Legal Contracts Software Generator - Legal Contract Agreement Template for Illusory Promise

# Illusory Promise Contract Agreement **This Illusory Promise Contract Agreement** (“Agreement”) is made and entered into as of the ___ day of __________, 20__, by and between: **Party A:** [Full Name] Address: [Address] Email: [Email Address] **Party B:** [Full Name] Address: [Address] Email: [Email Address] ### Recitals WHEREAS, Party A wishes to engage Party B for certain services or performances (the “Services”); and WHEREAS, the Parties acknowledge and agree that the commitments in this Agreement may not constitute binding obligations. ### 1. **Scope of Services** Party B agrees to provide the following services (the “Services”): - [Description of Services] - [Description of Services] ### 2. **Compensation** In consideration for the Services performed, Party A may (but is not obligated to) compensate Party B an amount to be mutually decided upon at a later date. ### 3. **Illusory Promise** The Parties acknowledge that the obligations stated in this Agreement may be deemed illusory. Specifically, Party A's commitment to provide compensation is contingent upon an unspecified future agreement, which may or may not occur. As such, this Agreement may not create enforceable rights or obligations for either Party. ### 4. **Term of Agreement** This Agreement shall remain in effect until either Party provides written notice of termination to the other Party. Termination does not affect any previously incurred liability. ### 5. **Governing Law** This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles. ### 6. **Entire Agreement** This Agreement constitutes the entire agreement between the Parties with respect to the subject matter herein and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written. ### 7. **Severability** If any provision of this Agreement is found to be unenforceable or invalid, such provision shall be limited or eliminated to the minimum extent necessary so that the Agreement shall remain in full force and effect. ### 8. **Amendments** This Agreement may be amended only by a written document signed by both Parties. ### IN WITNESS WHEREOF, the Parties hereto have executed this Illusory Promise Contract Agreement as of the date first above written. ___ **Party A Signature** [Full Name] Date: __________ ___ **Party B Signature** [Full Name] Date: __________ --- **Disclaimer**: This document is for informational purposes only and may not constitute legal advice. Consult with a qualified attorney to address any specific legal concerns.