Free Simple Two-Party Contract Agreement Template

Simple Two-Party Contract Agreement

This Two-Party Contract Agreement (the "Agreement") is made and entered into on January 15, 2059, by and between:

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

  2. Trace Durgan of ViGlobe, located at Atlanta, GA 30301 (hereinafter referred to as "Party B").

Party A and Party B are collectively referred to as the "Parties" and agree as follows:

1. PURPOSE OF THE AGREEMENT

The purpose of this Agreement is to establish the terms and conditions under which Party A will provide strategic business consulting and digital transformation services to Party B. The goal is to enhance Party B's operational efficiency, implement new technology solutions, and boost overall business growth.

2. TERM AND TERMINATION

2.1 Term

This Agreement shall commence on February 1, 2059, and shall continue for a period of 12 months, ending on January 31, 2060, unless terminated earlier in accordance with this Agreement.

2.2 Termination

Either Party may terminate this Agreement by providing 30 days written notice to the other Party. Termination shall not affect obligations accrued prior to the termination date.

2.3 Immediate Termination

This Agreement may be terminated immediately if:

  • A Party breaches a material obligation under this Agreement and fails to cure such breach within 10 days of receiving written notice.

  • Either Party becomes insolvent, files for bankruptcy, or ceases operations.

3. OBLIGATIONS OF THE PARTIES

3.1 Obligations of Party A

Party A agrees to:

  1. Deliver customized business consulting services tailored to Party B’s industry requirements.

  2. Provide a detailed action plan and timeline for implementing technological upgrades.

  3. Assign a dedicated team of consultants to ensure timely project delivery.

  4. Maintain open and transparent communication with Party B throughout the project duration.

3.2 Obligations of Party B

Party B agrees to:

  1. Provide access to relevant business data and internal resources necessary for Party A to complete its work.

  2. Ensure timely review and approval of project milestones and deliverables.

  3. Compensate Party A according to the payment terms specified in this Agreement.

  4. Designate a primary point of contact for all communications.

4. COMPENSATION AND PAYMENT TERMS

4.1 Fees

Party B shall compensate Party A a total of $120,000 USD for the services rendered under this Agreement.

4.2 Payment Schedule

  • Initial Payment: $30,000 due upon signing this Agreement.

  • Monthly Installments: $7,500 due on the first of each month, beginning March 1, 2059, and ending January 1, 2060.

4.3 Late Payments

Late payments will incur a penalty of 1.5% per month on the overdue amount, compounded monthly.

5. CONFIDENTIALITY

Both Parties agree that all information shared under this Agreement shall remain confidential. Neither Party shall disclose such information to any third party without prior written consent unless required by law. This clause shall survive termination of this Agreement for a period of five years.

6. INDEMNITY

6.1 Indemnity by Party A

Party A agrees to indemnify and hold harmless Party B from any claims or damages arising from negligence or willful misconduct in the performance of its duties under this Agreement.

6.2 Indemnity by Party B

Party B agrees to indemnify and hold harmless Party A from any claims or damages arising from inaccuracies in the information provided by Party B.

7. DISPUTE RESOLUTION

7.1 Negotiation

The Parties agree to first attempt to resolve disputes through good-faith negotiation.

7.2 Arbitration

If negotiation fails, disputes shall be settled through binding arbitration under the rules of the American Arbitration Association. The arbitration shall take place in Atlanta, Geogia, and the decision rendered shall be final and binding on both Parties.

8. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to its conflict of law principles.

9. FORCE MAJEURE

Neither Party shall be held liable for any delay or failure to perform under this Agreement due to circumstances beyond their reasonable control, including natural disasters, pandemics, or government actions.

10. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements or understandings. Amendments must be made in writing and signed by both Parties.

11. SEVERABILITY

If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

12. SIGNATURES

Party A:

[YOUR NAME], Chief Executive Officer
Date: January 15, 2059

Party B:

Trace Durgan, Managing Director
Date: January 15, 2059

This Agreement has been executed by the Parties as of the date first written above.

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