# Adequate Remedy Agreement
**This Agreement** is made as of the ___ day of __________, 20__, by and between:
### Party A:
**Name:** [Party A Name]
**Address:** [Party A Address]
**Contact Number:** [Party A Phone Number]
**Email:** [Party A Email]
### Party B:
**Name:** [Party B Name]
**Address:** [Party B Address]
**Contact Number:** [Party B Phone Number]
**Email:** [Party B Email]
## Recitals
WHEREAS, Party A and Party B (collectively referred to as the "Parties") desire to set forth the terms and conditions under which adequate remedies will be provided in case of breach of this Agreement.
WHEREAS, the Parties acknowledge that a breach of this Agreement may result in irreparable harm, and therefore, it is essential to outline the remedial measures.
## Agreement
### 1. Definitions
1.1 "Adequate Remedy" shall refer to the actions, damages, or compensation provided to the aggrieved Party, as detailed in Section 3 of this Agreement, in the event of a breach.
1.2 "Breach" means any failure by either Party to perform their obligations as outlined in this Agreement.
### 2. Obligations of the Parties
2.1 Party A agrees to:
- [Describe specific obligations]
2.2 Party B agrees to:
- [Describe specific obligations]
### 3. Adequate Remedies
3.1 In the event of a Breach by either Party, the aggrieved Party shall be entitled to the following Adequate Remedy:
- [Specify remedies, e.g., monetary damages, specific performance, injunctive relief, etc.]
3.2 Should the Breach result in financial losses, the breaching Party shall be liable to pay the aggrieved Party the sum of [specify amount or method of calculation].
3.3 The Parties agree that traditional legal remedies may not provide sufficient relief, and thus this Agreement shall govern the resolution of any disputes.
### 4. Governing Law
4.1 This Agreement shall be governed by and construed in accordance with the laws of the State of [Specify State].
### 5. Dispute Resolution
5.1 In the event of any dispute arising out of or related to this Agreement, the Parties agree to first attempt to resolve the matter informally.
5.2 If the dispute cannot be resolved informally, the Parties agree to submit to mediation in [Specify Location] before pursuing any legal remedies.
### 6. Miscellaneous
6.1 This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether oral or written.
6.2 This Agreement may be amended only by a written instrument executed by both Parties.
6.3 If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
### IN WITNESS WHEREOF, the Parties hereto have executed this Adequate Remedy Agreement as of the date first above written.
___
**Party A Signature**
______________________________
**Name:** [Party A Name]
**Title:** [If applicable]
**Date:** _____________________
___
**Party B Signature**
______________________________
**Name:** [Party B Name]
**Title:** [If applicable]
**Date:** _____________________
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**NOTE:** It is highly advisable for both parties to consult with legal counsel to ensure this Agreement meets all necessary legal standards and adequately protects their interests.