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The Joint Business Entity Agreement is used when two companies are creating a joint venture. An independent agent is assigned to hold the interests of the companies.
Document Length: 5 Pages
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Joint Business Entity Agreement
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How to write my Joint Business Entity Agreement document

JOINT BUSINESS FORMATION AGREEMENT THIS AGREEMENT is made this current day day of current month current year by and between company name Developers Agent Agent and company name Customer General Provisions A. Business Purpose. Insert the General Summary of this Joint Business Venture. B. Business Scope. Insert the General Scope of Activities covered by the Joint Venture Agreement. C. Developers desire to enter into this Joint Venture Agreement with Customer pursuant to the terms and conditions set forth in Exhibit attached hereto the Specifications Definitions Joint Venturers shall mean all parties the parties listed above who are participating in the Joint Venture Agreement and their respective assignees and agents. Business Interest shall mean the ownership in the business entity created to facilitate the ownership in the Joint Venture under this Agreement.

Sales Activity shall mean all gross sales that occur because of or arising out of Affiliates made on behalf of this Joint Venture Agreement. Affiliate shall mean any person or entity that conducts sales activity on behalf of one of the parties and is paid directly by one of the parties. Joint Profits shall mean income derived out of this Joint Venture Agreement pursuant to the terms of Exhibit that pertains to Federal or State income tax purposes as determined by the fiscal year the income was derived in. Joint Loss shall mean any loss incurred by the Joint Business Venture pursuant to the terms of Exhibit that pertains to Federal or State income tax purposes as determined by the fiscal year the income was derived in. Capital Contribution shall mean contribution by one or more of the parties in cash property or any additional capital contribution made on behalf of this Joint Venture Agreement. Bad Faith shall mean malicious motive or an action taken on the part of one or more of the parties to this Agreement. Final Net Profits shall mean the remaining cash distribution owed to the parties subject to their respective distribution allotment. Agreements

In consideration of the mutual covenants set forth in this Agreement Customer and Developers hereby agree as follows. 1. Purpose of Joint Venture Formation. The purpose of this Joint Business Formation Agreement is to form business entity to acquire and hold the business interests of both parties in common and to provide the capital and finances required for its acquisition. Pursuant to the terms and conditions set forth in this Joint Business Formation Agreement each party listed shall own portion of the new business entity as outlined in Sec. Contributions. The Joint Venturers shall appoint an agent who shall also be party to this Agreement and will hold each portion of the business interest for the benefit of each of the Joint Venturers of which the Agent is part. 2. Contributions. The Agent certifies that it has received the following contributions from each of the Joint Venturers.

Name of Party Contribution Amount company name company name Agent 3. Acquisition of Business Interest. The Agent is authorized to form the following business entity Insert business entity name and type here e. g. S Corporation Corporation LLC etc. and to hold in their name but on behalf of the Joint Venturers the business interest. Agent shall be authorized by the Joint Venturers to pay sum of Insert amount for the formation of the business entity. 4. Profits from Business Entity. The Agent shall hold and distribute any and all net profits as defined in Sec. from the Joint Venture for the term of this Agreement and as long as the Joint Venturers are the owners in common of the business interest and for the benefit of the Joint Venturers as follows. Name of Party Distribution company name company name Agent 5. Net Profit Calculations and Determination. All net profit calculations and determination of disbursements shall be subject to the following. Insert how profits shall be calculated and which expenses are legitimate in determining such.

Agent shall pay net profits unless specified otherwise as cash distributions subject to the distribution percentage allocated in Sec. 4. 6. Liability of Parties. Developer shall have no ability to specifically act for or to bind Customer individually to legal obligation debt or third party agreement. Customer shall have no ability to specifically act for or to bind Developers individually to legal obligation debt or third party agreement. Agent shall be liable for any and all actions taken by Agent that are considered to be taken in bad faith or through willful misfeasance. No person business or entity other than the Joint Venturers shall have rights whatsoever under this Joint Business Venture Agreement. 7. Agent Compensation. Unless otherwise agreed upon in writing Agent shall receive no monetary compensation for any and all services rendered by the Agent under this Agreement. 8. Term of Agreement.

