While verbal contracts are considered valid and do hold weight, it relies entirely on good faith between both parties. It is absolutely advisable that all types of agreement be put in writing, especially contracts involved in business, as verbal contracts can be very difficult to prove. Having a written contract is a security measure that could protect you should there be trouble ahead.
When drafting and signing a business agreement, there are some legal guidelines that must be followed to ensure that the contract is considered binding in the eyes of the law. Download these Sample Agreements that you could use as reference for the necessary elements a business agreement must contain.
Download Business Agreement between Two Parties Bundle
Business Agreement between Two Parties Format
This Business Agreement (the “Agreement”) is made and entered into on this [Day] of [Month], [Year], by and between:
Party A: Name: [Name] Address: [Address] Email: [Email] Phone: [Phone]
Party B: Name: [Name] Address: [Address] Email: [Email] Phone: [Phone]
RECITALS
WHEREAS, Party A is in the business of [description of business]; and
WHEREAS, Party B is in the business of [description of business]; and
WHEREAS, the parties wish to enter into an agreement for the purpose of [purpose of agreement];
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto agree as follows:
1. TERM
This Agreement shall commence on [Start Date] and shall continue in full force and effect until [End Date] unless terminated earlier in accordance with the provisions of this Agreement.
2. SCOPE OF WORK
Party A agrees to [describe the services/products Party A will provide].
Party B agrees to [describe the services/products Party B will provide].
3. COMPENSATION
The parties agree that compensation for the services provided under this Agreement shall be as follows:
- Party A shall receive [describe payment terms for Party A].
- Party B shall receive [describe payment terms for Party B].
4. CONFIDENTIALITY
Both parties agree to maintain the confidentiality of any confidential information shared between them and not to disclose such information to any third party without the prior written consent of the other party.
5. INTELLECTUAL PROPERTY
Any intellectual property developed during the course of this Agreement shall be owned by [Party A/Party B/Both parties as specified].
6. TERMINATION
This Agreement may be terminated by either party upon [number] days’ written notice to the other party. In the event of termination, both parties shall be responsible for completing any outstanding obligations up to the date of termination.
7. INDEMNIFICATION
Each party agrees to indemnify, defend, and hold harmless the other party from and against any and all claims, liabilities, damages, and expenses (including reasonable attorneys’ fees) arising out of or related to the performance of this Agreement.
8. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
9. DISPUTE RESOLUTION
Any disputes arising out of or in connection with this Agreement shall be resolved through [mediation/arbitration/litigation] in [location].
10. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and representations, whether oral or written.
11. AMENDMENTS
This Agreement may be amended only in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
Party A: Signature: _________________________ Name: [Name] Title: [Title] Date: [Date]
Party B: Signature: _________________________ Name: [Name] Title: [Title] Date: [Date]
Attachments: [List any attachments or exhibits related to the agreement]
Agreement Letter between Two Parties For Payment
John Doe 123 Main Street Anytown, NY 12345 [email protected] (555) 123-4567
June 18, 2024
Jane Smith 456 Oak Avenue Othertown, NY 67890 [email protected] (555) 987-6543
Dear Jane Smith,
RE: PAYMENT AGREEMENT
This Payment Agreement (the “Agreement”) is made and entered into on this 18th day of June, 2024, by and between:
Party A: Name: John Doe Address: 123 Main Street, Anytown, NY 12345 Email: [email protected] Phone: (555) 123-4567
Party B: Name: Jane Smith Address: 456 Oak Avenue, Othertown, NY 67890 Email: [email protected] Phone: (555) 987-6543
1. PURPOSE
The purpose of this Agreement is to outline the terms and conditions under which Party B agrees to pay Party A the amount of $5,000 for services rendered.
2. PAYMENT TERMS
Party B agrees to pay Party A as follows:
- Total Amount: $5,000
- Payment Schedule: Monthly installments of $1,000
- Due Dates: Payments are due on the 1st of each month, starting July 1, 2024, until the total amount is paid in full.
