# Good Faith Agreement
**This Good Faith Agreement (the "Agreement") is made and entered into as of [Date], by and between:**
**[Party A Name]**
[Party A Address]
[City, State, Zip Code]
(Hereinafter referred to as "Party A")
**AND**
**[Party B Name]**
[Party B Address]
[City, State, Zip Code]
(Hereinafter referred to as "Party B")
## Recitals
WHEREAS, Party A and Party B desire to enter into a mutually beneficial agreement; and
WHEREAS, both parties agree to act in good faith and to cooperate in the execution of the terms set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
## 1. Purpose
The purpose of this Agreement is to outline the expectations and obligations of Party A and Party B regarding [briefly describe the nature of the agreement, e.g., a collaboration, partnership, service provision, etc.].
## 2. Obligations of the Parties
### 2.1 Good Faith Cooperation
The parties agree to engage in open and honest communication and to act in good faith with respect to all dealings arising from this Agreement.
### 2.2 Performance
Both parties commit to fulfilling their respective obligations as outlined in this Agreement in a diligent and timely manner.
## 3. Confidentiality
Both parties acknowledge that, during the course of this Agreement, they may have access to confidential information. Each party agrees to keep confidential information private and not to disclose it to any third party without the prior written consent of the other party.
## 4. Duration
This Agreement shall commence on the date first written above and shall continue in full force and effect until [specify end date or conditions for termination], unless terminated earlier according to the provisions herein.
## 5. Termination
### 5.1 Notice of Termination
Either party may terminate this Agreement by providing written notice to the other party at least [number] days in advance.
### 5.2 Effect of Termination
Upon termination, both parties shall settle any outstanding obligations and shall return any confidential information received from the other party.
## 6. Dispute Resolution
In the event of any dispute, claim, or controversy arising out of or related to this Agreement, the parties shall first attempt to resolve the matter through negotiation in good faith. If resolution cannot be achieved, the parties agree to submit to mediation before pursuing any legal remedies.
## 7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 8. Amendments
No amendments or modifications to this Agreement shall be valid unless made in writing and signed by both parties.
## 9. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions, agreements, or negotiations, whether written or oral, pertaining to the subject matter hereof.
## IN WITNESS WHEREOF, the parties hereto have executed this Good Faith Agreement as of the day and year first above written.
**Party A:**
___________________________
[Typed Name of Party A]
[Title, if applicable]
[Date]
**Party B:**
___________________________
[Typed Name of Party B]
[Title, if applicable]
[Date]
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*Please ensure that all parties review this Agreement and consider obtaining legal advice before signing.*