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AUDIT AGREEMENT
This Audit Agreement (hereinafter referred to as the “Agreement”) is made on [INSERT DATE ON WHICH THE AGREEMENT COMES INTO FORCE] (hereinafter referred to as the “Effective Date”) between:
[INSERT NAME OF THE COMPANY], having registered office at [INSERT ADDRESS OF THE COMPANY] (hereinafter referred to as the “Company” which expression shall, unless repugnant to the context or meaning thereof, means and includes its legal representatives, executors, administrators and permitted assigns); and
[INSERT NAME OF THE AUDITOR], having registered office at [INSERT ADDRESS OF THE AUDITOR] (hereinafter referred to as the “Auditor” which expression shall, unless repugnant to the context or meaning thereof, means and includes its legal representatives, executors, administrators and permitted assigns).
The “Company” and the “Auditor” together shall be referred to as “Parties” and individually as a “Party”.
WHEREAS:
- The Company is engaged in the Business of [INSERT DESCRIPTION OF THE BUSINESS] and agrees to hire the auditor for professional Auditing services to manage their financial records, reports, and tax filings as per generally accepted accounting principles.
- The Auditor is engaged in providing Auditing services and possesses necessary expertise and qualifications to provide such services.
- The Parties mutually agree to the terms and conditions outlined in this Agreement, which governs the working relationship between the parties.
- The parties are duly authorized and have the capacity to enter into this agreement.
- Both the parties affirm to understand the provisions contained herein and in case either party requires clarification as to one or more provisions, either party has had the right to seek clarifications or sought legal guidance.
NOW, THEREFORE, in consideration of the mutual promises contained herein and intending to, be legally bound, the Parties have agreed as follows:
- DEFINITIONS
- “Agreement” means this Audit Agreement, including all schedules, annexures, and amendments, as may be made from time to time.
- “Auditor” means the individual or legal entity appointed by the Company to provide auditing services under the terms of this Agreement, as identified in the preamble.
- “Auditing Services” means the professional services provided by the Auditor to the Company, including but not limited to examination of financial records, issuance of audit reports, risk assessment, compliance checks, and any other related services as defined in the Scope of Services section.
- “Company” means the legal entity that has appointed the Auditor to carry out the auditing services as defined under this Agreement.
- “Confidential Information” means all non-public, proprietary, or sensitive information disclosed by one Party to the other, whether in oral, written, electronic, or any other form, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure.
- “Deliverables” means all audit reports, findings, financial statements, risk assessments, documentation, and other outputs to be prepared and submitted by the Auditor as part of the Auditing Services.
- “Effective Date” means the date on which this Agreement comes into force, as specified at the beginning of this Agreement.
- “Force Majeure Event” means any event beyond the reasonable control of a Party that prevents or delays that Party’s performance under this Agreement, including but not limited to natural disasters, pandemics, war, riots, terrorism, labor strikes, or government action.
- “Indemnified Party” and “Indemnifying Party” mean, respectively, the Party entitled to indemnification and the Party obligated to provide such indemnification under the terms of this Agreement.
- “Intellectual Property” means any and all proprietary rights, including copyrights, trademarks, patents, trade secrets, know-how, and all other intangible assets created or owned by the Company and/or used during the provision of services under this Agreement.
- “Party” or “Parties” means individually either the Company or the Auditor, and collectively both of them.
- “Personal Data” means any information relating to an identified or identifiable natural person, processed in connection with the services provided under this Agreement, in accordance with applicable data protection laws.
- “Report” or “Audit Report” means the formal opinion or findings issued by the Auditor following examination of the Company’s financial records for a specified financial period.
- “Scope of Services” means the specific tasks, responsibilities, and duties of the Auditor as outlined in the section titled Scope or any annexure thereto.
- “Term” means the period during which this Agreement is in force, commencing from the Effective Date and ending upon its termination or expiration, as specified herein.
- “Termination Date” means the date on which this Agreement is terminated in accordance with its terms, either through expiration, mutual consent, breach, or other permissible grounds.
- SCOPE
- The Auditor shall provide professional auditing services (“Auditing Services”) to the Company in accordance with applicable legal and regulatory standards, including generally accepted accounting principles (GAAP) or any other framework as agreed in writing by the Parties.