The Term of the Agreement shall commence on the date of this Agreement and shall terminate upon the following events. the distribution of any final net profits accrued under the business interest; or a mutually agreed termination of this Agreement by all parties to this Agreement. 9. Confidentiality. All parties acknowledge and agree that any Specifications and all other documents and information related to the Joint Venture and business interest the Confidential Information will constitute valuable trade secrets. All parties shall keep the Confidential Information in strict confidence and shall not at any time during or after the term of this Agreement without prior written consent of all parties disclose or otherwise make available to anyone either directly or indirectly all or any part of the Confidential Information. 10. General Provisions. 10 Entire Agreement.

This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings written or oral between the parties relating to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto. 10 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of state or province. Exclusive jurisdiction and venue shall be in the county County state or province Superior Court. 10 Binding Effect. This Agreement shall be binding upon and inure to the benefit of Joint Venturers and their respective successors and assigns. No party may assign any of their obligations under this Agreement without prior written consent by the Joint Venturers. 10 Waiver. The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect limit or waive such partys right thereafter to enforce and compel strict compliance with every term and condition of this Agreement. 10 Good Faith. Each party represents and warrants to the other that such party has acted in good faith and agrees to continue to so act in the negotiation execution delivery performance and any termination of this Agreement.

10 No Right to Assign. Customer has no right to assign sell modify or otherwise alter the insert description of what is being developed except upon the express written advance approval of Developers whose consent can be withheld for any reason. 10 Indemnification. All parties agree to indemnify and hold harmless all parties to this Agreement from any and all claims for damages direct or indirect and agrees that its sole and exclusive remedy for damages either in contract or tort is the return of the profits paid as set forth in Sec. 4. No action regardless of form arising out of any claimed breach of this Agreement or transactions under this Agreement may be brought by either party more than one year after the cause of action has occurred. 10 Attorneys Fees. In the event any party to this Agreement employs an attorney to enforce any of the terms of the Agreement the prevailing party shall be entitled to recover its actual attorneys fees and costs including expert witness fees.

All parties represent and warrant that on the date first written above they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below. EXECUTED as of the date first written above. company name By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed company name By signator authorized signature or signer. Job title of signator authorized signature or signer.

Date when the contact was signed Agent By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed Customer Initials Developers Initials Agent Initials

Writing the Breach of Contract Notification Form document (alternate or related contract document)

GIVING NOTICE OF BREACH OF AGREEMENT DEMANDING CORRECTIVE ACTION current date company name address address

city state or province zip or postal code Phone phone number Fax fax number Re. Our Agreement Dear salutation last name The purpose of this letter is to give formal notice of your breach of our Agreement Insert the title of the contract or agreement which was breached dated start date. Specifically you are in breach of paragraph Insert Paragraph Breached here of the Agreement which provides that Insert description of what was breached Please be advised that if Insert corrective action that must be done will have no choice but to refer this matter to legal counsel for appropriate action.

Thank you in advance for your immediate attention to this matter. Sincerely first name last name job title

How do you write a Exhibit A (Payment Terms) document? (alternate or related contract document)

Select an appropriate payment terms from the list of possible choices depending on the agreement being used with and delete the rest. For example if using project development contract use one of the first three milestone based payment terms. If using VAR Reseller contract or for general pricing use the payment terms pricing plan at the end of the list of plans below. EXHIBIT A PAYMENT TERMS 1. Customer agrees to pay Developers fee of Insert Total Payment Amount according to the following terms. A. 90% of the estimated price upon execution of the Agreement. 2. Customer agrees to the pay for all out of pocket expenses incurred by Developers in developing the project including but without limitation any. A. License fees B. Outsource services billed for Customer

C. Film and Developing D. Shipping E. Domain name registration F. Host costs for ISP G. Hardware and software

H. Travel 3. Customer agrees to pay for the Developers fee and all expenses as set forth above within days of invoice. All unpaid balances shall accrue interest at 2% per month. 4. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate. Extra time incurred above and beyond the original specification will be billed at an hourly rate of hourly rate and is not subject to the costs estimates and caps in 1. above. 5. Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price. EXHIBIT A PAYMENT TERMS

1. Customer agrees to pay Developers fee of Insert Total Payment Amount according to the following terms. A. 3 of the fee upon execution of the Agreement; B. 3 of the fee upon completion of Insert Key Payment Milestone C. The remaining upon completion per the specification. 2. Customer agrees to the pay for all out of pocket expenses incurred by Developers in developing the project including but without limitation any.

