Agreement Between Two Parties
[YOUR NAME]
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
[YOUR COMPANY NUMBER]
October 3, 2050
Cyrus Ortiz
MasterEdge
Lubbock, TX 79401
Subject: Agreement for Collaboration and Profit Sharing
Dear Cyrus Ortiz,
This Letter of Agreement (the "Agreement") is made and entered into as of October 3, 2050, by and between [YOUR COMPANY NAME]., located at [YOUR COMPANY ADDRESS] ("Party A") and MasterEdge, located at Lubbock, TX 79401 ("Party B").
1. Purpose
The purpose of this Agreement is to establish the terms and conditions under which Party A and Party B will collaborate on the development and global launch of a new AI-powered business management software platform.
2. Responsibilities of Each Party
3. Profit Sharing
The profits resulting from the collaboration will be distributed as follows:
4. Duration
This Agreement shall commence on January 1, 2051, and shall continue until December 31, 2055, unless terminated earlier by either party as provided in this Agreement.
5. Termination
Either party may terminate this Agreement upon 60 days' written notice to the other party, should either party fail to comply with the terms set forth herein.
6. Confidentiality
Both parties agree to keep confidential any proprietary information shared during the collaboration and will not disclose such information to any third parties without prior written consent.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [STATE NAME].
8. Amendments
Any amendments or modifications to this Agreement must be made in writing and signed by both parties.
9. Acceptance
By signing below, both parties agree to the terms outlined in this Letter of Agreement.
[YOUR NAME]
CEO
Date: October 3, 2050
Cyrus Ortiz
Managing Partner
Date: October 3, 2050
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