Subscription agreement joint state government commission form
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Subscription Agreement with Nonprofit Corporation
Subscription agreement made this the ___________________ (date), between
________________________ (Name of Payee), a nonprofit corporation organized and existing
under the laws of __________________ (state), with its principal office located at ___________
_________________________________________________________ (street address, city,
county, state, zip code) , referred to herein as Payee, and _________________________
(Name of Subscriber) , of _______________________________________________________
__________ (street address, city, county, state, zip code) , referred to herein as Subscriber.
A. Subscription; Time for Payment Subscriber shall pay a total of $____________ to Payee. The (e.g. first half) ________
____________ of this amount shall be paid to Payee on or before _________________ (date);
the (e.g. second half) ______________________ shall be paid to Payee on or before
__________________ (date).
B. Purpose of Subscription Payee shall use this subscription to (describe use) .
C. Minimum Amount of Total Subscription
This agreement shall not be binding on either party until Payee obtains $____________ or more
in subscriptions. To allow Payee sufficient time to obtain $____________ in subscriptions,
neither Payee nor Subscriber may terminate this agreement until _______________ (date).
D. Notice For Subscriber to terminate this Agreement, Subscriber must give written notice to
Payee at ____________________________________________________________________
_________ (street address, city, county, state, zip code) , by personal delivery or by certified
mail, postage prepaid, with return receipt requested. For Payee to terminate this agreement,
Payee must give written notice to Subscriber by mailing notice of the termination, postage
prepaid, to ___________________________________________________________________
__________ (street address, city, county, state, zip code) .
E. Severability The invalidity of any portion of this Agreement will not and shall not be deemed to affect
the validity of any other provision. If any provision of this Agreement is held to be invalid, the
parties agree that the remaining provisions shall be deemed to be in full force and effect as if
they had been executed by both parties subsequent to the expungement of the invalid provision.
F. No Waiver
The failure of either party to this Agreement to insist upon the performance of any of the
terms and conditions of this Agreement, or the waiver of any breach of any of the terms and
conditions of this Agreement, shall not be construed as subsequently waiving any such terms
and conditions, but the same shall continue and remain in full force and effect as if no such
forbearance or waiver had occurred.
G. Governing Law
This Agreement shall be governed by, construed, and enforced in accordance with the
laws of the State of ________________.
H. Entire Agreement
This Agreement shall constitute the entire agreement between the parties and any prior
understanding or representation of any kind preceding the date of this Agreement shall not be
binding upon either party except to the extent incorporated in this Agreement.
I. Modification of Agreement Any modification of this Agreement or additional obligation assumed by either party in
connection with this Agreement shall be binding only if placed in writing and signed by each
party or an authorized representative of each party.
J. Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be
assigned or transferred to any other person, firm, corporation, or other entity without the prior,
express, and written consent of the other party.
K. In this contract, any reference to a party includes that party's heirs, executors,
administrators, successors and assigns, singular includes plural and masculine includes
feminine.
WITNESS our signatures as of the day and date first above stated.
_____________________________ (Name of Payee)
________________________ By:_________________________________
(Printed name) ____________________________
________________________ (Printed name & Office in Corporation)
(Signature of Subscriber) ______________________
(Signature of Officer)
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