3. METHOD OF PAYMENT
Payments shall be made via bank transfer to the following account:
- Bank Name: Anytown Bank
- Account Number: 123456789
- Routing Number: 987654321
- Account Holder’s Name: John Doe
4. LATE PAYMENTS
If Party B fails to make any payment on or before the due date, Party B agrees to pay a late fee of $50 per week of delay.
5. CONFIDENTIALITY
Both parties agree to keep the terms of this Agreement confidential and not disclose any information regarding this Agreement to any third party without the prior written consent of the other party.
6. AMENDMENTS
This Agreement may be amended only in writing and signed by both parties.
7. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
8. DISPUTE RESOLUTION
Any disputes arising out of or in connection with this Agreement shall be resolved through mediation in Anytown, NY.
9. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and representations, whether oral or written.
10. SIGNATURES
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
Party A: Signature: _________________________ Name: John Doe Date: June 18, 2024
Party B: Signature: _________________________ Name: Jane Smith Date: June 18, 2024
Contract Agreement between Two Parties
This Contract Agreement (the “Agreement”) is made and entered into on this 18th day of June, 2024, by and between:
Party A: Name: John Doe Address: 123 Main Street, Anytown, NY 12345 Email: [email protected] Phone: (555) 123-4567
Party B: Name: Jane Smith Address: 456 Oak Avenue, Othertown, NY 67890 Email: [email protected] Phone: (555) 987-6543
RECITALS
WHEREAS, Party A is in the business of providing graphic design services; and
WHEREAS, Party B is in need of graphic design services for a marketing campaign; and
WHEREAS, the parties wish to enter into an agreement for the purpose of providing these services;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto agree as follows:
1. TERM
This Agreement shall commence on June 18, 2024, and shall continue in full force and effect until September 18, 2024, unless terminated earlier in accordance with the provisions of this Agreement.
2. SCOPE OF WORK
Party A agrees to provide the following services:
- Design of marketing materials including brochures, flyers, and social media graphics.
- Up to three revisions per design.
Party B agrees to provide the following:
- Detailed briefs for each design project.
- Feedback and approval for each design within three business days of submission.
3. COMPENSATION
The parties agree that compensation for the services provided under this Agreement shall be as follows:
- Party A shall receive a total of $3,000, payable in three installments of $1,000 each.
- First installment due upon signing of this Agreement.
- Second installment due on July 18, 2024.
- Final installment due on September 18, 2024.
4. CONFIDENTIALITY
Both parties agree to maintain the confidentiality of any confidential information shared between them and not to disclose such information to any third party without the prior written consent of the other party.
5. INTELLECTUAL PROPERTY
Any intellectual property developed during the course of this Agreement shall be owned by Party B upon full payment to Party A. Party A retains the right to use the designs for portfolio purposes.
6. TERMINATION
This Agreement may be terminated by either party upon 30 days’ written notice to the other party. In the event of termination, both parties shall be responsible for completing any outstanding obligations up to the date of termination. Party A will be compensated for any work completed up to the termination date on a pro-rata basis.
7. INDEMNIFICATION
Each party agrees to indemnify, defend, and hold harmless the other party from and against any and all claims, liabilities, damages, and expenses (including reasonable attorneys’ fees) arising out of or related to the performance of this Agreement.
8. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
9. DISPUTE RESOLUTION
Any disputes arising out of or in connection with this Agreement shall be resolved through mediation in Anytown, NY.
10. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and representations, whether oral or written.
11. AMENDMENTS
This Agreement may be amended only in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
Party A: Signature: _________________________ Name: John Doe Title: Graphic Designer Date: June 18, 2024
Party B: Signature: _________________________ Name: Jane Smith Title: Marketing Manager Date: June 18, 2024
Agreement Letter between Two Parties
[Your Name] 123 Main Street Anytown, NY 12345 [email protected] (555) 123-4567
June 18, 2024
[Recipient’s Name] 456 Oak Avenue Othertown, NY 67890 [email protected] (555) 987-6543
Dear [Recipient’s Name],
RE: AGREEMENT
This Agreement Letter (the “Agreement”) is made and entered into on this 18th day of June, 2024, by and between:
Party A: Name: John Doe Address: 123 Main Street, Anytown, NY 12345 Email: [email protected] Phone: (555) 123-4567
Party B: Name: Jane Smith Address: 456 Oak Avenue, Othertown, NY 67890 Email: [email protected] Phone: (555) 987-6543
1. PURPOSE
The purpose of this Agreement is to outline the terms and conditions under which Party A agrees to provide graphic design services to Party B for a marketing campaign.
