When two parties enter into a business agreement, it is essential to have a written contract outlining the terms of their partnership. A well-written contract can help prevent misunderstandings and disputes down the road. Here is a sample business contract between two parties to help guide you in creating your own.

Introduction

This contract is entered into between [Party A] and [Party B] on [date]. The purpose of this agreement is to establish terms and conditions for their business partnership.

Scope of Work

[Party A] will provide [services/products] to [Party B] in accordance with the terms of this agreement. This includes [list services/products]. All work will be completed in a timely and professional manner. Any changes to the scope of work must be agreed upon in writing by both parties.

Payment

[Party B] will pay [Party A] [amount] for the services/products provided. Payment will be made [list payment terms]. If payment is not received within [number of days] days of the due date, interest may be charged at a rate of [interest rate]%.

Intellectual Property

[Party A] retains ownership of all intellectual property created as part of this agreement. [Party B] is granted a non-exclusive, non-transferable license to use the intellectual property solely for the purpose of their business.

Confidentiality

Both parties agree to keep all information shared during the course of this partnership confidential. This includes but is not limited to trade secrets, customer information, and financial information. This clause remains in effect even after the termination of this agreement.

Termination

This agreement may be terminated by either party with [notice period] days written notice. Upon termination, any outstanding payments owed to [Party A] must be paid in full.

Governing Law

This agreement shall be governed by and construed in accordance with the laws of [state/country]. Any legal action arising from this agreement must be filed in the jurisdiction where [Party A] is located.

Signatures

Both parties agree to the terms and conditions outlined in this agreement and acknowledge that they have had the opportunity to review and understand the document.

[Party A] Signature: ____________________ Date: ____________

[Party B] Signature: ____________________ Date: ____________