(Individually a "Party" and collectively the "Parties")
concerning the cooperation on DESCRIBE PURPOSE.
1. Background and purpose
1.1 A is DESCRIBE A'S COMPANY.
1.2 B is DESCRIBE B'S COMPANY.
1.3 The Parties have therefore agreed that DESCRIBE COOPERATION.
1.4 This is a voluntary collaboration between the Parties as individual companies and not a joint company, joint venture or other legal entity, and each Party shall continue to bear responsibility for each Party's own business and may not legally commit or bind the other Party without further agreement.
1.5 The Parties have therefore concluded the following Cooperation Agreement (the "Agreement").
2. Duties
2.1 The Parties must each be loyal to the other Party and seek a healthy cooperation.
2.2 A must: DESCRIBE OBLIGATIONS
2.3 B must: DESCRIBE OBLIGATIONS
3. Payment
3.1 In respect of the cooperation, the Parties have agreed that DESCRIBE ANY PAYMENT STRUCTURE.
3.2 Payments to be made E.G. EVERY MONTH ACCORDING TO INVOICE
3.3 All prices above are exclusive of VAT.
4. Term and Termination
4.1 The Agreement is concluded for an unlimited period, but the Parties may terminate the Agreement with X months' notice to the end of a month.
4.2 If one of the Parties is in material breach of this Agreement, the Agreement may be terminated immediately by the non-breaching Party.
5. Liability
5.1 Each Party shall be liable for any damage they may make or liability they might incur.
6. Insurance
6.1 The Parties are required to have taken out professional indemnity insurance with a recognized insurance firm.
6.2 A Party may demand to see documentation to that effect by the other Party.
7. Confidentiality
7.1 Commercial information which the Parties may obtain or possess concerning the other Party, shall be considered confidential and shall not be disclosed to third parties without the relevant Party's prior written consent. Breach of this clause triggers a penalty of XX €,£,$ per breach. Payment of penalty does not make the breach legal.
7.2 The above prohibitions shall not apply to information, i) which is publicly available, ii) as a Part comes into possession of good faith from a third party, iii) as a Party is required to disclose under the law.
8. Other provisions
8.1 The Parties act as independent entities and are not entitled to conclude agreements on the other Party's behalf, or otherwise to bind the other Party.
8.2 The Parties are not entitled to transfer rights or obligations under this Agreement to others.
8.3 Changes or additions to this Agreement requires consensus among the Parties, and changes or addition attached this Agreement as a supplement, and this supplement is signed by both Parties.
8.4 Each Party will bear its own costs in connection with the conclusion of this Agreement.
8.5 The Agreement is subject to the law of COUNTRY.
8.6 Any dispute arising out of or in connection with this Agreement shall be settled by the court of CITY.
Signatures