A. License fees B. Outsource services billed for Customer C. Film and Developing D. Shipping E. Domain name registration F. Host costs for ISP G. Hardware and software

H. Travel 3. Customer agrees to pay for the Developers fee and all expenses as set forth above within days of invoice. All unpaid balances shall accrue interest at 2% per month. 4. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate. Extra time incurred above and beyond the original specification will be billed at an hourly rate of hourly rate and is not subject to the costs estimates and caps in 1. above. 5. Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price. EXHIBIT A PAYMENT TERMS 1. Customer agrees to pay Developers an hourly fee according to the following terms. A. 10% of the estimate upon execution of the Agreement of Insert Total Payment Amount

B. Customer is billed at hourly rate per hour at the completion of each milestone. C. The customer will not be liable for more than Insert Maximum Amount Liable for in hourly work. 2. Customer agrees to the pay for all out of pocket expenses incurred by Developers in developing the project including but without limitation any. A. License fees B. Outsource services billed for Customer

C. Film and Developing D. Shipping E. Domain name registration F. Host costs for ISP G. Hardware and software H. Travel 3. Customer agrees to pay for the Developers fee and all expenses as set forth above within days of invoice. All unpaid balances shall accrue interest at 2% per month. 4. Customer agrees that any changes customer makes to the specification may adversely affect the original estimate. Extra time incurred above and beyond the original specification will be billed at an hourly rate of hourly rate and is not subject to the costs estimates and caps in 1. above.

5. Customer agrees that estimated yearly maintenance costs are only estimates and are not included in the quoted price. EXHIBIT A CREDIT CARD PAYMENT PLAN Authorization for credit card payments for development per Exhibit and B. Charges to be applied as Customer accepts each milestone. Customer accepts liability for all costs incurred including but not limited to chargebacks and reversals. Card Number

Expiration Date Name on Card Title Phone. phone number Fax. fax number Email. email address Company. company name Street. address address

City. city Country. country EXHIBIT A PAYMENT TERMS Pricing Plan. Insert your pricing plan here. Discounts. Insert any discounts available here.

Restrictions. Insert any restrictions here.

How to write my Software Joint Venture Development Agreement document (alternate or related contract document)

SOFTWARE JOINT VENTURE AGREEMENT THIS AGREEMENT is made this current day day of current month current year by and between company name Developers and company name Customer General Provisions A. Business Purpose. Insert the General Summary of this Joint Business Venture. B. Business Scope. Insert the General Scope of Activities covered by the Joint Venture Agreement. C. Developers desire to enter into this Joint Venture Agreement with Customer pursuant to the terms and conditions set forth in Exhibit attached hereto the Specifications

Definitions Joint Venturers shall mean all parties listed in the Specifications who are participating in the Joint Venture Agreement and their respective assignees and agents. Sales Activity shall mean all gross sales that occur because of or arising out of Affiliates made on behalf of this Joint Venture Agreement. Deliverables shall mean all Software or Services provided by either party as set forth in the Specifications and subject to Developers Proprietary Rights documentation or other materials required to be delivered by either party as set forth in the Specifications. Critical Deliverables shall mean Deliverables that have Milestone date as outlined in the Specifications that must be transmitted to either party on or before specific date. Affiliate shall mean any person or entity that conducts sales activity on behalf of one of the parties and is paid directly by one of the parties. Joint Profits shall mean income derived out of this Joint Venture Agreement pursuant to the terms of Exhibit that pertains to Federal or State income tax purposes as determined by the fiscal year the income was derived in. Joint Loss shall mean any loss incurred by the Joint Business Venture pursuant to the terms of Exhibit that pertains to Federal or State income tax purposes as determined by the fiscal year the income was derived in.

