# Intended Beneficiary Agreement
**Date:** [Insert Date]
**Parties:**
1. **[Party A Name]**
Address: [Party A Address]
Email: [Party A Email]
Phone: [Party A Phone Number]
2. **[Party B Name]**
Address: [Party B Address]
Email: [Party B Email]
Phone: [Party B Phone Number]
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## Recitals
WHEREAS, Party A intends to provide certain benefits and/or services as outlined in this Agreement.
WHEREAS, Party B desires to designate an intended beneficiary to receive the benefits from Party A as specified in this Agreement.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
## 1. Definition of Terms
1.1 **Intended Beneficiary**: The individual or entity designated to receive benefits pursuant to this Agreement.
1.2 **Benefits**: The services, rights, or advantages to be provided by Party A to the Intended Beneficiary as outlined herein.
## 2. Designation of Intended Beneficiary
2.1 Party B hereby designates **[Intended Beneficiary Name]**, located at **[Intended Beneficiary Address]**, as the Intended Beneficiary under this Agreement.
## 3. Benefits Provided
3.1 Party A agrees to provide the following benefits to the Intended Beneficiary:
- [Detail the benefits/service items]
- [Detail any limitations or conditions]
3.2 The effective date of the benefits shall commence on **[Effective Date]**.
## 4. Duration
4.1 This Agreement shall remain in effect until **[Expiration Date]** or until terminated by either party as provided herein.
## 5. Termination
5.1 This Agreement may be terminated by either party upon providing **[number]** days written notice to the other party.
5.2 Upon termination, any benefits that have not been provided up to the date of termination shall cease, but any benefits that have already been provided shall not be returned.
## 6. Indemnification
6.1 Party A agrees to indemnify and hold harmless Party B and the Intended Beneficiary from any claims, losses, or damages arising from or related to the benefits provided under this Agreement, except in cases of gross negligence or willful misconduct.
## 7. Governing Law
7.1 This Agreement shall be governed by and construed in accordance with the laws of the State of **[State Name]**.
## 8. Miscellaneous
8.1 This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes all prior agreements, understandings, and negotiations, whether written or oral.
8.2 Any amendments to this Agreement must be in writing and signed by both parties.
8.3 If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
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**IN WITNESS WHEREOF**, the parties hereto have executed this Intended Beneficiary Agreement as of the date first above written.
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**Party A:**
Signature: ________________________
Name: [Party A Name]
Title: [Party A Title]
**Party B:**
Signature: ________________________
Name: [Party B Name]
Title: [Party B Title]
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**Intended Beneficiary:**
Signature: ________________________
Name: [Intended Beneficiary Name]
Title: [If Applicable]
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**Witness:**
Signature: ________________________
Name: [Witness Name]
Date: [Witness Date]
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> **Note:** This document serves as a basic template for an Intended Beneficiary Agreement. It is advisable to consult with a legal professional to ensure compliance with applicable laws and appropriateness for specific circumstances.