise resolved by written agreement.

CONFIDENTIALITY

The parties acknowledge that certain information disclosed in or in connection with the meeting is confidential. Each party agrees that confidential information shall not be disclosed to third parties and shall be used solely for the purpose of negotiating and performing any resulting agreement, except as required by law. Confidential information does not include information that is or becomes publicly available other than through a breach of this confidentiality obligation.

Confidentiality Acknowledged:   (Check to indicate parties confirmed and intend confidentiality as described)

GOVERNING LAW

Governing Law: The parties agree that any disputes arising from the negotiations or any subsequent agreement shall be governed by the laws of the state of without regard to conflict of laws principles.

ENTIRE AGREEMENT

Entire Agreement: These draft minutes and the terms recorded herein constitute a non-exhaustive record of discussions. Except as otherwise expressly agreed in a final written agreement executed by the parties, no binding contractual obligations are created solely by these draft minutes. Any binding obligations shall be set forth in a separate, duly executed written agreement, which shall constitute the entire agreement between the parties with respect to its subject matter and supersede all prior discussions and understandings.

DRAFT STATUS, APPROVAL, AND CERTIFICATION

Status: These minutes are draft and are subject to review and formal approval at the next scheduled meeting. Any corrections, clarifications, or formal approvals shall be recorded in the minutes of that subsequent meeting.

Prepared By:    Title:

Date Prepared:

NEXT MEETING

Proposed Next Meeting Date:    Time:

Proposed Location:

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