# Just Compensation Agreement
**This Just Compensation Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**[Party A Name]**
[Party A Address]
[City, State, Zip Code]
(“Payor”)
AND
**[Party B Name]**
[Party B Address]
[City, State, Zip Code]
(“Payee”)
**RECITALS**
WHEREAS, the Payor desires to compensate the Payee fairly for services, property, or any other conduct or entity identified herein; and
WHEREAS, the Payee is willing to accept such compensation under the terms and conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants, promises, and representations set forth herein, the parties agree as follows:
## 1. Compensation
1.1 Payment Amount: The Payor agrees to pay the Payee the total sum of **[Amount in Words]** dollars ($[Amount in Numbers]) as just compensation for the following:
- Description of Services/Property: **[Describe the services or property for which compensation is being paid]**
1.2 Payment Schedule: Payments shall be made according to the following schedule:
- **[Payment Milestone/Date 1]:** $[Amount Due]
- **[Payment Milestone/Date 2]:** $[Amount Due]
- **[Final Payment Date]:** $[Final Amount Due]
## 2. Obligations of the Parties
2.1 Obligations of Payor: The Payor shall:
- Ensure payment as outlined in Section 1 of this Agreement.
- Provide any necessary documentation or information required by the Payee to fulfill their obligations.
2.2 Obligations of Payee: The Payee shall:
- Perform the services or deliver the property as described in this Agreement.
- Provide invoices or reports as requested by the Payor for tracking and verification of services rendered or property delivered.
## 3. Term and Termination
3.1 Term: This Agreement shall commence on the date first written above and shall continue until all obligations are fulfilled unless terminated earlier in accordance with the provisions outlined herein.
3.2 Termination: Either party may terminate this Agreement with written notice if:
- The other party fails to meet their obligations as outlined herein.
- There is mutual agreement in writing to terminate the Agreement.
## 4. 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 law principles.
## 5. Miscellaneous
5.1 Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions, agreements, or negotiations.
5.2 Amendments: Any amendments or modifications to this Agreement must be made in writing and signed by both parties.
5.3 Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
5.4 Waiver: No waiver of any provision of this Agreement shall be deemed or shall constitute a waiver of any other provision, nor shall any waiver constitute a continuing waiver.
**IN WITNESS WHEREOF, the parties hereto have executed this Just Compensation Agreement as of the day and year first above written.**
_________________________________
**[Party A Name] (Payor)**
Date: ____________________________
_________________________________
**[Party B Name] (Payee)**
Date: ____________________________
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*This document is intended for informational purposes only and should not be considered legal advice. It is advisable to consult a legal professional when drafting or entering into a contract.*