Free Professional Agreement for Payment Between Two Parties Template
Professional Agreement for Payment Between Two Parties
This Professional Agreement for Payment ("Agreement") is entered into by and between [YOUR COMPANY NAME], located at [YOUR COMPANY ADDRESS] ("Party One"), and SurePlus, located at Orlando, FL 32801 ("Party Two") (collectively referred to as "the Parties"). This Agreement is effective as of January 15, 2057.
1. AGREEMENT PURPOSE
The purpose of this Agreement is to outline the terms and conditions under which Party One will provide services to Party Two, and Party Two agrees to compensate Party One for those services.
2. SERVICES TO BE PROVIDED
Party One agrees to provide the following services to Party Two:
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Strategic business consultation for operational improvements, including process analysis and recommendations.
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Market research and analysis to identify new opportunities and trends for business expansion.
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Staff training seminars on leadership and team development.
3. PAYMENT TERMS
3.1 Amount Due
Party Two agrees to pay Party One the total amount of $45,000, which is broken down as follows:
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Strategic consultation services: $15,000
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Market research and analysis: $12,000
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Staff training seminars: $18,000
3.2 Payment Schedule
The payment shall be made according to the following schedule:
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$15,000 due on February 1, 2057 (Initial deposit)
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$15,000 due on March 15, 2057 (After completion of market research phase)
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Final payment of $15,000 due on April 30, 2057 (Upon completion of staff training seminars)
Payments shall be made via wire transfer to the following account:
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Bank Name: Spring Bank
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Account Name: [YOUR COMPANY NAME]
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Account Number: 987654321
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Routing Number: 123456789
If payments are not made within the agreed timeframes, a late fee of $200 per day may apply for each day the payment is delayed.
4. OBLIGATIONS OF THE PARTIES
4.1 Party One Responsibilities
Party One agrees to perform the services outlined in this Agreement with professionalism and in accordance with industry standards. Party One will complete the services in a timely manner, unless delayed by unforeseen circumstances.
4.2 Party Two Responsibilities
Party Two agrees to provide all necessary resources, information, and cooperation to facilitate Party One’s performance of the services. Party Two will also ensure that all payments are made in accordance with the agreed payment schedule.
5. TERM AND TERMINATION
This Agreement will commence on January 15, 2057 and will continue until July 15, 2057, unless terminated earlier by either party as provided below:
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Termination by Party One: Party One may terminate this Agreement if Party Two fails to meet payment obligations within 10 days of the due date.
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Termination by Party Two: Party Two may terminate this Agreement by providing 15 days written notice to Party One.
Upon termination, Party Two shall pay Party One for all services rendered up to the date of termination.
6. CONFIDENTIALITY
Both parties agree to maintain confidentiality of any proprietary information or trade secrets shared during the term of this Agreement, unless otherwise required by law.
7. DISPUTE RESOLUTION
In the event of a dispute between the Parties, both parties agree to resolve the matter through mediation. If mediation is unsuccessful, the dispute will be resolved through arbitration in Orlando, Florida under the rules of the American Arbitration Association.
8. INDEMNIFICATION
Each party agrees to indemnify and hold harmless the other party, its employees, agents, and contractors from any claims, damages, or liabilities arising out of the other party’s breach of this Agreement or negligent actions.
9. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the state of Florida, without regard to its conflict of law principles.
10. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements or understandings, whether written or oral, relating to the subject matter hereof.
11. SIGNATURES
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the last date written below.
[YOUR COMPANY NAME]:
[YOUR NAME]
Managing Director
Date: January 15, 2057
SurePlus:
Lester Nolan
Chief Operating Officer
Date: January 15, 2057
