# FACE AMOUNT LEGAL CONTRACT AGREEMENT
**This Face Amount Legal Contract Agreement** ("Agreement") is made effective as of the ___ day of __________, 20___, by and between:
**Party A**:
[Full Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
AND
**Party B**:
[Full Name]
[Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
**Collectively referred to as "Parties."**
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## RECITALS
WHEREAS, Party A and Party B desire to enter into an agreement regarding the face amount of a potential transaction;
WHEREAS, each party acknowledges their full understanding of the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual premises, covenants, and conditions contained herein, the parties agree as follows:
## 1. FACE AMOUNT
1.1 The total face amount of this agreement is **$[Amount]**.
1.2 The face amount refers to the initial value attributed to the transaction, as agreed upon by both parties.
## 2. PURPOSE OF AGREEMENT
2.1 This Agreement outlines the obligations and terms regarding the use and distribution of the face amount as specified.
2.2 The parties agree to cooperate fully to fulfill all terms of this Agreement.
## 3. TERMS AND CONDITIONS
3.1 Payment Method:
The face amount shall be payable in the following manner:
- [Insert Payment Method, e.g., bank transfer, check, etc.]
3.2 Payment Schedule:
- [Insert schedule of payments if applicable.]
3.3 Default:
In the event that either party fails to abide by the terms outlined, a default will occur. The non-defaulting party may pursue legal remedies as appropriate.
## 4. REPRESENTATIONS AND WARRANTIES
4.1 Each party represents and warrants that they have the authority to enter this Agreement and that it constitutes a binding obligation.
4.2 Each party further represents that entering into this Agreement will not violate any other agreement to which they are a party.
## 5. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 6. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior negotiations, understandings, or agreements between the parties.
## 7. AMENDMENT
No modification or amendment of this Agreement will be effective unless in writing and signed by both parties.
## 8. SEVERABILITY
If any provision of this Agreement is deemed invalid or unenforceable, the remaining provisions shall continue in full force and effect.
## 9. COUNTERPARTS
This Agreement may be executed in counterparts, each of which shall constitute an original document, but all of which together shall constitute one and the same instrument.
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**IN WITNESS WHEREOF**, the parties hereto have executed this Face Amount Legal Contract Agreement as of the day and year first above written.
**Party A:**
______________________________
[Full Name]
Date: _______________________
**Party B:**
______________________________
[Full Name]
Date: _______________________
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*Please consider consulting a legal professional to tailor this document to your specific needs or to ensure compliance with applicable laws.*