2. SCOPE OF WORK
Party A agrees to provide the following services:
- Design of marketing materials including brochures, flyers, and social media graphics.
- Up to three revisions per design.
Party B agrees to provide the following:
- Detailed briefs for each design project.
- Feedback and approval for each design within three business days of submission.
3. PAYMENT TERMS
Party B agrees to pay Party A a total of $3,000 for the services described above, payable in three installments of $1,000 each:
- First installment due upon signing of this Agreement.
- Second installment due on July 18, 2024.
- Final installment due on September 18, 2024.
4. CONFIDENTIALITY
Both parties agree to maintain the confidentiality of any confidential information shared between them and not to disclose such information to any third party without the prior written consent of the other party.
5. INTELLECTUAL PROPERTY
Any intellectual property developed during the course of this Agreement shall be owned by Party B upon full payment to Party A. Party A retains the right to use the designs for portfolio purposes.
6. TERMINATION
This Agreement may be terminated by either party upon 30 days’ written notice to the other party. In the event of termination, both parties shall be responsible for completing any outstanding obligations up to the date of termination. Party A will be compensated for any work completed up to the termination date on a pro-rata basis.
7. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
8. DISPUTE RESOLUTION
Any disputes arising out of or in connection with this Agreement shall be resolved through mediation in Anytown, NY.
9. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and representations, whether oral or written.
10. AMENDMENTS
This Agreement may be amended only in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
Party A: Signature: _________________________ Name: John Doe Date: June 18, 2024
Party B: Signature: _________________________ Name: Jane Smith Date: June 18, 2024
Browse More Templates On Business Agreement between Two Parties
Sample Business Agreement between Two Parties
Business Agreement between Two Parties Template
How Do You Write a Business Agreement between Two People?
- Introduction and Parties Involved
- Clearly state the date of the agreement.
- Identify the parties involved with their full names, addresses, and contact information.
- Purpose and Scope of Work
- Define the purpose of the sample agreement and the business relationship.
- Describe in detail the services or products to be provided by each party.
- Payment Terms
- Specify the total amount of compensation.
- Outline the payment schedule, including due dates and methods of payment.
- Confidentiality and Intellectual Property
- Include clauses to protect confidential information shared between the parties.
- Address the ownership of any intellectual property created during the business relationship.
- Termination and Dispute Resolution
- Detail the conditions under which the agreement can be terminated.
- Specify the method for resolving disputes, such as mediation or arbitration, and the governing law.
Business Contract Agreement
General Business Agreement
Consultancy Business Agreement Between Two Parties
When to Draft a Business Agreement
In short, every time.
Even if the person you are entering into a business agreement is your best friend, it is still highly recommended that all agreements or business decisions be put into writing. In fact, it is best that while you both are chummy, an agreement be drafted and signed in case you reach some sort of disagreement in the future.
Check out these Sample Business Agreement Contracts to download and use as a guideline for come time when you draft your own. Draft an agreement when
borrowing or letting someone borrow money;
renting or letting someone rent properties;
supplying or purchasing goods and services; or
entering into a partnership, collaboration, or a joint venture with someone.
Validity of a Contract
There are contracts that will be deemed null and void since the beginning, thus, the breach of it will not hold the parties accountable nor liable. A contract is considered invalid and unenforceable if it
- is agreed upon through misleading or deceptive conduct;
- is entered into by someone who lacks the capacity to make a sound decision such as a minor, someone mentally incapacitated, or someone who was intoxicated during the time the contract was agreed upon;
- the provisions of the contract are criminal or against the law to begin with; and
- the provisions of the contract are clearly unfair.
Simple Business Agreement Between Two Parties
Tips For Writing a Business Agreement between Two Parties
- Clearly Identify the Parties
- Include full names, addresses, and contact details of both parties. This ensures that there is no ambiguity about who is entering into the agreement.
