Free Agreement Between Two Companies Format

This Agreement ("Agreement") is made and entered into as of [DATE], by and between [YOUR COMPANY NAME], a company organized and existing under the laws of [STATE/COUNTRY], with its principal office located at [YOUR COMPANY ADDRESS], ("Party A"), and [PARTY B COMPANY NAME], a company organized and existing under the laws of [STATE/COUNTRY], with its principal office located at [PARTY B ADDRESS], ("Party B"). Party A and Party B may collectively be referred to as the "Parties" or individually as a "Party."

1. PURPOSE

The purpose of this Agreement is to set forth the terms and conditions under which the Parties agree to collaborate for the purpose of [DESCRIPTION OF COLLABORATION OR PROJECT]. This Agreement outlines the responsibilities, obligations, and expectations of both Parties involved in the collaboration.

2. TERM

This Agreement shall commence on [START DATE] and shall remain in effect until [END DATE], unless terminated earlier in accordance with the terms outlined in this Agreement. The Agreement may be extended upon mutual written consent of both Parties.

3. RESPONSIBILITIES OF PARTY A

Party A agrees to:

• [SPECIFY DUTIES AND RESPONSIBILITIES OF PARTY A] (e.g., provide marketing support, distribute product, etc.)

• [SPECIFY DUTIES AND RESPONSIBILITIES OF PARTY A] (e.g., supply materials, manage certain operations, etc.)

• [SPECIFY ANY ADDITIONAL RESPONSIBILITIES].

4. RESPONSIBILITIES OF PARTY B

Party B agrees to:

• [SPECIFY DUTIES AND RESPONSIBILITIES OF PARTY B] (e.g., deliver services, manage inventory, etc.)

• [SPECIFY DUTIES AND RESPONSIBILITIES OF PARTY B] (e.g., provide training, offer customer support, etc.)

• [SPECIFY ANY ADDITIONAL RESPONSIBILITIES].

5. PAYMENT TERMS

In consideration for the services provided under this Agreement, Party A agrees to pay Party B [SPECIFY PAYMENT AMOUNT] for services rendered. Payment will be made in the following manner:

• [SPECIFY PAYMENT SCHEDULE] (e.g., 50% upfront, 50% upon completion, etc.)

• [SPECIFY PAYMENT METHOD] (e.g., bank transfer, check, etc.)

• [ANY ADDITIONAL TERMS OR CONDITIONS].

6. CONFIDENTIALITY

Both Parties agree to maintain the confidentiality of any proprietary or confidential information shared during the term of this Agreement. Confidential information includes, but is not limited to, business plans, financial data, product details, and customer information. Neither Party shall disclose such information to third parties without the prior written consent of the other Party, except as required by law.

7. INTELLECTUAL PROPERTY

Each Party acknowledges and agrees that any intellectual property developed or created during the course of this Agreement will remain the sole property of the Party who developed or created it, unless otherwise agreed in writing by both Parties. If any intellectual property is jointly created, ownership rights will be mutually agreed upon by the Parties.

8. TERMINATION

Either Party may terminate this Agreement with [NUMBER] days' written notice to the other Party if the other Party breaches any material provision of this Agreement and fails to remedy the breach within [NUMBER] days after receipt of written notice specifying the breach. Either Party may also terminate the Agreement at any time by mutual written consent.

9. INDEMNIFICATION

Each Party agrees to indemnify and hold harmless the other Party from any and all claims, damages, liabilities, and expenses, including reasonable attorney's fees, arising out of or resulting from the breach of this Agreement or any negligent or wrongful act or omission by the indemnifying Party in the performance of its obligations under this Agreement.

10. DISPUTE RESOLUTION

Any disputes or differences arising from this Agreement shall be resolved through good faith negotiation between the Parties. If the dispute cannot be resolved through negotiation, the Parties agree to submit the dispute to mediation or arbitration, as mutually agreed, in accordance with the rules of [SPECIFY MEDIATION OR ARBITRATION BODY].

11. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of [STATE/COUNTRY], without regard to its conflict of law principles.

12. ENTIRE AGREEMENT

This Agreement contains the entire understanding between the Parties with respect to the subject matter hereof. Any amendments or modifications to this Agreement must be made in writing and signed by both Parties.

13. SIGNATURES

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.

Signature: ________________
[YOUR COMPANY NAME]
By: [AUTHORIZED REPRESENTATIVE NAME]
Title: [TITLE]
Date: [DATE]

Signature: ________________
[PARTY B COMPANY NAME]
By: [AUTHORIZED REPRESENTATIVE NAME]
Title: [TITLE]
Date: [DATE]

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