A simple agreement between two parties is a legally binding document that outlines the terms and conditions of a transaction between two parties. Whether you are conducting a business deal or entering into a personal agreement, it is essential to have a written agreement that protects both parties` interests.
Writing a simple agreement between two parties may seem daunting, especially if you are not familiar with legal jargon or technical terms. However, with a little bit of guidance, you can create a solid agreement that meets your needs. Here is a sample simple agreement between two parties that you can use as a template:
Agreement between [Party A] and [Party B]
This Agreement (« Agreement ») is made and entered into on [date] by [Party A] (« Party A ») and [Party B] (« Party B »).
1. Purpose
Party A and Party B agree to [purpose of the agreement].
2. Obligations of Party A
Party A shall [list of Party A`s obligations].
3. Obligations of Party B
Party B shall [list of Party B`s obligations].
4. Payment
Party A shall pay Party B [amount] for [description of payment].
5. Governing Law
This Agreement shall be governed and interpreted in accordance with the laws of [state/country].
6. Entire Agreement
This Agreement constitutes the entire agreement between Party A and Party B and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.
7. Amendments
This Agreement may not be amended or modified except in writing signed by both Party A and Party B.
8. Termination
Either Party A or Party B may terminate this Agreement at any time, upon [notice period] written notice to the other party.
9. Liability
Neither Party A nor Party B shall be liable for any indirect, incidental, or consequential damages arising from or in connection with this Agreement.
10. Assignment
Neither Party A nor Party B may assign this Agreement without the prior written consent of the other party.
11. Counterparts
This Agreement may be executed in counterparts, and the counterparts together shall constitute one and the same instrument.
In Witness Whereof, the parties have executed this Agreement as of the date first above written.
[Party A]
[Party B]
As you can see, a simple agreement between two parties does not have to be lengthy or complicated. The most important thing is to ensure that it covers all the essential details of the transaction and protects both parties` interests. By using this sample agreement as a guide, you can create a clear and concise agreement that meets your needs.