Nursing Home Business Agreement
This Nursing Home Business Agreement (the "Agreement") is made and entered into as of [Day/Month/Year] (the "Effective Date"), by and between [Your Company Name], a corporation duly organized and existing under the laws of [State/Country], with its principal place of business located at [Your Company Address] ("Provider"), and [Client's Name], a corporation duly organized and existing under the laws of [State/Country], with its principal place of business located at [Client Address] ("Client").
Recitals
WHEREAS, Provider is engaged in the business of operating nursing home facilities and providing care and services to residents; and
WHEREAS, Client desires to engage Provider to operate and manage a nursing home facility on behalf of Client, and Provider is willing to undertake such operation and management subject to the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:
1. Scope of Services
1.1 Management and Operation: Provider shall manage and operate the nursing home facility located at [Facility Address] (the "Facility") in accordance with the highest standards of the nursing home industry, all applicable laws, and the specific terms of this Agreement.
1.2 Services: Provider shall provide comprehensive nursing home services including, but not limited to, resident care, dietary services, housekeeping, maintenance, and administration.
1.3 Staffing: Provider shall be responsible for the employment, direction, and supervision of all personnel necessary for the operation of the Facility.
2. Term and Termination
2.1 Term: This Agreement shall commence on the Effective Date and shall continue in effect for a period of [Number] years, unless terminated earlier as provided herein.
2.2 Termination for Cause: Either party may terminate this Agreement upon written notice if the other party materially breaches any of its representations, warranties, or obligations under this Agreement, and such breach is not cured within [Number] days after written notice thereof.
2.3 Termination Without Cause: Either party may terminate this Agreement without cause upon [Number] days’ written notice to the other party.
3. Compensation
3.1 Fees: Client shall pay Provider a management fee of $[Amount] per month for the services rendered under this Agreement. The management fee shall be payable on the first day of each month during the term of this Agreement.
3.2 Expenses: Client shall reimburse Provider for all reasonable and approved out-of-pocket expenses incurred by Provider in the performance of services under this Agreement.
4. Confidentiality
4.1 Each party agrees to maintain the confidentiality of all proprietary information, business records, and data pertaining to the operation of the Facility, and to not disclose such information except as may be required by law or as necessary to perform its obligations under this Agreement.
5. Compliance with Laws
5.1 Provider agrees to operate the Facility in compliance with all applicable federal, state, and local laws, regulations, and ordinances, including but not limited to those relating to the licensure and certification of the Facility.
6. Indemnification
6.1 Mutual Indemnification: Each party shall indemnify, defend, and hold harmless the other party and its officers, directors, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, and expenses, including reasonable attorneys’ fees, arising out of or in connection with the indemnifying party’s breach of this Agreement or negligence or willful misconduct.
7. Insurance
7.1 Provider shall maintain at its own expense, throughout the term of this Agreement, comprehensive general liability insurance, professional liability insurance, and any other insurance required by law, with coverage amounts satisfactory to Client.
8. Miscellaneous Provisions
8.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [State/Country], without regard to its conflict of laws principles.
8.2 Dispute Resolution: Any disputes arising out of or related to this Agreement shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.
8.3 Entire Agreement: This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, of the parties.
8.4 Amendments: No amendment, modification, or supplement of any provision of this Agreement shall be valid or effective unless made in writing and signed by both parties.
8.5 Notices: Any notice required to be given under this Agreement shall be in writing and delivered personally to the other designated party at the above-stated address or mailed by certified, registered, express, or overnight mail with proof of delivery.
8.6 Severability: If any term or provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal, or otherwise unenforceable, such finding shall not affect the other terms or provisions of this Agreement, which shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.
Client:
[Client's Full Name]
Provider:
[Your Company Name]
Date:
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