# In Perpetuity Agreement
**This In Perpetuity Agreement ("Agreement") is made and entered into as of this [Date] by and between:**
**[Party A Name]**
**Address:** [Party A Address]
**Email:** [Party A Email]
**Phone:** [Party A Phone]
**AND**
**[Party B Name]**
**Address:** [Party B Address]
**Email:** [Party B Email]
**Phone:** [Party B Phone]
**Collectively referred to as “the Parties” and individually as “Party”.**
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## Recitals
WHEREAS, the Parties wish to enter into this Agreement to set forth the terms and conditions under which they will cooperate in respect to the subject matter hereafter defined, and;
WHEREAS, the Parties agree that this Agreement shall be in perpetuity unless terminated in accordance with the terms herein.
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## 1. **Subject Matter**
1.1 The subject matter of this Agreement pertains to [describe the subject matter, e.g., the sharing of intellectual property, ongoing business collaboration, etc.].
1.2 The Parties agree to collaborate in good faith to achieve the objectives outlined in this Agreement.
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## 2. **Rights and Duties of the Parties**
2.1 **Party A's Responsibilities:**
- [List out responsibilities and obligations of Party A]
2.2 **Party B's Responsibilities:**
- [List out responsibilities and obligations of Party B]
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## 3. **Compensation**
3.1 In consideration for the services rendered and obligations undertaken under this Agreement, [describe the compensation terms, e.g., monetary payment, revenue sharing, etc.].
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## 4. **Intellectual Property Rights**
4.1 Any intellectual property developed, created, or incorporated in the course of this Agreement shall remain the property of [specify whether it belongs to Party A, Party B, or both].
4.2 The Parties grant each other a perpetual, royalty-free, non-exclusive license to use such intellectual property as defined in Section 4.1.
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## 5. **Confidentiality**
5.1 Both Parties agree to keep confidential any proprietary or other confidential information disclosed during the term of this Agreement.
5.2 This obligation of confidentiality shall survive the termination of this Agreement.
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## 6. **Term and Termination**
6.1 This Agreement shall commence on the date first written above and shall remain in effect in perpetuity unless terminated by either Party.
6.2 Either Party may terminate this Agreement upon [insert notice period, e.g., 30 days’ written notice to the other Party].
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## 7. **Governing Law**
7.1 This Agreement shall be governed by and construed in accordance with the laws of [Insert Jurisdiction].
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## 8. **Entire Agreement**
8.1 This Agreement constitutes the entire understanding between the Parties and supersedes all prior negotiations, discussions, and agreements, whether written or oral, related to the subject matter hereof.
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## 9. **Amendments**
9.1 Any amendments or modifications to this Agreement must be made in writing and signed by both Parties.
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## 10. **Severability**
10.1 If any provision of this Agreement is found to be unenforceable or invalid, the remaining provisions shall continue in full force and effect.
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IN WITNESS WHEREOF, the Parties hereto have executed this In Perpetuity Agreement as of the date first above written.
**[Party A Name]**
Signature: ___________________________
Name: [Party A Representative Name]
Title: [Party A Representative Title]
Date: [Date]
**[Party B Name]**
Signature: ___________________________
Name: [Party B Representative Name]
Title: [Party B Representative Title]
Date: [Date]
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**Note:** This template is for informational purposes only and is not a substitute for professional legal advice. It is advisable to consult with a qualified attorney before entering into any legal agreement.