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Simple Business Agreement Sample

A simple business agreement, also known as a «letter of agreement» or «memorandum of understanding,» is a written agreement between two parties that outlines the terms and conditions of their business relationship. This type of agreement is often used for small, short-term projects, but can also be used for ongoing partnerships.

When drafting a simple business agreement, it`s important to be clear and concise in your language. Use plain English and avoid technical jargon or legal terms that may be confusing. The agreement should clearly outline the parties involved, the scope of the project or partnership, and any deadlines or deliverables.

To help you get started, we`ve put together a sample simple business agreement:

[Your Company Name]

[Address]

[City, State ZIP Code]

[Phone Number]

[Email Address]

[Date]

[Client Name]

[Address]

[City, State ZIP Code]

Dear [Client Name],

This letter outlines the terms and conditions of our business relationship as agreed upon by [Your Company Name] and [Client Name]. This agreement will commence on [Start Date] and will continue until [End Date].

Scope of Work:

[Your Company Name] will provide the following services:

[List of services to be provided]

Compensation:

[Your Company Name] will be compensated as follows:

[Details of compensation, including payment terms, milestones, and payment amount]

Confidentiality:

Both parties agree to maintain the confidentiality of all information exchanged during the course of this agreement, including but not limited to proprietary information, trade secrets, and confidential business information.

Termination:

Either party may terminate this agreement at any time, with or without cause, upon written notice to the other party.

Governing Law:

This agreement shall be governed by and construed in accordance with the laws of [Governing Law], without giving effect to any choice of law or conflict of law provisions.

Entire Agreement:

This agreement constitutes the entire agreement between the parties and supersedes all prior agreements, whether written or oral.

If you agree to these terms, please sign and return a copy of this agreement.

Sincerely,

[Your Name and Title]

[Client Name and Title]

Overall, a simple business agreement can save both parties time and money by clearly defining the terms of their business relationship. By using clear and concise language, both parties can ensure that they understand their obligations and responsibilities, which will help to avoid misunderstandings and potential disputes down the line.