- The services to be rendered under this Agreement shall include, but not be limited to:
- Examination of the Company’s financial statements and underlying documentation for the relevant audit period;
- Preparation and issuance of an audit report containing findings, conclusions, and, where applicable, recommendations for improvement;
- Review of financial controls, accounting systems, compliance with applicable laws and financial reporting standards;
- Preparation and submission of risk assessment documentation and audit planning reports;
- Assistance with statutory filings, disclosures or tax audit documentation, if agreed by both Parties in writing.
- The Auditor shall not be responsible for:
- Preparing the financial statements of the Company.
- Detecting all instances of fraud or financial irregularities;
- Making business or operational decisions on behalf of the Company.
- Any additional services requested by the Company outside the scope outlined above shall be subject to a separate written agreement or a mutually signed addendum, including applicable fees and timelines. [INSERT ADDITIONAL SERVICES TO BE PROVIDED, IF ANY, INCLUDING SPECIFIC DELIVERABLES OR TASKS]
- The Auditor shall carry out the services in a professional and timely manner and shall maintain high standards of integrity and independence throughout the engagement.
- AUDIT PERIOD
- This Agreement shall commence on the effective date of [INSERT DATE OF AGREEMENT] and continue for [INSERT TERM PERIOD OF AGREEMENT IN DAYS/MONTHS/YEARS] as agreed by the parties. The Agreement may be terminated earlier in accordance with the termination provisions set forth herein, including termination upon mutual written consent or any other conditions specified within the Agreement that allow for early termination.
- OBLIGATIONS OF THE AUDITOR
- The Auditor shall perform the auditing services in a professional, diligent, and timely manner, in accordance with applicable legal and regulatory standards and generally accepted accounting principles.
- The Auditor shall maintain accurate and complete audit records and documentation, prepare and deliver audit reports and related deliverables within the agreed timeframe, and ensure confidentiality of all financial, business, and proprietary information obtained during the engagement.
- The Auditor shall not claim any right, title, or interest in any of the Company’s intellectual property and shall promptly return all records, reports, and documents of the Company upon the termination or expiration of this Agreement.
- OBLIGATIONS OF THE COMPANY
- The Company shall cooperate with the Auditor in good faith and provide complete, accurate, and timely access to all financial data, documents, and records required for the performance of auditing services.
- The Company shall make timely payments to the Auditor in accordance with the payment terms agreed in this Agreement, and shall not interfere with the Auditor’s independence or influence the outcome of the audit.
- The Company shall give due consideration to the Auditor’s findings and recommendations and implement appropriate actions where necessary. Additionally, the Company shall notify the Auditor in writing of any significant changes in its operations or financial condition that could impact the scope or execution of the audit.
- REPORTS AND INFORMATION
- The Auditor shall maintain complete Audit records of financial statement in accordance with applicable legal regulations, and provide the Company with regular Audit reports, for the financial year starting from [INSERT FINANCIAL YEAR START DATE] till [INSERT FINANCIAL YEAR END DATE] as agreed upon by the parties.
- The Company agrees to promptly provide all necessary financial and transactional data to perform the audit.
- The Company retains ownership of all Audit reports, and financial documents produced by the Auditor during the course of providing services under this Agreement.
- In the event of termination of this Agreement, the Auditor shall provide the Company with a complete and orderly transfer of all Audit records and reports in their possession.
- The Auditor shall maintain confidentiality of all financial information and reports provided by the Company, as outlined in the Confidentiality clause of this Agreement.
- PAYMENT
- Company hereby agrees to pay to Auditor the following amount [INSERT AMOUNT PAYABLE TO AUDITOR] on a [INSERT PAYMENT SCHEDULE E.G., MONTHLY, QUARTERLY OR YEARLY] basis as agreed upon by both the parties.
- Payments shall be paid by Company to Audit on or before [INSERT DUE DATE FOR PAYMENT]. Payments shall be made in [INSERT FIAT CURRENCY] through [INSERT MODE OF PAYMENT].
- REPRESENTATION AND WARRANTIES
- Each Party represents and warrants that it has full power and authority to enter into and perform its obligations under this Agreement, and that the execution and delivery of this Agreement has been duly authorized by all necessary corporate or organizational action.
- The Auditor represents and warrants that it possesses the necessary qualifications, expertise, licenses, and authorizations to provide the auditing services described herein, and that it shall perform such services in accordance with professional standards and all applicable laws and regulations.