Capital Contribution shall mean contribution by one or more of the parties in cash property or any additional capital contribution made on behalf of this Joint Venture Agreement. Source Code shall mean the readable forms together with make and build files. Schedule shall mean the schedule for completion of the Deliverables as set forth in the Specifications. Delivery shall mean transmitted by Developers to Customers electronically and in accordance with security measures agreed upon by both parties in accordance with the Specifications. Services shall mean any training customization enhancement or other labor performed by Developers as required by the Specifications. Error shall mean malfunction or defect within the Software or Deliverable that prevents it from conforming to the Specifications. Internet shall mean any system for distributing digital or electronic information to end users via transmission broadcast or any other form of delivery whether direct or indirect known or subsequently developed. Specifications shall mean the specifications for the Product and Services as detailed and attached to this Agreement as Exhibit that includes detailed specifications and instructions for all required Deliverables features and functionality and complete production schedule for each Deliverable and Milestone. Term shall mean the period of time commencing on the Effective Date of this Agreement and continuing indefinitely until this Agreement is terminated.

Web shall mean the World Wide Web containing pages written in hypertext markup language HTML and or any similar successor technology. Web Page shall mean document that may be viewed in its entirety on the Web. Web Site shall mean collection of interrelated Web pages or documents accessible through Web page browser interface or any other similar successor technology. Developers Proprietary Material shall mean all intellectual property rights in any text images or other components and or materials owned by Developers or which Developers have the legal right to use that are delivered to Customer including but not limited to software related documentation source code scripts object code logos graphics or tag lines. Customers Proprietary Material shall mean all intellectual property rights in any text images or other components and or materials owned by Customer or which Customer has the legal right to use that are delivered to Developers including but not limited to software related documentation Customer marketing material logos graphics or tag lines. Developer Code shall mean all Developers Proprietary Material or software Source Code existing as of the date of this Agreement that is to be incorporated into the Source Code of the Product. The license terms for Developer Code will be stated in the Specifications.

Documentation shall mean all user guides reference integration installation or implementation manuals that describe in detail the operation of the Software that is normally provided by Developers as part of their deliveries to their customers. Development Activities shall mean any activities undertaken by Developers in the development of the Software and Documentation satisfying the Specifications pursuant to this Agreement. Enhancements shall mean error corrections bug fixes modifications and updates not included in the Specifications with respect to Software or related services. Milestone shall mean each development or Deliverable reached by Developers and agreed upon in writing between Developers and Customer. Acceptance shall mean completion of Deliverable that conforms to the Specifications and is mutually agreed upon in writing by both Developers and Customer. Agreements In consideration of the mutual covenants set forth in this Agreement Customer and Developers hereby agree as follows.

1. Obligations of the Joint Venturers. Developers shall be responsible for the following operations and decisions pertaining to the Joint Business Venture and shall be compensated for providing various services pursuant to Exhibit The Compensation. Insert Developer Business Venture Obligations here. Customer shall be responsible for the following operations and decisions pertaining to the Joint Business Venture and shall be compensated for providing various services pursuant to Exhibit The Compensation. Insert Customer Joint Business Venture Obligations here.

1 Rights of Joint Venturers. Developers shall have complete and exclusive control or authority over the management of the following areas of responsibility. Insert Developers Area of Control. Any action taken that binds the Joint Business Venture to legal obligation debt or third party agreement shall be managed by Developers in good faith and to the best of their ability. Developers shall have no ability to specifically act for or to bind Customer individually to legal obligation debt or third party agreement. Customer shall have complete and exclusive control or authority over the management of the following areas of responsibility. Insert Customer Area of Control.

