# Privity of Contract Agreement
**This Agreement is made and entered into as of [Date], by and between:**
**[Party A’s Name]**
**Address:** [Party A’s Address]
**Contact Information:** [Party A’s Phone Number / Email]
and
**[Party B’s Name]**
**Address:** [Party B’s Address]
**Contact Information:** [Party B’s Phone Number / Email]
**Collectively referred to as the “Parties.”**
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## 1. Purpose
This Agreement outlines the terms and conditions under which the Parties shall enter into a mutual contractual relationship in accordance with the principle of privity of contract, ensuring that only the Parties to this Agreement have enforceable rights and obligations under the Agreement.
## 2. Definitions
1. **Privity of Contract:** The relationship that exists between the Parties involved in a contract, which allows them to enforce the terms of that contract against one another.
2. **Contract:** A legally binding agreement between the Parties that is enforceable in a court of law.
## 3. Terms and Conditions
### 3.1 Obligations of the Parties
- **Party A shall:**
[List Party A’s obligations under this Agreement]
- **Party B shall:**
[List Party B’s obligations under this Agreement]
### 3.2 Performance
Both Parties agree to perform their respective obligations in good faith and according to the terms specified herein.
### 3.3 Payment
- The total amount due under this Agreement is [Total Amount].
- Payments shall be made as follows: [Specify payment schedule and terms].
### 3.4 Duration
This Agreement shall commence on [Start Date] and shall continue in effect until [End Date / Completion of Obligations].
## 4. Confidentiality
The Parties agree that any confidential information shared during the duration of this Agreement shall be kept confidential and shall not be disclosed to any third party without prior written consent, unless required by law.
## 5. Termination
This Agreement may be terminated under the following conditions:
- By mutual agreement of both Parties.
- By either Party, with [number of days] days written notice to the other Party.
## 6. Governing Law
This Agreement shall be governed by, and construed in accordance with, the laws of the State of [State].
## 7. Amendments
No amendment or modification of this Agreement shall be valid unless it is in writing and signed by both Parties.
## 8. Entire Agreement
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
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**IN WITNESS WHEREOF**, the Parties hereto have executed this Privity of Contract Agreement as of the date first above written.
**Party A**
_____________________________
[Party A’s Printed Name]
[Title/Position]
**Party B**
_____________________________
[Party B’s Printed Name]
[Title/Position]
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*This document is intended for informational purposes only and should not be construed as legal advice. It is advisable to consult with a qualified legal professional before entering into any contract.*