# Expectancy Agreement
**This Expectancy Agreement ("Agreement") is made effective as of [Date] by and between:**
**[Party A Name]**
[Party A Address]
[City, State, Zip Code]
("Party A")
**and**
**[Party B Name]**
[Party B Address]
[City, State, Zip Code]
("Party B")
**Collectively referred to as the "Parties."**
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## 1. **Purpose**
The purpose of this Agreement is to outline the terms under which Party A and Party B agree to collaborate on [description of the project or undertaking] and to establish mutual expectations regarding the benefits and responsibilities of both Parties.
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## 2. **Expectancies**
### 2.1 **Party A's Expectations:**
- Party A expects to receive: [Specify what Party A expects to achieve or obtain, e.g., financial compensation, discussions rights, share of profits, etc.]
### 2.2 **Party B's Expectations:**
- Party B expects to receive: [Specify what Party B expects to achieve or obtain, e.g., payment for services, share of ownership, access to resources, etc.]
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## 3. **Duties and Responsibilities**
### 3.1 **Obligations of Party A:**
- [List specific duties and responsibilities of Party A that correspond with the expectancies outlined above.]
### 3.2 **Obligations of Party B:**
- [List specific duties and responsibilities of Party B that correspond with the expectancies outlined above.]
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## 4. **Term**
This Agreement shall commence on the effective date and continue until [specify duration or until terminated in accordance with the terms herein].
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## 5. **Termination**
Either party may terminate this Agreement with [state number] days written notice to the other party if:
- [List conditions under which the Agreement may be terminated.]
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## 6. **Confidentiality**
Both Parties agree to maintain the confidentiality of any confidential information shared during the duration of this Agreement. This includes, but is not limited to, proprietary information, trade secrets, and any terms within this Agreement.
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## 7. **Dispute Resolution**
In the event of a dispute arising from this Agreement, the Parties agree to first attempt resolution through informal negotiation. Should such negotiations fail, the dispute will be resolved through mediation, and if necessary, binding arbitration in accordance with the rules of the [specified arbitration organization].
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## 8. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State Name].
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## 9. **Amendments**
This Agreement may only be amended in writing and signed by both Parties.
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## 10. **Entire Agreement**
This Agreement constitutes the entire agreement between the Parties and supersedes any prior understanding or agreements.
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**IN WITNESS WHEREOF, the Parties hereto have executed this Expectancy Agreement as of the date first above written.**
**Party A:**
Signature: _________________________
Name: [Printed Name]
Date: _________________________
**Party B:**
Signature: _________________________
Name: [Printed Name]
Date: _________________________
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*This document is a template and should be customized to meet the specific needs of the Parties involved. It may also be advisable to seek legal counsel prior to finalizing any agreements.*