# Implied Contract Agreement
**This Implied Contract Agreement** ("Agreement") is made and entered into as of the ___ day of __________, 20__, by and between:
**Party A: [Full Name or Company Name]**
Address: [Address of Party A]
Email: [Email of Party A]
Phone: [Phone Number of Party A]
AND
**Party B: [Full Name or Company Name]**
Address: [Address of Party B]
Email: [Email of Party B]
Phone: [Phone Number of Party B]
**WHEREAS**, the parties have engaged in a course of conduct that indicates a mutual understanding and intent to enter into this Agreement, even though no formal written contract has been executed; and
**WHEREAS**, the parties acknowledge that certain duties, rights, and responsibilities have arisen from their actions and conduct in relation to the subject matter herein.
**NOW, THEREFORE**, in consideration of the mutual covenants and conditions contained herein, the parties agree as follows:
## 1. Scope of Agreement
The parties agree to collaborate regarding [describe the subject matter or purpose of the agreement] (the "Project") as follows:
- [Detail the specific obligations of each party regarding the Project]
- [Outline any deliverables or expectations]
## 2. Compensation
Although this Agreement is implied, the parties recognize that compensation may be warranted. Therefore, Party A shall compensate Party B in the following manner:
- [Specify payment terms, amounts, or conditions for compensation]
## 3. Duration
This Agreement shall commence on the date first written above and shall continue until [specify duration], unless terminated by either party under the provisions outlined in this Agreement.
## 4. Termination
This Agreement may be terminated by either party upon providing written notice to the other party at least [specify the notice period, e.g., 30 days] in advance. The terminating party shall have no further obligations, except for compensation due for services rendered up until the date of termination.
## 5. Confidentiality
Each party agrees to maintain the confidentiality of proprietary information shared during the course of this Agreement and shall not disclose such information to any third party without prior written consent.
## 6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the [State/Country], without regard to its conflict of law principles.
## 7. Dispute Resolution
In the event of any dispute arising from this Agreement, the parties agree to attempt to resolve the dispute amicably through negotiation. If an amicable resolution cannot be reached, the parties may seek mediation or other dispute resolution procedures as agreed upon.
## 8. Entire Agreement
This Agreement constitutes the entire understanding between the parties regarding its subject matter and supersedes all prior discussions and agreements.
## 9. Amendment
This Agreement may be amended only in writing and signed by both parties.
**IN WITNESS WHEREOF**, the parties hereto have executed this Implied Contract Agreement as of the date first above written.
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**Party A: [Signature]**
Name: _______________________
Title: _______________________
Date: _______________________
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**Party B: [Signature]**
Name: _______________________
Title: _______________________
Date: _______________________
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*Note: It is advisable for both parties to seek independent legal counsel before entering into any agreement.*