Template agreement—mutual

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Template agreement—mutual
  • Background
  • 1 Definitions and interpretation
  • 2 Commencement and term
  • 3 Party A’s obligations
  • 4 Party B’s obligations
  • 5 Warranties
  • 6 Prices
  • 7 Payment
  • 8 Anti-bribery
  • More...

Template agreement—mutual

This Agreement is made on [date]

Parties

  1. 1

    [insert name of Party A][ of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at ][insert address] (Party A); and

  1. 2

    [insert name of Party B] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Party B)

(each of Party A and Party B being a party and together Party A and Party B are the parties).

Background

    1. (A)

      Party A carries on the business of [insert description of Party A’s business].

    1. (B)

      Party B carries on the business of [insert description of Party B’s business].

    1. (C)

      Party A and Party B have agreed that [insert description of proposed transaction] upon the terms and conditions of this Agreement.

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Agreement:

        Affiliate

        1. means any entity that directly or indirectly Controls, is Controlled by, or is under common Control with, another entity;

        Authorised Persons

        1. means a party’s [and its Affiliates’] officers, directors, members, partners, and any of [its OR their] employees, consultants, agents, representatives or professional advisers;

        Bribery Laws

        1. means the Bribery Act 2010 and associated guidance published by the Secretary of State for Justice under the Bribery Act 2010[ and all other applicable United Kingdom laws, legislation, statutory instruments and regulations in relation to bribery or corruption ]and any

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