Sales Negotiation Agreement
Sales Negotiation Agreement
This Sales Negotiation Agreement (the "Agreement") is entered into on the 10th day of November, 2055 (the "Effective Date"), by and between Party 1, [Your Company Name] at [Your Company Address] and Party 2, [Second Party] at [Second Party Address] collectively referred to as the "Parties."
WHEREAS, Party 1 is engaged in the business of manufacturing and selling industrial machinery, and Party 2 is engaged in the business of logistics and distribution services;
WHEREAS, the Parties wish to engage in negotiations to establish the terms and conditions of a potential sale of heavy-duty conveyors (the "Product") to XYZ Corporation by Party 1;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the Parties agree as follows:
1. Negotiation Period
The Parties agree to engage in good-faith negotiations for a period commencing on the Effective Date and continuing until December 31, 2055 (the "Negotiation Period"). The Parties may extend the Negotiation Period by mutual written agreement.
2. Non-Binding Nature of Negotiations
The Parties acknowledge that all negotiations and discussions conducted during the Negotiation Period are non-binding and do not create any legally enforceable obligations on either Party to consummate the sale of the Product.
3. Confidentiality
Both Parties agree to keep all negotiations, discussions, and any information exchanged during the Negotiation Period confidential. Each Party shall take reasonable steps to protect the confidentiality of such information.
4. Termination
Either Party may terminate the negotiations at any time during the Negotiation Period by providing written notice to the other Party. In such a case, neither Party shall have any claim or liability against the other for termination of the negotiations.
5. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [Your State], without regard to its conflict of laws principles.
6. Entire Agreement
This Agreement contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties.
7. Execution
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. This Agreement may be executed electronically.
IN WITNESS WHEREOF, the Parties hereto have executed this Sales Negotiation Agreement as of the Effective Date.
[Your Company Name]
[Your Name and Signature]
[Your Title]
[Second Party]
[Name and Signature]
[Job Title]
