Project Readiness Statement

PROJECT READINESS STATEMENT

This Project Readiness Statement (the Statement) is made between Client Name: and Service Provider Name: . Effective Date: .

WHEREAS

WHEREAS, Client requires Service Provider to initiate the project described herein and represents that Client has authority to commit required resources and approvals on behalf of the project stakeholders; and

WHEREAS, Service Provider has reviewed the preliminary scope and confirms that, subject to the conditions and prerequisites identified in this Statement, Service Provider is prepared to commence work in accordance with the Scope of Work and the readiness criteria set forth below; and

WHEREAS, the parties intend this Statement to define the prerequisites, responsibilities, and acceptance criteria necessary to declare the project ready for execution and billing.

PROJECT IDENTIFICATION

SCOPE OF WORK

The parties agree the initial scope to be executed upon declaration of readiness is described below. The scope includes deliverables, acceptance criteria, and specific exclusions. Service Provider shall perform the work in a professional manner consistent with industry standards.

READINESS CHECKLIST

The following prerequisites must be satisfied prior to formal commencement. Indicate completion and date when each item is satisfied.

PAYMENT TERMS

Total Project Fee: $ . Payment will be made in accordance with the schedule below. Invoices are due within days of invoice receipt.

Late Payment Fee: If any undisputed amount is not paid when due, a late fee of % per month (or the maximum permitted by law, if lower) will apply, calculated daily from the due date until payment in full.

TERM AND TERMINATION

Commencement Date: . Anticipated Completion Date: .

Either party may terminate this Statement for material breach by the other party if such breach remains uncured for days following written notice. Termination does not relieve either party of payment obligations for services performed prior to termination.

CONFIDENTIALITY

Each party will maintain in confidence all non-public information disclosed by the other party that is designated confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential information will not be used except in connection with performance under this Statement and will not be disclosed to third parties except to those employees, agents, or subcontractors who need to know and who are bound by confidentiality obligations.

Client and Service Provider acknowledge and accept the confidentiality obligations set forth above.

GOVERNING LAW; REMEDIES

This Statement will be governed by and construed in accordance with the laws of the jurisdiction identified below without regard to conflict of law principles. The parties agree that exclusive remedies for disputes arising under this Statement will be limited to those remedies expressly set forth herein except where injunctive or equitable relief is necessary to prevent irreparable harm.

ENTIRE AGREEMENT

This Statement, together with any referenced attachments, schedules, or exhibits signed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, and communications, whether written or oral. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

CERTIFICATION

By signing below, each signatory represents and warrants that they are authorized to bind the party for whom they sign, that all prerequisites required of their party have been truthfully stated in this Statement, and that the party accepts the terms, scope, and readiness criteria herein.

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