# Futures Contract Agreement
**This Futures Contract Agreement** (hereinafter referred to as the "Agreement") is made and entered into on this ___ day of __________, 20__, by and between:
**Party A**:
Name: ______________________________
Address: ____________________________
City/State/Zip: ______________________
Email: ______________________________
Phone: ______________________________
**AND**
**Party B**:
Name: ______________________________
Address: ____________________________
City/State/Zip: ______________________
Email: ______________________________
Phone: ______________________________
**WHEREAS**, the parties wish to enter into a futures contract to buy or sell a specified quantity of an underlying asset at a future date, at an agreed-upon price.
**NOW, THEREFORE**, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:
## 1. Definitions
1.1 **Underlying Asset**: _The asset that will be bought or sold under this contract._
1.2 **Contract Price**: _The price at which the underlying asset will be bought or sold._
1.3 **Delivery Date**: _The date on which the underlying asset will be delivered._
## 2. Agreement to Buy/Sell
2.1 **Party A hereby agrees to buy** and **Party B hereby agrees to sell** the following underlying asset:
- **Underlying Asset**: ______________________________
- **Contract Price**: $______________
- **Quantity**: ______________________________
- **Delivery Date**: ___/___/_____
## 3. Payment Terms
3.1 Party A shall pay the Contract Price to Party B on or before the Delivery Date.
3.2 Payment shall be made via the following method:
- [ ] Bank Transfer
- [ ] Certified Check
- [ ] Other: ______________________________
## 4. Delivery Terms
4.1 The underlying asset will be delivered by Party B to Party A on or before the Delivery Date at the following location:
- **Delivery Location**: ______________________________
4.2 The delivery will occur during regular business hours, unless otherwise agreed upon by both parties.
## 5. Representations and Warranties
5.1 Each party represents and warrants that they have the authority to enter into this Agreement and to fulfill their obligations hereunder.
5.2 Party B represents that they have clear title to the underlying asset and the right to sell it.
## 6. Risk of Loss
6.1 Risk of loss for the underlying asset shall pass to Party A upon delivery to the designated location.
## 7. Default
7.1 In the event that either party fails to perform their obligations under this Agreement, the non-defaulting party shall have the right to seek remedies available under law, including, but not limited to, damages and specific performance.
## 8. Governing Law
8.1 This Agreement shall be governed by and construed in accordance with the laws of the State of __________.
## 9. Entire Agreement
9.1 This Agreement contains the entire agreement between the parties regarding the subject matter hereof and supersedes all prior agreements, written or oral.
## 10. Amendments
10.1 Any amendments to this Agreement must be in writing and signed by both parties.
## 11. Signatures
**IN WITNESS WHEREOF**, the parties hereto have executed this Futures Contract Agreement as of the date first above written.
**Party A**:
Signature: ______________________________
Name: ______________________________
Date: ___/___/_____
**Party B**:
Signature: ______________________________
Name: ______________________________
Date: ___/___/_____
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*This document is a template and should be customized to fit individual legal requirements and circumstances. It may be advisable to seek legal counsel when drafting or entering into any contract.*