Any action taken that binds the Joint Business Venture to legal obligation debt or third party agreement shall be managed by the Customer in good faith and to the best of its ability. Customer shall have no ability to specifically act for or to bind Developers individually to legal obligation debt or third party agreement. 2. Specifications. Developers agree to develop the Software pursuant to the Specifications set forth in Exhibit attached hereto the Specifications 3. Delivery Dates and Milestones. Developers will use reasonable diligence in the development of the Software and endeavor to deliver to Customer operational Software no later than delivery date. Customer acknowledges however that this delivery deadline and the other payment milestones listed in Exhibit are estimates and are not required delivery dates unless otherwise noted in the Specifications. Deliverables defined as Critical Deliverables shall be outlined in Exhibit and shall contain the delivery date and terms of delivery of the Critical Deliverable. Developers will retain the Source Code for the Software and provide Customer with the output formats only. The output is to be used only within the scope of the Software as outlined in Exhibit and does not include the following. replication duplication or otherwise copying the Software in any form not authorized by Developers; creating new Software based on the code its functions or other Proprietary Rights as outlined in Paragraph 4; sale or distribution of the code in any form or any relinquishment of copyright by Developers in any way. 4. Ownership Rights. Except for Customers Proprietary Material defined below contained in the Software Developers shall hold all rights title and interest in and to the Software. Specifically but without limitation Developer shall hold all rights title and interest in and to all text graphics animation audio components and digital components of the Software the Content all interfaces navigational devices menus menu structures or arrangements icons help and other operational instructions and all other components of any source or object computer code that comprises the Software; all literal and nonliteral expressions of ideas that operate cause create direct manipulate access or otherwise affect the Content; and all copyrights patents trade secrets and other intellectual or industrial property rights in the Software or any component or characteristic thereof. Customer shall not do anything that may infringe upon or in any way undermine Developers rights title and interest in the Software as described in this Paragraph 4. Notwithstanding the above Customer shall retain and Developer shall have no Proprietary Rights whatsoever in all of Customers intellectual property rights in any and all text images or other components and or materials owned by Customer or which Customer has the legal right to use that are delivered to Developers including but not limited to software related documentation Customer marketing material logos and tag lines Customers Proprietary Material Developers agree that they will not use Customers Proprietary Material for any other purpose than those expressly set forth in this Agreement. 5. Software Development.

Software Development and Services described here are provided for Linux Windows Macintosh Sun Solaris UNIX systems only unless otherwise specified. Unless otherwise agreed upon by Developers and Customer any modifications required to the Software code or other component related to its operation that are result of third party changes to resources required by the Software shall be considered ADDITIONAL and will fall outside of the Specifications. Third party modifications may include but are not limited to. patches fixes security flaws errors updates upgrades or any other changes to third party operating systems plug ins or any required resources not created by Developers. 6. Specific Enhancements. Developers and Customer acknowledge that at some time during the Term of this Agreement that enhancements to the Software that fall outside of the scope of the Specifications may be proposed by either Developer or Customer. Upon such proposal Developers shall confer in good faith with Customer concerning the feasibility of developing such enhancements and the time frame for developing testing and incorporating such enhancements. Developers and Customer shall mutually agree in writing as to whether Developers shall pursue the development of such enhancements and if so which party will fund such development. The Specifications will be amended to include such enhancements. 7. Backups and Redundancies for Development. Developers will maintain off site storage of all stages of the Source Code and other backup media related to this Agreement to ensure Software integrity and protection and will be responsible for setting up daily procedure for backing up all data. Developers agree to update all backups of code on daily basis unless otherwise agreed upon in the Specifications. Backups will be maintained for one year from the acceptance date of the project. 8. Acceptance. The terms and conditions contained in this Section will apply to the initial release of the Software as well as to subsequent release upgrades enhancements or any other version thereof. Customer shall evaluate any beta or final version of each Deliverable and shall submit an acceptance or rejection to Developers within Insert Number of Days days after Customers receipt of an agreed upon transmission of each Deliverable.

