# Moratorium Agreement
**This Moratorium Agreement ("Agreement") is made and entered into on [Date] by and between:**
**Party A:**
Name: [Full Name]
Address: [Complete Address]
Email: [Email Address]
Phone: [Phone Number]
**Party B:**
Name: [Full Name]
Address: [Complete Address]
Email: [Email Address]
Phone: [Phone Number]
**WHEREAS**, Party A and Party B entered into a contractual agreement dated [Original Contract Date] (the "Original Agreement"), concerning [brief description of the original contract; e.g., "the sale of goods", "the provision of services", etc.];
**AND WHEREAS**, the parties wish to temporarily suspend certain obligations under the Original Agreement;
**NOW, THEREFORE**, in consideration of the mutual covenants and promises herein contained, the parties agree as follows:
## 1. Moratorium Period
The parties agree to a moratorium period commencing on [Start Date] and concluding on [End Date] (the "Moratorium Period"). During the Moratorium Period, the obligations of the parties under the Original Agreement shall be suspended.
## 2. Scope of Moratorium
The following obligations under the Original Agreement shall be suspended during the Moratorium Period:
- [List specific obligations that are subject to the moratorium, e.g. payment obligations, delivery timelines, etc.]
## 3. Extension of Obligations
At the conclusion of the Moratorium Period, all suspended obligations shall resume as if the Moratorium Period had not occurred. Additionally, the parties agree to a corresponding extension of timelines as detailed below:
- [Detail any necessary extensions or adjustments to performance dates, deadlines, etc.]
## 4. No Waiver of Rights
The suspension of obligations during the Moratorium Period shall not be construed as a waiver of any party's rights or remedies under the Original Agreement or applicable law.
## 5. Amendments
Any modifications or amendments to this Agreement must be made in writing and signed by both parties.
## 6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
## 7. Entire Agreement
This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior negotiations, discussions, representations, or agreements.
## IN WITNESS WHEREOF, the parties hereto have executed this Moratorium Agreement as of the day and year first above written.
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**Party A**
Signature: ________________________
Name: [Printed Name]
Date: [Date]
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**Party B**
Signature: ________________________
Name: [Printed Name]
Date: [Date]
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**Witness**
Signature: ________________________
Name: [Printed Name]
Date: [Date]
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**Notary (if required)**
[Notary Seal]
Notary Public Signature: ________________________
Commission Expires: [Date]
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*End of Document*