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STANDARDENGLISHBUSINESSCONTRACTTEMPLATE
Introduction
THECONTRACT
THISAGREEMENT(the"Agreement")ismadeandenteredintoasof[Date](the"EffectiveDate")byandbetween:
(PartyAandPartyBmaybeindividuallyreferredtoasa"Party"andcollectivelyasthe"Parties".)
WHEREAS:
*PartyAisengagedinthebusinessof[BriefdescriptionofPartyA'sbusinessactivitiesrelevanttothisAgreement];
*PartyBisengagedinthebusinessof[BriefdescriptionofPartyB'sbusinessactivitiesrelevanttothisAgreement];
1.DEFINITIONSANDINTERPRETATION
1.1Definitions:InthisAgreement,unlessthecontextotherwiserequires,thefollowingtermsshallhavethemeaningsascribedtothembelow:
*"Agreement"meansthisagreement,includingallitsSchedulesandAnnexes(ifany),asmaybeamended,modified,orsupplementedfromtimetotimeinaccordancewiththeprovisionshereof.
*"ConfidentialInformation"meansanynon-publicinformationdisclosedbyoneParty(the"DisclosingParty")totheotherParty(the"ReceivingParty")inconnectionwiththisAgreement,whetherinwriting,orally,orbyanyothermeans,whichismarkedconfidentialorwhichareasonablepersonwouldunderstandtobeconfidential.
*"Deliverables"meansthespecificgoods,products,services,orworkproductstobeprovidedbyonePartytotheotherpursuanttothisAgreement,asmoreparticularlydescribedin[ScheduleAorrelevantClause].
*"ForceMajeure"shallhavethemeaningascribedtoitinClause[X](ForceMajeure).
1.2Interpretation:InthisAgreement,unlessthecontextotherwiserequires:
*Wordsimportingthesingularshallincludethepluralandviceversa.
*Wordsimportinganygendershallincludeallgenders.
*Referencesto"Clauses"aretotheclausesofthisAgreement.
*Referencesto"Schedules"or"Annexes"aretotheschedulesorannexesattachedtothisAgreement,whichshallformanintegralparthereof.
*TheheadingsofclausesandsubclausesareinsertedforconvenienceonlyandshallnotaffecttheinterpretationofthisAgreement.
*Referencestoanystatute,ordinance,orotherlawshallbeconstruedasreferencestothesameasamended,modified,re-enacted,orreplacedfromtimetotime.
*Thewords"include","includes",or"including"shallbedeemedtobefollowedbythewords"withoutlimitation".
2.SCOPEOFWORK/SUBJECTMATTER
2.3AcceptanceCriteria:TheDeliverablesshallbedeemedacceptedbyPartyBif:(a)PartyBprovideswrittenacceptancewithin[number]daysofdelivery;or(b)PartyBusesorotherwiseexploitstheDeliverableswithoutwrittenobjectionwithin[number]daysofdelivery,whicheveroccursfirst.IfPartyBreasonablyrejectstheDeliverables,itshallnotifyPartyAinwritingofthespecificdefects,andPartyAshallhave[number]daystoremedysuchdefects.
3.CONSIDERATIONANDPAYMENT
3.1AgreedFee:Inconsiderationfortheperformanceofitsobligationshereunder,PartyBshallpayPartyAthetotalsumof[AmountinWords](equivalentto[AmountinNumbers][Currency])(the"AgreedFee"),whichshallbepayableinaccordancewiththetermsofthisClause3.
*[Percentage]%uponexecutionofthisAgreementasanadvancepayment.
3.5Taxes:AllsumspayableunderthisAgreementareexclusiveofanyapplicabletaxes,duties,levies,orchargesimposedbyanygovernmentalauthority,whichshallbetheresponsibilityof[PartyB,unlessotherwiseagreed].
4.TERMANDTERMINATION
4.2Renewal:ThisAgreementmayberenewedforsubsequenttermsuponmutualwrittenagreementofbothPartiesatleast[number]dayspriortotheexpirationofthethen-currentterm.
4.3TerminationforCause:EitherPartymayterminatethisAgreementwithimmediateeffectbygivingwrittennoticetotheotherPartyif:
4.5EffectofTermination:UponterminationofthisAgreementforanyreason:
*Clauseswhichbytheirnatureareintendedtosurvivetermination(including,withoutlimitation,Clauses[Confidentiality,IntellectualProperty,Indemnification,LimitationofLiability,GoverningLawandDisputeResolution,andanypaymentobligationsaccruedpriortotermination])shallcontinueinfullforceandeffect.
