Free Business Contract Agreement Template
Business Contract Agreement
I. Introduction
This Business Contract Agreement (“Agreement”) is entered into on this 15th day of August, 2050, by and between:
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[Your Company Name], a corporation organized under the laws of the State of North Carolina, with its principal place of business at [Your Company Address], represented by [Your Name], Managing Director (hereinafter referred to as “Party A”); and
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DexTrium, a corporation organized under the laws of the State of North Carolina, with its principal place of business at Durham, NC 27701, represented by Lance Nader, Chief Executive Officer (hereinafter referred to as “Party B”).
WHEREAS, Party A and Party B wish to collaborate in the areas of strategic partnership and business development to further their mutual goals;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties agree as follows:
II. Scope of Collaboration
1. Nature of Services
Party A agrees to provide consulting and strategic business solutions to Party B, specifically in the areas of marketing strategy, operational efficiency, and business growth.
2. Deliverables
The specific services to be provided by Party A include:
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Market research and competitor analysis
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Brand development and marketing strategy implementation
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Development of growth strategies for targeted industries
3. Timeline
The services outlined in this Agreement will begin on 15th August, 2050, and will be completed no later than 15th November, 2050. The parties agree to review progress and adjust as necessary.
III. Compensation and Payment Terms
1. Compensation Amount
Party B agrees to pay Party A a total of $200,000 for the services rendered under this Agreement.
2. Payment Schedule
The payment shall be made as follows:
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$100,000 upon signing of this Agreement.
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$50,000 after the completion of the initial deliverables on 30th September, 2050.
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$50,000 upon final completion of services on 15th November, 2050.
3. Late Fees
Any overdue payment will accrue a late fee of 5% per month of the outstanding amount.
IV. Confidentiality and Non-Disclosure
1. Confidential Information
Both parties agree to maintain the confidentiality of any proprietary or confidential information disclosed during the term of this Agreement.
2. Exceptions
Confidentiality obligations do not apply to information that:
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Is already in the public domain.
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Is lawfully obtained from a third party.
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Is required to be disclosed by law or regulation.
3. Non-Disclosure
Neither party will disclose the terms or existence of this Agreement to any third party without the prior written consent of the other party.
V. Term and Termination
1. Term
This Agreement shall commence on 15th August, 2050, and will continue until the completion of all services on 15th November, 2050, unless terminated earlier by either party.
2. Termination for Cause
Either party may terminate this Agreement for cause with 30 days’ notice in writing to the other party, in the event of a material breach of the terms herein.
3. Effect of Termination
In the event of termination, Party B agrees to pay Party A for any work completed up until the date of termination.
VI. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina, and any disputes arising from this Agreement shall be resolved in the courts located in Durham, NC.
VII. Miscellaneous
1. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements or understandings, whether written or oral, between the parties.
2. Amendment
No amendment or modification of this Agreement shall be valid unless made in writing and signed by both parties.
3. Severability
If any provision of this Agreement is deemed invalid or unenforceable, the remaining provisions will continue in full force and effect.
4. Notices
All notices or communications under this Agreement shall be sent to the following addresses:
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Party A: [Your Name] at [Your Email]
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Party B: Lance Nader at lance@you.mail
VIII. Signatures
IN WITNESS WHEREOF, the parties have executed this Business Contract Agreement as of the date first written above.
[Your Company Name]
[Your Name], Managing Director
Date: 15th August, 2050
DexTrium
Lance Nader, Chief Executive Officer
Date: 15th August, 2050