- The Company represents and warrants that it shall provide accurate, complete, and timely information necessary for the conduct of the audit, and that all financial data and records disclosed to the Auditor shall be true and correct to the best of its knowledge.
- Both Parties represent that they are not subject to any contractual or legal obligations that would prevent them from entering into or performing their obligations under this Agreement, and that entering into this Agreement does not and will not conflict with or result in any breach of any other agreement or obligation binding upon them.
- Each Party acknowledges that it has not relied upon any representations or warranties other than those expressly set forth in this Agreement.
- DELIVERABLES
- The Auditor agrees to prepare and deliver the audit report in accordance with the timeframe mentioned. This report will include findings, conclusions and any recommendations arising from the Audit.
- The Auditor shall provide and submit Risk Assessment documentation and planning.
- TIME IS OF ESSENCE
- The Parties acknowledge that the timely performance of all obligations under this Agreement is of critical importance. Time is of the essence, and any failure by either party to fulfil its obligations within the required timeframes shall constitute a material default under this Agreement. In the event of a breach by either party, the non-breaching party shall have the right, at its sole discretion, to declare this Agreement null and void, in which case all rights and obligations of the defaulting party shall immediately terminate.
- If the non-breaching party elects not to terminate the Agreement, it shall have the right to demand specific performance, requiring the breaching party to fulfil its obligations as outlined herein. Additionally, the non-breaching party retains the right to pursue any and all other legal and equitable remedies available under applicable law, including but not limited to seeking damages for losses incurred as a result of the breach. The non-breaching party shall also be entitled to recover from the breaching party all costs, expenses, and reasonable attorneys' fees incurred in enforcing the terms of this Agreement or pursuing any remedy arising from such breach.
- CONFIDENTIALITY
- Confidential Information shall not include any information that: (i) is or becomes generally known to the public without either Party’s breach of any obligation owed to the other Party; (ii) was independently developed by a Party without other Party's breach of any obligation owed to that Party; or (iii) is received from a third party who obtained such Confidential Information without any third party's breach of any obligation owed to the Party.
- During and after the term of this Agreement, Parties will hold in the strictest confidence, and take all reasonable precautions to prevent any unauthorized use or disclosure of Confidential Information, and Parties will not (i) use the Confidential Information for any purpose whatsoever other than as necessary for the performance of the Services on behalf of the other Party, or (ii) disclose the Confidential Information to any third party without the prior written consent of an authorized representative of the other Party.
- Parties agrees to protect the confidentiality of the Confidential Information in the same manner that it protects the confidentiality of its own proprietary and confidential information of like kind, but in no event shall the Parties exercise less than reasonable care in protecting such Confidential Information.
- The Parties shall not use any confidential information directly or indirectly to procure a commercial advantage over the other Party or otherwise use any designs, ideas or concepts created by or belonging to the other Party without the express written consent of the other Party.
- Upon termination/ expiration whichever is earlier, the Parties shall promptly return or certify the destruction of Confidential Information and all authorized copies thereof
- OWNERSHIP AND INTELLECTUAL PROPERTY RIGHTS
- The Auditor covenants that it will not claim any right, title or interest whether at law or in equity or in any Intellectual Property of the Company’s business and that the Company shall be the sole, exclusive and absolute owner of all.
- TERMINATION
- Either party may terminate this Agreement for material breach on [INSERT THE NUMBER OF DAYS FOR NOTICE OF TERMINATION] days' written notice with opportunity to cure; provided termination will become effective immediately upon such notice, without opportunity to cure, if:
- this Agreement provides a specific date or period for performance of the obligation breached; or
- the injury caused by the breach is of a type that cannot be materially reduced by the breaching party during the cure period.
- Upon expiration or termination of this Agreement, all rights and obligations of the parties shall immediately cease, except for those obligations that have accrued prior to the effective date of termination. Specifically, any outstanding payment obligations, as well as any liabilities or breaches incurred before termination, shall remain fully enforceable. No new rights or obligations shall arise or be enforceable following termination, except for those expressly provided to survive termination within this Agreement.
- If this Agreement is terminated in accordance with its termination provisions, it shall become null and void and have no further force or effect, except that the Parties shall continue to be bound by its provisions regarding confidentiality and restrictions on announcements, indemnification, confidentiality, non-solicitation, non-disparagement, notices, miscellaneous matters, and governing law and dispute resolution. Nothing in this clause shall release any Party from any liability for any breach of this Agreement occurring prior to the effective date of such termination.
