This exclusive negotiation agreement template has 4 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our exclusive negotiation agreement template:
EXCLUSIVE NEGOTIATION AGREEMENT This Exclusive Negotiation Agreement (the" Agreement"), is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTNER NAME] (the "Second Partner), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Partners desire to join for the pursuit of common business goals. Partners have considered various forms of negotiations for their business activities. Partners desire to enter into a negotiation agreement as the advantageous approach for their mutual purposes. The parties hereto agree to an exclusive negotiation agreement. NOW, THEREFORE, in consideration of the mutual covenants and agreements and other good and valuable consideration. The parties intend to enter into this Agreement to provide for a period of exclusive negotiations relating to the development of the Project, pursuant to the terms and conditions set forth below. 1. NEGOTIATIONS Good Faith Negotiations. The parties agree to negotiate diligently and in good faith regarding the preparation and terms of the project to be considered for execution between the parties, in the manner set forth herein. Negotiation Period. This Agreement shall be effective upon the full execution by the parties ("Effective Date") and shall terminate on [DATE] ("Exclusive Negotiating Period") (Twelve months from the date of this Agreement). During the Exclusive Negotiating Period, the parties agree not to negotiate with any other person or entity regarding the nature of the project or any portion thereof. If upon expiration of the Exclusive Negotiating Period, the parties have not completed the negotiations, this Agreement shall automatically terminate. Obligations. Parties' obligations during negotiation period are listed as follows: [LIST OBLIGATIONS] 2. TERMINATION This Agreement shall terminate upon the earliest to occur of the following: Upon any of the party's failure to meet their objectives Parties are unable to negotiate a mutually acceptable grounds, which is left to each Party's sole discretion; or At any time, upon written notice to the other Party by the Party electing to terminate, upon the terminating Party's good faith determination that further negotiations would be unproductive. DISCLOSURES AND COOPERATION 3.1 The parties shall generally cooperate with each other and supply such documents and information as may be reasonably requested by the other to facilitate the conduct of the negotiations. 3.2 Parties further acknowledges and agrees that nothing in this Agreement or in satisfying its obligations under this Agreement shall be deemed a promise, representation or guaranty that the Parties will reach any future agreement. 3.3 The parties shall provide disclosure with respect to any recent or current lawsuits that may relate or impact this Agreement. ATTORNEY FEES 4.1 In the event that either party brings any legal action to interpret or enforce any provision of this Agreement, the prevailing party in that action shall be entitled to receive, in addition to all other relief available to it, its costs of litigation and reasonable attorney's fees, including costs and fees incurred on appeal and in enforcing any judgment which may be rendered on the underlying action. GOVERNING LAW; JURISDICTION AND VENUE 5.1 This Agreement shall be interpreted and enforced in accordance with the provisions of [STATE/PROVINCE] in effect at the time it is executed, without regard to conflicts of law provisions. NO THIRD-PARTY BENEFICIARIES 6.1 The parties expressly acknowledge and agree that they do not intend, by their execution of this Agreement, to benefit any persons or entities not signatory to this Agreement, including, without limitation, any brokers representing the parties to this transaction. No person or entity not a signatory to this Agreement shall have any rights or causes of action against any of the party. EXPENSES 7
