# Performance Agreement
**This Performance Agreement (the "Agreement") is entered into as of [Date], by and between:**
**[Party A Name]**
[Party A Address]
[City, State, Zip Code]
AND
**[Party B Name]**
[Party B Address]
[City, State, Zip Code]
**Collectively referred to as the “Parties” or individually as a “Party.”**
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## 1. **Purpose**
The purpose of this Agreement is to outline the terms and conditions under which [Party A] will perform [specific services or deliverables] for [Party B] (the "Services").
## 2. **Scope of Work**
The scope of work under this Agreement includes, but is not limited to:
- **Description of Services:** [Detailed description of services to be provided]
- **Deliverables:** [List of specific deliverables]
- **Timeline:** [Timeline for service delivery]
## 3. **Compensation**
In consideration for the performance of the Services, [Party B] agrees to pay [Party A] as follows:
- **Total Compensation:** [Total amount to be paid]
- **Payment Schedule:** [Details on when payments will be made]
- **Additional Expenses:** [Specify any additional expenses that will be reimbursed]
## 4. **Performance Standards**
[Party A] agrees to perform the Services in accordance with the following performance standards:
- **Quality of Work:** All work must meet industry standards and reflect quality expectations as discussed between the Parties.
- **Timeliness:** All deliverables shall be completed in accordance with the agreed timeline unless otherwise modified in writing by the Parties.
## 5. **Confidentiality**
The Parties agree that during the course of this Agreement, they may be exposed to confidential information. Both Parties agree to:
- Keep all confidential information in strict confidence.
- Not disclose such information to any third party without prior written consent from the other Party.
## 6. **Termination**
Either Party may terminate this Agreement upon written notice to the other Party if:
- A breach of this Agreement occurs and is not remedied within [number of days] days of receiving notice of such breach.
- A Party becomes insolvent or is subject to bankruptcy proceedings.
## 7. **Indemnification**
[Party A] shall indemnify and hold harmless [Party B] from any claims, damages, losses, or expenses arising out of or resulting from [Party A]'s performance of the Services under this Agreement.
## 8. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 9. **Dispute Resolution**
In the event of any disputes arising under this Agreement, the Parties agree to:
- Engage in good faith negotiations to resolve such disputes.
- If negotiations fail, submit to mediation and/or binding arbitration in accordance with the rules of the [Arbitration Institution].
## 10. **Entire Agreement**
This Agreement constitutes the entire understanding between the Parties regarding its subject matter and supersedes all prior agreements, negotiations, and discussions, whether oral or written.
## 11. **Amendments**
This Agreement may only be amended in writing, signed by both Parties.
## 12. **Signatures**
By signing below, the Parties acknowledge and agree to the terms of this Performance Agreement.
**[Party A Name]**
*Signature: ________________________*
*Date: _____________________________*
**[Party B Name]**
*Signature: ________________________*
*Date: _____________________________*
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**Exhibits:**
- Exhibit A: Detailed Scope of Work
- Exhibit B: Payment Schedule
- Exhibit C: Any additional relevant documents
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*Note: This is a general template and should be tailored to meet specific legal requirements and circumstances. It is advisable to seek legal counsel before signing any contractual agreements.*