9. Testing and Quality Assurance. Developers agree to thoroughly test the Software Product including without limitation each and every release version and enhancement thereof as appropriate under the circumstances at all appropriate stages of development and shall document its testing by written test documents delivered to Customer. Developers will submit their test plans to Customer so as to ensure that Customers standards of quality are maintained and Developers agree to subsequently modify the test plans to accommodate Customers requests if Customer reasonably deems necessary. Quality Assurance or test documentation shall include detailed descriptions of the tests conducted their results and any outstanding or unresolved issues. Developers will not deploy the Product Software or any enhancement thereof unless Customer and Developers agree upon such action in writing. 10. Adherence to Schedule. If Developers fail transmission of any Critical Deliverable within the dates specified in the Schedule or fail to meet Milestone as defined in the Specifications then Breach of Agreement Breach shall be considered to have occurred. Customer may. amend the Schedule to include correction period; or suspend the Schedule until the problem is corrected at the sole expense of Developers subject to Customers reasonable satisfaction; or terminate this Agreement. Delivery of all Deliverables not defined in the Specifications as Critical Deliverables shall be considered estimates and delivery shall not be subject to Breach. Developers shall not be held responsible for any delays due to. milestones missed by Customer delays due to Customer Deliverables delays due to transmission equipment failure strikes riots disasters or other natural occurrences. 11. Support Services.

Developers will be available to respond to Customers questions about Software and Software problems. Developers will staff help desk with combination of phone and email support services from 9. am to 5. pm Monday through Friday Insert Time Zone Developers will be responsible for maintaining an ongoing log of support requests and actions taken and will track user support requests to completion. 12. Compensation. For all of Developers services under this Agreement Customer shall compensate Developers in cash pursuant to the terms of Exhibit attached hereto. In the event Customer fails to make any of the payments referenced in Exhibit by the deadline set forth in Exhibit Developers have the right but are not obligated to pursue any or all of the following remedies. terminate the Agreement; remove equipment owned by Developers whether leased to Customer by Developers or not and remove any Developer Personnel or Staff from Customer location ; or bring legal action. 12 Joint Business Venture Allocations. All profits losses or any other income derived out of the Joint Business Venture shall be allocated as follows. Insert Allocation Time Period here.

Insert Allocation percentage each party gets for each line item of the Joint Business Venture here. 13. Confidentiality. Customer and Developers acknowledge and agree that the Specifications and all other documents and information relating to the development of the Software the Confidential Information will constitute valuable trade secrets of Developers. Customer shall keep the Confidential Information in confidence and shall not at any time during or after the term of this Agreement without Developers prior written consent disclose or otherwise make available to anyone either directly or indirectly all or any part of the Confidential Information. 14. Limited Warranty and Limitation on Damages. Developers warrant that the Software will conform to the Specifications. If the Software does not conform to the Specifications Developers shall be responsible for correcting the Software without unreasonable delay at Developers sole expense and without charge to Customer to bring the Software into conformance with the Specifications. This warranty shall be the exclusive warranty available to Customer. Customer waives any other warranty express or implied. Customer acknowledges that Developers do not warrant that the Software will work on all platforms. Customer acknowledges that Developers will not be responsible for the results productivity or any other measurable metric not specified in Exhibit obtained by Customer on the Software. Customer waives any claim for damages direct or indirect and agrees that its sole and exclusive remedy for damages either in contract or tort is the return of the consideration paid to Developers as set forth in Exhibit attached hereto. Developers will monitor the reliability and stability of the Software for period of up to days to ensure that it performs in accordance with the Specifications. If modifications are required at any time Developers will confer in good faith with Customer concerning the appropriateness of any modifications and mutually agree whether or not to make such modifications; provided however that such agreement will not be deemed to relieve Developers from their obligations to ensure that the Product continues to conform to the Specifications and compensation estimates as specified in Exhibit A.

15. Independent Contractor. Developers shall be retained as independent contractors. Developers will be fully responsible for payment of their own income taxes on all compensation earned under this Agreement. Customer will not withhold or pay any income tax social security tax or any other payroll taxes on Developers behalf. Developers understand that they will not be entitled to any fringe benefits that Customer provides for its employees generally or to any statutory employment benefits including without limitation workers compensation or unemployment insurance. 16. Equipment. Customer agrees to make available to Developers for Developers use in performing the services required by this Agreement such items of hardware and software as Customer and Developers may agree are reasonably necessary for such purpose. 17. General Provisions. 17 Entire Agreement. This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings written or oral between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.