- Define the Purpose and Scope
- Clearly state the purpose of the agreement format and provide detailed descriptions of the services or products to be provided by each party.
- Detail Payment Terms
- Specify the total amount to be paid, the payment schedule, due dates, and acceptable payment methods. Include details on late fees or penalties if payments are missed.
- Include Confidentiality Clauses
- Protect sensitive information by including confidentiality clauses. This ensures that any proprietary information shared between parties is kept confidential.
- Outline Intellectual Property Rights
- Clarify who owns any intellectual property created during the agreement. Specify whether rights are retained by the creator or transferred to the other party.
- Set Terms for Termination
- Define the conditions under which the agreement can be terminated by either party. Include any notice periods and the obligations of each party upon termination.
- Dispute Resolution Mechanism
- Specify how disputes will be resolved, whether through mediation, arbitration, or litigation. Include the jurisdiction and governing law.
- Review and Amendments
- State that the agreement can only be amended in writing and must be signed by both parties. This ensures that any changes to the agreement are mutually agreed upon and documented.
Confidential Disclosure Business Agreement Between Two Parties
Partnership Business Agreement
Drafting a Business Agreement
- Clear and simple is always better. Contrary to what many may think, unnecessary jargon does not make a contract more enforceable than a contract that is direct and clear with its provisions. If anything, the latter is more preferable as it makes negotiations faster and easier for the parties involved.
- Identify the parties correctly. When entering into a business agreement with a company, make sure that the correct and complete legal names of those involved are in the contract. The name that appears in the company’s business permit should be written in the contract, not the names of those signing the simple agreement.
- Be explicit with the details. Be specific with what exactly is expected from the parties. If you forgot to include something, you can just handwrite it in, and if both parties sign their initials on the amendment, it is considered a part of the contract.
- Make sure to include how and when an agreement can be terminated. Make sure it is also explicit in your business agreement that should the parties decide to part ways, who is to get what. Include what should be done should a breach of the contract be terminated or how long you wish for the contract to be enforceable.
See these Sample Business Purchase Agreement for more business agreements.
Can I write up an agreement between two parties?
Yes, you can write an agreement between two parties, ensuring it clearly outlines terms, responsibilities, and signatures of both parties to be legally binding. You can see more on Purchase Agreement Contract.
How do you make a contract between two people legally?
Ensure mutual consent, clear terms, consideration (value exchanged), legal purpose, capacity of parties, and signatures. Consulting a legal professional is recommended.
What is a valid contract between two parties?
A valid contract includes mutual consent, clear terms, consideration, lawful purpose, and competent parties. It must be signed by both parties to be enforceable.
Does an agreement between two parties need to be notarized?
No, notarization is not typically required for a contract to be legally binding, but it can provide additional verification of signatures and prevent future disputes
Related Posts
FREE 10+ Advertising Agreement Samples In MS Word | Google Docs | Apple Pages | PDF
FREE 10+ Car Agreement Samples In MS Word | Google Docs | Apple Pages | PDF
FREE 10+ Horse Agreement Samples In MS Word | Apple Pages | PDF
FREE 10+ Option Agreement Samples In MS Word | Google Docs | Apple Pages | PDF
FREE 9+ Project Management Agreement Samples in DOC | PDF
FREE 20+ Distributor Agreement Samples in PDF | MS Word
FREE 10+ Teacher Student Agreement Samples in PDF | DOC
FREE 17+ Deed of Assignment Samples in PDF | MS Word
FREE 20+ Land Purchase Agreement Samples in PDF | MS Word | Google Docs | Pages
10+ Hotel Management Agreement Samples in PDF | DOC
FREE 18+ Car Rental Agreement Samples in PDF | MS Word | Google Docs | Pages
FREE 23+ Dealership Agreement Templates in PDF | MS Word | Pages
FREE 11+ Vehicle Sales Agreement Samples in PDF | MS Word | Google Docs | Pages
FREE 11+ Supply Agreement Contract Samples in MS Word | PDF
FREE 20+ Participant Agreement Samples in PDF | MS Word