Free Agreement Between Two Companies Template
Agreement Between Two Companies
Parties
This agreement ("Agreement") is made and entered into by and between [YOUR COMPANY NAME], a company incorporated under the laws of Virginia, with its principal place of business at Grundy, VA 24614("Party A"), and Light Techno, a company incorporated under the laws of Virginia, with its principal place of business at Quantico, VA 22134 ("Party B").
Terms and Conditions
The terms and conditions set forth in this Agreement shall govern the relationship between Party A and Party B. Both parties agree to the following:
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The term of this Agreement shall commence on January 1, 2055, and shall continue until January 1, 2060, unless terminated earlier as provided herein.
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Either party may terminate this Agreement with 30 days written notice to the other party.
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This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions, agreements, or understandings of any kind.
Specific Obligations
Both parties agree to the following specific obligations:
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Party A shall provide cloud-based IT infrastructure services, including data storage, network security, and server maintenance to Party B in a timely and efficient manner.
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Party B agrees to pay Party A $500,000 per year, payable in quarterly installments, for the services provided, according to the payment schedule attached to this Agreement as Exhibit A.
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Both parties agree to cooperate fully and to provide any necessary information or support required to fulfill the terms of this Agreement.
Confidentiality
Each party agrees that it shall keep confidential all information disclosed by the other party that is designated as confidential at the time of disclosure, or that should reasonably be understood to be confidential given the context of the disclosure and the nature of the information.
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This confidentiality obligation shall remain in effect for a period of 5 years from the date of disclosure.
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Confidential information shall not include information that is or becomes publicly known through no breach of this Agreement, is received from a third party without breach of any obligation of confidentiality, or is independently developed by the receiving party.
Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
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