17 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of state or province. Exclusive jurisdiction and venue shall be in the county County state or province Superior Court. 17 Binding Effect. This Agreement shall be binding upon and enure to the benefit of Customer and Developers and their respective successors and assigns providing that Developers may not assign any of their obligations under this Agreement without Customers prior written consent. 17 Waiver. The waiver by either party of any Breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect limit or waive such partys right thereafter to enforce and compel strict compliance with every term and condition of this Agreement. 17 Good Faith.

Each party represents and warrants to the other that such party has acted in good faith and agrees to continue to so act in the negotiation execution delivery performance and any termination of this Agreement. 17 No Right to Assign. Customer has no right to assign sell modify or otherwise alter the Software except upon the express written advance approval of Developers whose consent can be withheld for any reason. 17 Right to Interrupt Services Labor or Removal of Software Resources. In the event Customer fails to make any of the payments set forth on Exhibit within the time prescribed in Exhibit Developers have the right to remove the Software until payment in full is received plus accrued late charges of 2% per month. 17 Indemnification.

Developers warrant that the Software will conform to the Specifications or such other Specifications as are agreed to in writing by Developers for period of days from the date of completion of the Software. If the Software does not conform to the Specifications as Customers sole remedy Developers shall be responsible for correcting the Software without unreasonable delay at Developers sole expense and without charge to Customer to bring the Software into conformance with the Specifications set forth in Exhibit B. This warranty shall be the exclusive warranty available to Customer. Customer waives any other warranty express or implied. Customer acknowledges that Developers are not responsible for the results obtained by Customer on the Software. Customer acknowledges that Developers are not responsible for fixing problems errors or omissions on the Software after Customer has tested proofed and approved the Software and either written approval has been given to Developers or the Software has been mass produced or transmitted in the Public Domain in any way. Customer waives any claim for damages direct or indirect and agrees that its sole and exclusive remedy for damages either in contract or tort is the return of the consideration paid to Developers as set forth in Exhibit attached hereto. No action regardless of form arising out of any claimed Breach of this Agreement or transactions under this Agreement may be brought by either party more than one year after the cause of action has occurred. 17 No Responsibility for Theft. Developers will have no responsibility for any third party disrupting intruding or otherwise copying files or reverse engineering in part or in whole on all or any part of the Software at any time. 17. 10 Right to Make Derivative Works. Developers will have the exclusive rights in making any derivative works from any of their work practices coding programming or other work on the Software that is related to their pre existing Developer Code as outlined in the Specifications. 17. 11 Attorneys Fees. In the event any party to this Agreement employs an attorney to enforce any of the Terms of the Agreement the prevailing party shall be entitled to recover its actual attorneys fees and costs including expert witness fees. 17. 12 Identification of Developers. Customer agrees that Developers identification may be annotated within the code as the authors. Customer also agrees to put Developers copyright notices on the Software and the relevant content therein.

17. 13 No Responsibility for Loss. Developers are not responsible for any down time lost files lost productivity improper use or any other loss that may occur in the operation of the Software. 17. 14 Transfer of Rights. In the event Developers are unable to continue maintenance and support of the Software non exclusive rights to the Software will be granted to Customer. This transfer shall not include the transfer of third party Software or tools used by Developers in the creation or maintenance of the Software or any part thereof. All parties represent and warrant that on the date first written above they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below. EXECUTED as of the date first written above. company name By signator authorized signature or signer. Job title of signator authorized signature or signer.

Date when the contact was signed company name By signator authorized signature or signer. Job title of signator authorized signature or signer. Date when the contact was signed Customer Initials Developers Initials

A Document from Contract Pack

The editable Joint Business Entity Agreement template - complete with the actual formatting and layout is available in the retail Contract Packs.
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