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Legal Document - Standard
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Prepared for:
[Client Company]
Prepared By
[Sender Company]
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Legal Document - Standard

This legal document is a [Document Type (e.g contract, agreement, etc.)] that binds the [Company Name] located at [Company Address] (hereinafter referred to as "Party A") and the [Client Name] located at [Client Address], (hereinafter referred to as "Party B") by the terms and conditions as stated in this document.

Hereinafter, the Sender and Client Company shall be collectively referred to as the "Parties", and individually as the "Party"

Both the Parties are requested to carefully read all the terms and conditions of this document before its final acceptance.
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Terms and Conditions

1. Purpose

The main purpose of this [Document Type] is to;

  1. To achieve [Mention all the important purposes in bullets]
  1. [Add Purpose]

2. Term

This [Document Type] shall commence as agreed by the parties on the date of [Commencement Date] and shall continue for an effective period of [Number of years] unless terminated on any sooner date by written mutual consent among the parties or according to the provisions of this [Document Type].

3. Background

Both parties have aligned their vision and can foresee the benefits of the project. Each is determined to bring in their unique approach and expertise to accomplish the objectives outlined above. [Add More]

4. Responsibilities

Mentioned below are Party A and Party B's exclusive responsibilities:

Party A:
[Mention the Responsibilities]

Party B:
[Mention the Responsibilities]

5. Confidentiality

This [Document Type] is strictly confidential and should remain between Party A and Party B only. None of the parties reserves any rights to include or offer this [Document Type] to any non-exclusive member other than the parties mentioned above. Each party would be required to sign a Non-Disclosure Agreement (hereinafter referred to as "NDA") entered into by the Parties as on [Commencement Date]. The NDA is applicable to both the parties and shall apply in full force and effect to any and all Confidential Information. Any threat to confidential clause by either party shall result in termination of this [Document type] and legal action would be taken against the party according to laws.

4. Third-Party Rights

The right of the parties to terminate, rescind, or agree to any amendment, variation, waiver, or settlement under this [Document Type] is not subject to the consent of any person who is not a party to this [Document Type]. This [Document Type] is made for the benefit of the parties to it and is not intended to benefit or be enforceable by any other person.

5. Termination

Either party shall have the right to terminate this [Document Type], effective as on the end of the initial term or any renewal term, by providing the other party with written notice of termination at least [Number of days] prior to the end of such initial term or renewal term. Neither of the parties shall have any right to terminate this [Document Type] at any other time unless such termination is mutually agreed by both the parties mentioned above. The [Document Type] shall terminate upon termination of this [Document Type] as soon as the rules of termination are followed.   

6. Arbitration

In the event of any dispute arising in and out of this [Document Type] between the Parties, it shall be resolved by Arbitration. There shall be [Number of Arbitrators] Arbitrators which shall be appointed by [Party Name]. The venue of Arbitration shall be [Venue/Location of Arbitration] and the seat shall be [State]. The Arbitrators' decision shall be final and will be binding on both the Parties.

7. Miscellaneous

  1. Severability: In the event, any provision of this [Document Type] is deemed to be invalid or unenforceable, in whole or part, that part shall be severed from the remainder of this [Document Type] and all other provisions shall remain in full force and effect as valid and enforceable.
  1. Notice: Any notice that is required by this [Document Type] shall be in writing and shall be given to the appropriate Partner by personal delivery or certified mail, postage prepaid, or any such delivery service provided.
  1. Governing Law: This [Document Type] and any disputes or claims arising out of or in connection with its subject matter shall be governed by and construed in accordance with the laws of [Applicable Jurisdiction]. If the disputes arising out this [Document Type] is not resolved by arbitration, the parties irrevocably agree that the courts of [Applicable Jurisdiction] have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this [Document Type].
  1. Force Majeure: Neither of the Partners shall be liable for any failure in performance of any obligation under this [Document Type] due to causes beyond that Partner's reasonable control (including and not limited to any pandemic, fire, strike, act, or order of public authority and other acts of God) during the pendency of such event.
  1. Indemnification: The Parties each agree to indemnify and hold harmless the other Party, its respective affiliates, employees, and permitted successors and assigns against any losses, claims, damages, penalties, liabilities, punitive damages, expenses, reasonable legal fees of whatsoever kind or amount, which result from the negligence of or breach of this Contract by the indemnifying party, its respective affiliate or successors and any assign that occurs in connection with this Contract. This section remains in full force and effect even after the termination of the Contract.
  1. Authorization: This [Document Type] is legal and binding between the Parties as stated above. This [Document Type] may be entered into and is legal and binding in the state of [State]. Each of the Parties submits that they have the representative authority to enter into this [Document Type].
  1. Modification: No modification of this [Document Type] shall be made unless in writing, signed by both parties.
  1. Entirety: The parties acknowledge and agree that this [Document Type] represents the entire [Document Type] between the parties. In the event that the parties desire to change, add or otherwise modify any terms, they shall do so in writing and signed by both the parties.

Acceptance and Signature

IN WITNESS WHEREOF Please provide your acceptance by signing below:
Signature
Assign signer 1
Name
Assign signer 1
Date
Assign signer 1
Signature
Assign signer 2
Name
Assign signer 2
Date
Assign signer 2
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Thank You

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