- Either party may terminate this Agreement for material breach on [INSERT THE NUMBER OF DAYS FOR NOTICE OF TERMINATION] days' written notice with opportunity to cure; provided termination will become effective immediately upon such notice, without opportunity to cure, if:
- INDEMNIFICATION
- Each party (“Indemnifying Party”) shall indemnify, defend, and hold harmless the other party, its affiliates, officers, directors, employees, agents, successors, and assigns (“Indemnified Party”) from and against any and all claims, demands, actions, suits, or proceedings initiated by third parties, as well as any resulting liabilities, damages, losses, costs, and expenses, including reasonable attorneys’ fees, to the extent such claims arise from;
- any breach by the Indemnifying Party of its covenants, agreements, or obligations under this Agreement;
- any inaccuracy or material misrepresentation in the representations or warranties made by the Indemnifying Party; or
- any claim that the use, licensing, or commercialization of intellectual property or proprietary rights by the Indemnifying Party infringes, misappropriates, or otherwise violates the rights of any third party. The Indemnified Party shall provide prompt written notice of any claim for which indemnification is sought, and the Indemnifying Party shall have the right to assume and control the defence with counsel of its choosing, subject to the Indemnified Party’s reasonable approval.
- The Indemnified Party shall cooperate in good faith, and while it may participate in the defence at its own expense, the Indemnifying Party shall not settle any claim without the Indemnified Party’s prior written consent if such settlement imposes liability, does not provide a full release, or includes an admission of wrongdoing. Indemnification shall not apply to the extent that the claim arises from the Indemnified Party’s own willful misconduct, negligence, or material breach of this Agreement.
- Each party (“Indemnifying Party”) shall indemnify, defend, and hold harmless the other party, its affiliates, officers, directors, employees, agents, successors, and assigns (“Indemnified Party”) from and against any and all claims, demands, actions, suits, or proceedings initiated by third parties, as well as any resulting liabilities, damages, losses, costs, and expenses, including reasonable attorneys’ fees, to the extent such claims arise from;
- LIMITATION OF LIABILITY
- In no event shall either party be liable to the other party for any indirect, incidental, consequential, special or exemplary damages, including without limitation, business interruption, loss of or unauthorized access to information, damages for loss of profits, incurred by the other party arising out of the services provided under this agreement, even if such party has been advised of the possibility of such damages, In no event will neither party’s liability on any claim, loss nor liability arising out of or connected with this agreement shall exceed the amounts paid to the Auditor by Company.
- DISPUTE RESOLUTION
- The Parties shall endeavour to resolve any differences of opinion which may arise between them with respect to the provisions of this Agreement by negotiation between themselves personally or with the assistance of their attorneys and unless in the opinion of any party, acting reasonably, the matter in dispute is of such significant nature to warrant it being addressed otherwise, no party shall commence any public proceedings until the negotiations have failed to produce a resolution. In furtherance of the provisions of this paragraph, all Parties hereby agree to make themselves available on short notice and to negotiate promptly and in good faith, any matter any party may wish to negotiate.
- All disputes arising under this agreement shall be governed by and interpreted in accordance with the Arbitration laws of [INSERT COUNTRY/STATE OF ARBITRATION] , without regard to principles of conflict of laws. The parties to this agreement will submit all disputes arising under this Agreement to Arbitration in [INSERT COUNTRY/STATE OF ARBITRATION] before a single arbitrator . The arbitrator shall be selected by mutual agreement of the parties. The venue of Arbitration proceedings shall be [INSERT NAME OF COUNTRY AND CITY WHERE ARBITRATION SHALL BE CONDUCTED] No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. The decision of the Arbitrator shall be final and binding upon the parties.
- APPLICABLE LAW
- This Agreement shall be governed by and constructed in accordance with the Laws, rules, orders and regulations of [INSERT COUNTRY/STATE OF APPLICABLE LAWS].
- The Parties shall resolve all disputes in connection with the validity or interpretation of this Agreement, unless otherwise expressly stated in the Agreement, in the following manner:
- By direct negotiations between the Auditor and Company.
- If negotiations between the parties are unsuccessful, the matter shall be referred to the competent court sitting at [INSERT THE PLACE OF THE COURT WHICH SHALL HAVE EXCLUSIVE JURISDICTION IN CASE OF UNSUCCESSFUL NEGOTIATION] which shall have exclusive jurisdiction in all matters arising there from unless otherwise agreed between the Parties in writing.
