Re: 100 years ago
by Dietrich » Fri 5. Apr 2024, 12:32
To be opposite: definitely!
Or in the same way:
Verbose Agreement
This agreement, herein referred to as the "Contract," is entered into on this [insert date], by and between [Party A], a legal entity duly organized and existing under the laws of [insert jurisdiction], with its principal place of business at [insert address], and [Party B], also a legal entity duly organized and existing under the laws of [insert jurisdiction], with its principal place of business at [insert address].
Recitals:
WHEREAS, both parties recognize their desire to engage in a mutually beneficial business relationship;
WHEREAS, both parties acknowledge their legal capacity to enter into this Contract;
WHEREAS, both parties have fully disclosed and understood the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Purpose:
The purpose of this Contract is to outline the terms and conditions under which the parties agree to engage in [describe the purpose of the agreement in detail, including any specific tasks, services, or obligations].
2. Term:
The term of this Contract shall commence on the effective date stated herein and shall continue until [specify termination conditions, such as completion of services, expiration of a certain period, or mutual agreement to terminate].
3. Responsibilities:
a. Responsibilities of Party A:
[Describe in detail the obligations, duties, and responsibilities of Party A under this Contract, including any deliverables, timelines, and quality standards.]
b. Responsibilities of Party B:
[Describe in detail the obligations, duties, and responsibilities of Party B under this Contract, including any deliverables, timelines, and quality standards.]
4. Compensation:
In consideration for the performance of services and other obligations under this Contract, Party A agrees to pay Party B [insert payment terms, such as a fixed fee, hourly rate, or other agreed-upon compensation structure].
5. Confidentiality:
Both parties acknowledge that during the performance of this Contract, they may have access to confidential information belonging to the other party. Therefore, both parties agree to maintain strict confidentiality regarding such information and not to disclose it to any third party without the express written consent of the disclosing party.
6. Indemnification:
Each party agrees to indemnify, defend, and hold harmless the other party, its officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses arising out of or related to any breach of this Contract or any negligent or wrongful act or omission of the indemnifying party.
7. Governing Law:
This Contract shall be governed by and construed in accordance with the laws of [insert governing jurisdiction], without regard to its conflict of laws principles.
8. Dispute Resolution:
Any dispute arising out of or relating to this Contract shall be resolved through arbitration in accordance with the rules of [insert arbitration association or organization] in [insert arbitration location], and the decision of the arbitrator(s) shall be final and binding upon the parties.
9. Entire Agreement:
This Contract constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
10. Amendments:
This Contract may only be amended or modified by a written instrument executed by both parties.
11. Severability:
If any provision of this Contract is held to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect.
12. Waiver:
The failure of either party to enforce any provision of this Contract shall not be construed as a waiver of such provision or any other provision thereof.
IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first above written.
[Signature of Party A] [Signature of Party B]
[Printed Name of Party A] [Printed Name of Party B]
[Title of Party A] [Title of Party B]
[Date]