Free Printable Business Agreement Between Two Parties Template

Printable Business Agreement Between Two Parties

This Business Agreement (hereinafter referred to as the "Agreement") is entered into on this April 15, 2062, by and between:

[YOUR COMPANY NAME], located at [YOUR COMPANY ADDRESS], (hereinafter referred to as "Party A"), and

WinGroup, located at Seattle, WA 98101, (hereinafter referred to as "Party B").

Party A and Party B are collectively referred to as the "Parties."

1. PURPOSE OF THE AGREEMENT

The purpose of this Agreement is to establish the terms and conditions under which the Parties will collaborate on the development and implementation of an AI-powered education management platform.

2. TERMS OF THE AGREEMENT

2.1 Scope of Work

Party A agrees to provide the following services:

  • Develop, test, and deploy an AI-powered education management platform tailored to Party B’s requirements.

  • Offer training and support for Party B’s team on platform usage.

Party B agrees to provide the following services:

  • Supply all necessary data, system access, and user requirements to facilitate platform development.

  • Handle promotional and marketing activities post-deployment.

2.2 Term and Termination

This Agreement shall commence on May 1, 2062, and remain in effect until December 31, 2062, unless terminated earlier by mutual consent or under the provisions of this Agreement.

3. COMPENSATION

3.1 Payment Terms

  • Party B agrees to compensate Party A with $500,000 for the services rendered.

  • Payment will be made in three installments as follows:

    • First payment of $200,000 on May 1, 2062.

    • Second payment of $150,000 on August 1, 2062.

    • Final payment of $150,000 on December 1, 2062.

3.2 Payment Method

Payments will be made via bank transfer to the account designated by Party A.

4. OBLIGATIONS OF THE PARTIES

4.1 Party A’s Obligations

  • Ensure timely delivery of the education management platform according to specifications.

  • Maintain confidentiality of Party B's sensitive information.

4.2 Party B’s Obligations

  • Provide all required data and ensure smooth communication between both teams.

  • Timely payment of fees as agreed.

5. CONFIDENTIALITY

Both Parties agree to keep all proprietary information, trade secrets, and other confidential material exchanged during this Agreement strictly confidential. This obligation will remain in effect for two years following the termination of this Agreement.

6. DISPUTE RESOLUTION

In case of disputes arising under this Agreement, the Parties agree to resolve such disputes amicably through negotiation. If no resolution is reached, the dispute shall be referred to arbitration in Seattle, Washington.

7. INDEMNITY

Each Party agrees to indemnify and hold harmless the other Party from any claims, damages, or liabilities arising out of any breach of this Agreement or negligence on their part.

8. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of Washington.

9. ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, whether written or oral.

10. SIGNATURES

This Agreement is signed on the date first above written and is effective upon the signatures of both Parties.

Party A

Name: [YOUR NAME]
Title: CEO, [YOUR COMPANY NAME]
Date: April 15, 2062

Party B

Sigmund Corwin
COO, WinGroup
Date: April 15, 2062

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