Free Professional Contract Agreement Template
Professional Contract Agreement
This Professional Contract Agreement ("Agreement") is made and entered into as of January 1, 2050, by and between CorpEdge, a corporation duly organized and existing under the laws of the State of Texas, with its principal office located at Laredo, TX 78040, ("Client"), and [Your Company Name], a corporation duly organized and existing under the laws of the State of Texas, with its principal office located at [Your Company Address], ("Service Provider"). Collectively referred to as the "Parties."
I. Purpose and Scope of Agreement
This Agreement sets forth the terms and conditions under which [Your Company Name] will provide services to CorpEdge, specifically in the areas of consulting, project management, and technology solutions, as outlined below.
1.1 Scope of Services
[Your Company Name] will provide the following services to CorpEdge:
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Consulting: Providing expert advice on business operations, process improvements, and strategic planning.
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Project Management: Overseeing key initiatives and ensuring their successful completion within the allocated time and budget.
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Technology Solutions: Delivering tailored technology solutions, including system integration and software deployment.
All services will be performed in accordance with the timeline and specifications agreed upon by both Parties.
II. Payment Terms
2.1 Compensation
CorpEdge agrees to compensate [Your Company Name] for services rendered under this Agreement as follows:
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Total Fee: $100,000
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Payment Schedule: The total fee will be paid according to the following schedule:
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$40,000 due upon signing of this Agreement.
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$30,000 due upon completion of the first milestone (e.g., after initial consultation).
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$30,000 due upon final delivery of services.
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2.2 Payment Method
All payments will be made via bank transfer to the account details provided by [Your Company Name]. Payments are due within 15 days of receipt of each invoice.
2.3 Late Payment
In the event of late payment, CorpEdge agrees to pay a late fee of 5% per month on any outstanding balance.
III. Confidentiality
3.1 Definition of Confidential Information
Both Parties acknowledge that, during the term of this Agreement, confidential information may be exchanged. This includes but is not limited to trade secrets, business strategies, financial data, client lists, and proprietary technology.
3.2 Non-Disclosure Obligation
Each Party agrees not to disclose any confidential information received from the other Party without prior written consent, except as required by law. This obligation will survive the termination of this Agreement.
IV. Term and Termination
4.1 Term of Agreement
This Agreement shall commence on January 1, 2050, and shall continue in full force until December 31, 2050, unless terminated earlier in accordance with the terms of this Agreement.
4.2 Termination for Convenience
Either Party may terminate this Agreement for convenience with 30 days' written notice to the other Party.
4.3 Termination for Breach
Either Party may terminate this Agreement if the other Party materially breaches any of its obligations and fails to cure such breach within 15 days of receiving written notice.
V. Governing Law
5.1 Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of law principles.
5.2 Dispute Resolution
In the event of a dispute arising out of this Agreement, the Parties agree to attempt to resolve the matter through mediation. If mediation fails, the dispute will be resolved through binding arbitration in Laredo, Texas, in accordance with the rules of the American Arbitration Association.
VI. Limitation of Liability
6.1 Liability Limitation
Neither Party shall be liable to the other Party for any indirect, consequential, or punitive damages arising from or in connection with this Agreement. The liability of either Party for any claim arising under this Agreement shall not exceed the total compensation paid under this Agreement.
6.2 Indemnification
Each Party agrees to indemnify and hold harmless the other Party, its employees, and agents from and against any and all claims, damages, or losses arising from the performance or non-performance of their respective obligations under this Agreement, except in cases of gross negligence or willful misconduct.
VII. Miscellaneous Provisions
7.1 Entire Agreement
This Agreement represents the entire understanding between the Parties and supersedes all prior agreements, whether written or oral, relating to the subject matter hereof.
7.2 Amendments
This Agreement may only be amended or modified in writing, signed by authorized representatives of both Parties.
7.3 Severability
If any provision of this Agreement is held to be invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect.
7.4 Force Majeure
Neither Party shall be held liable for failure or delay in performance under this Agreement due to circumstances beyond their reasonable control, including but not limited to acts of God, natural disasters, strikes, or government restrictions.
VIII. Signatures
This Agreement is executed by the Parties through their duly authorized representatives:
[Your Company Name]
Name: [Your Name]
Date: January 1, 2050
CorpEdge
Name: Tom Walter
Date: January 1, 2050
For further inquiries or clarifications regarding this Agreement, please contact [Your Name] at [Your Email], or reach out to [Your Company Name] via email at [Your Company Email].
