General Provisions

1.       Parties

(a)  Notices

(b)  Binding Effect

(c)  Third Party Beneficiaries

(d)  Successors and Assigns

(e)  Assignment

(f)   Delegation

(g)  Independent Contractors


2.       Adjudication

(a)  Arbitration

(b)  Governing Law

(c)  Jurisdiction

(d)  Waiver of Jury Trial


3.       Remedies

(a)  No Waiver

(b)  Severability

(c)  Survival

(d)  No Liability

(e)  No Offset

(f)   No Mitigation

(g)  Force Majeure


4.       Interpretation

(a)  Headings; Construction

(b)  Recitals

(c)  Neutral Construction

(d)   Mutual Drafting

(e)  Language

(f)  Voluntary and Knowledgeable Act

(g)   Allocation of Risk (move to exchange section)


5.       Third Parties and Representatives

(a)  Fees and Expenses

(b)  Attorneys’ Fees


6.       Agreement Scope

(a)  Entire Agreement

(b)  Counterparts

(c)  Schedules and Exhibits

(d)  Effective Date

(e)  Amendment

(f)   Further Assurances

Standard Terms

Entire Agreement. This Agreement constitutes the entire agreement between the parties, and supersedes all prior agreements, representations and understandings of the parties, written or oral.

Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement.

Amendment. This Agreement may be amended only by written agreement of the parties.

Further Assurances. The parties shall execute such further documents and do any and all such further things as may be necessary to implement and carry out the intent of this Agreement.

Notices. All notices permitted or required under this Agreement shall be in writing and shall be delivered in person or mailed by first class, registered or certified mail, postage prepaid, to the address of the party specified in this Agreement or such other address as either party may specify in writing. Such notice shall be deemed to have been given upon receipt.

Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors and permitted assigns.

No Third Party Beneficiaries. This Agreement shall not confer any rights or remedies upon any person other than the parties hereto and their respective successors and permitted assigns.

Assignment. This Agreement shall not be assigned by either party without the consent of the other party.

Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of [________], without regard to its conflict of laws rules.

Jurisdiction. Each party agrees to personal jurisdiction in any action brought in any court, Federal or State, within the County of [________], State of [________] having subject matter jurisdiction over the matters arising under this Agreement. Any suit, action or proceeding arising out of or relating to this Agreement shall only be instituted in the County of [________], State of [________]. Each party waives any objection which it may have now or hereafter to the laying of the venue of such action or proceeding and irrevocably submits to the jurisdiction of any such court in any such suit, action or proceeding.

No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.