5.CONFIDENTIALITY
5.1ObligationofConfidentiality:EachReceivingPartyshallkeepstrictlyconfidentialallConfidentialInformationoftheDisclosingPartyandshallnotdisclose,reproduce,orusesuchConfidentialInformationforanypurposeotherthantoperformitsobligationsorexerciseitsrightsunderthisAgreement.
5.2Exceptions:TheobligationsofconfidentialitysetforthinClause5.1shallnotapplytoinformationthat:
*WasknowntotheReceivingPartypriortodisclosurebytheDisclosingParty,asevidencedbywrittenrecords.
*IsindependentlydevelopedbytheReceivingPartywithoutreferencetotheDisclosingParty'sConfidentialInformation.
6.INTELLECTUALPROPERTYRIGHTS
6.2DevelopedIP:[SpecifyownershipofIntellectualPropertyRightsdevelopedinthecourseofperformingthisAgreement.Forexample:
*AllIntellectualPropertyRightsinanyDeliverablesdevelopedbyPartyAspecificallyforPartyBunderthisAgreementshallvestinPartyBuponpaymentoftheAgreedFeeinfull.
7.REPRESENTATIONSANDWARRANTIES
7.1MutualRepresentations:EachPartyrepresentsandwarrantstotheotherthat:
*IthasthefullpowerandauthoritytoenterintoandperformitsobligationsunderthisAgreement.
*Theexecution,delivery,andperformanceofthisAgreementbyitdonotconflictwithanyotheragreementtowhichitisapartyoranylaworregulationapplicabletoit.
7.2AdditionalWarrantiesby[PartyA]:[PartyA]furtherrepresentsandwarrantsthat:
*IthasthenecessaryexpertiseandresourcestoperformtheservicesanddelivertheDeliverablesinaprofessionalandworkmanlikemanner.
*TheDeliverableswillconformtothespecificationssetforthin[ScheduleAorrelevantClause]andwillbefreefrommaterialdefectsindesign,materials,andworkmanshipforaperiodof[number]days/monthsfromthedateofacceptancebyPartyB.
*Tothebestofitsknowledge,theDeliverablesdonotinfringeuponanythird-partyIntellectualPropertyRights.
8.INDEMNIFICATION
*Thenegligentactsoromissions,orwillfulmisconduct,of[PartyA]oritsemployees,agents,orsubcontractorsintheperformanceofthisAgreement.
*Thenegligentactsoromissions,orwillfulmisconduct,of[PartyB]oritsemployees,agents,orsubcontractors.
9.LIMITATIONOFLIABILITY
9.1ExclusionofConsequentialDamages:NEITHERPARTYSHALLBELIABLETOTHEOTHERPARTYFORANYINDIRECT,INCIDENTAL,CONSEQUENTIAL,SPECIAL,EXEMPLARY,ORPUNITIVEDAMAGES,INCLUDINGBUTNOTLIMITEDTOLOSSOFPROFITS,LOSSOFREVENUE,LOSSOFDATA,ORLOSSOFBUSINESSOPPORTUNITIES,ARISINGOUTOFORINCONNECTIONWITHTHISAGREEMENT,WHETHERINCONTRACT,TORT(INCLUDINGNEGLIGENCE),STRICTLIABILITY,OROTHERWISE,EVENIFADVISEDOFTHEPOSSIBILITYOFSUCHDAMAGES.
9.3Exceptions:ThelimitationsandexclusionssetforthinClauses9.1and9.2shallnotapplyto:
*LiabilityarisingfromaParty'sbreachoftheconfidentialityobligationssetforthinClause5.
*LiabilityarisingfromaParty'sfraud,willfulmisconduct,orgrossnegligence.
*AnyliabilitytotheextentitarisesfromtheindemnificationobligationssetforthinClause8.
*Anyliabilitythatcannotbeexcludedorlimitedbyapplicablelaw.
10.FORCEMAJEURE
10.2EffectofForceMajeure:IfaPartyispreventedfromordelayedinperformingitsobligationsunderthisAgreementduetoaForceMajeureevent,thetimefo
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