Project Approval Final Sign-off Template

PROJECT APPROVAL FINAL SIGN-OFF TEMPLATE

This Project Approval Final Sign-off (the "Approval") is made effective as of by and between Client Name: and Contractor Name: .

Project Title: Project Number:

WHEREAS

WHEREAS, Client engaged Contractor to perform the work described in the project documents and Contractor has completed the deliverables identified in the Scope of Work to the satisfaction of Contractor; and

WHEREAS, the parties desire to document final acceptance of the Project and the remaining payment obligations, to confirm that the obligations described below have been satisfied and to set forth the terms for final close-out and release of remaining funds.

WHEREAS, the parties will rely on the certifications and acknowledgements contained in this Approval as the basis for final payment and termination of further delivery obligations under the underlying contract.

SCOPE OF WORK — FINAL DELIVERABLES

ACCEPTANCE CRITERIA

By executing this Approval, Client certifies that the deliverables identified in the Scope of Work have been inspected and meet the contractual acceptance criteria, except as expressly noted in the Acceptance Notes above.

PAYMENT TERMS

Late Payment Fee: Interest shall accrue on any unpaid amount at a rate of per month (or the maximum lawful rate if lower). Final payment of is due upon final acceptance as certified in this Approval.

Retainage Release: Any retainage identified in the underlying contract will be released upon completion of the acceptance approvals in this document and receipt of any required close-out documentation.

TERM AND TERMINATION

Contract Start Date: Contract End Date:

Termination for Cause: Either party may terminate this Agreement for material breach if the breaching party fails to cure the breach within the notice period specified above. Termination shall not relieve the breaching party of liability for damages resulting from the breach.

Termination for Convenience: Client may terminate for convenience upon providing the required notice and payment for work performed and reasonable demobilization costs as set forth in the underlying contract.

CONFIDENTIALITY

Each party shall hold in confidence and not disclose to any third party any confidential information received from the other party in connection with the Project, except to the extent necessary to perform obligations under this Approval or where disclosure is required by law. Confidential information shall remain confidential for years following the Effective Date.

GOVERNING LAW

This Approval shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles. Venue for any dispute arising under this Approval shall be in the courts located within that State.

ENTIRE AGREEMENT

This Approval, together with the underlying contract documents expressly incorporated by reference, constitutes the entire agreement between the parties with respect to final acceptance and payment for the Project. Any prior or contemporaneous agreements, representations, or understandings, whether oral or written, are superseded by this Approval. Amendments to this Approval must be in writing and signed by authorized representatives of both parties.

FINAL CERTIFICATIONS

By signing below, each party certifies that: (a) the signatory is authorized to sign on behalf of the party; (b) all representations in this Approval are true and correct to the best of the signatory's knowledge; and (c) Client's execution of this Approval constitutes final acceptance for the purposes of final payment, subject to any exceptions noted in Acceptance Notes.

Sign Now