- FORCE MAJEURE
- Neither party shall be held liable for any failure or delay in performing its obligations under this Agreement if such failure or delay is caused by events beyond the reasonable control of the affected party, including but not limited to acts of God, natural disasters (e.g., floods, earthquakes, hurricanes), war, terrorism, riots, labour strikes, governmental actions, epidemics or pandemics, power outages, or other similar events ("Force Majeure Events").The affected party shall promptly notify the other party in writing of the occurrence of a Force Majeure Event, providing reasonable details of the event, its expected duration, and the steps being taken to mitigate its impact. Failure to provide timely notice may result in the affected party forfeiting its rights under this clause. If a Force Majeure Event continues for a period exceeding [INSERT THE NUMBER OF DAYS CONSTITUTING PERIOD EXCEEDING WHICH, IF THE FORCE MAJEURE CONTINUES, EITHER PARTY MAY TERMINATE THE AGREEMENT] days, either party may terminate this Agreement upon written notice to the other party without further liability, except for obligations accrued prior to the Force Majeure Event.
- DATA PROTECTION
- Both Parties agree to comply with all applicable data protection laws and regulations in connection with the processing of personal data under this Agreement, including any highly sensitive personal information. Personal data shall be collected, processed, and stored lawfully, fairly, and transparently for specific and legitimate purposes. Each Party shall implement appropriate technical and organizational measures to protect personal data from unauthorized access, disclosure, alteration, or destruction. Data transfers across jurisdictions shall only occur in compliance with legally recognized mechanisms.
- In the event of any actual or suspected data breach affecting Customer data, including highly sensitive personal information, the Service Provider shall promptly notify the Customer in writing and provide all reasonable assistance to mitigate risks and comply with applicable breach notification requirements. Each Party shall ensure that data subjects can exercise their rights regarding access, rectification, erasure, restriction of processing, and objection to automated decision-making. Any third-party processing must be governed by a legally binding agreement ensuring compliance with applicable laws. Upon termination of this Agreement, personal data shall be securely deleted unless legal obligations require retention. This clause shall be governed by applicable data protection laws, and disputes shall be resolved in accordance with those regulations.
- NON-SOLICITATION CLAUSE
- During the term of this Agreement and for a period of [FILL UP THE DURATION FOR WHICH THE NON SOLICIATION CLAUSE WILL AP, e.g., 12 months] following its termination or expiration (the "Restricted Period"), [INSERT THE PARTY THAT SHALL NOT SOLICIT] agrees not to, directly or indirectly:
- Solicit, induce, or attempt to solicit or induce any employee, contractor, or agent of [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] to terminate their relationship with [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] or to join any business or entity associated with [INSERT THE PARTY THAT SHALL NOT SOLICIT].
- Solicit, induce, or attempt to solicit or induce any customer, client, or business partner of [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] with whom [INSERT THE PARTY THAT SHALL NOT SOLICIT] had contact or became aware of during the term of this Agreement, for the purpose of diverting business or engaging in a competing activity.
- Both parties agree that the duration, scope, and terms of this non-solicitation clause are reasonable and necessary to protect the legitimate business interests of [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE].In the event of a breach or threatened breach of this clause, [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] shall be entitled to seek injunctive relief and any other legal or equitable remedies available, without the requirement to post bond or other security.
- NON- DISPARAGEMENT
- The Parties agree that neither they nor any of their representatives, agents, employees, or affiliates shall, directly or indirectly, make or publish any statements, comments, or communications, whether orally, in writing, or electronically, including through any channel such as social media platforms, websites, forums, or other public or private means, that disparage, defame, or negatively portray the other Party, its business, products, services, employees, or reputation.
- This clause does not prohibit a Party from making truthful statements when required by law, regulation, or valid court order, provided the Party uses reasonable efforts to provide prior notice to the other Party, to the extent permitted by law.
- NOTICES
- Any notice, request, demand, consent or other communication required or permitted under this Agreement shall be in writing and sent either via email on the email address as provided by the parties and shall be considered sent when the email is sent to the correct email address of the party or shall be given by personal delivery (including courier) by certified mail (confirmed by mail) addressed to the party for which it is intended at the address below and shall be deemed to be given on the day of delivery or transmission if within during normal business hours, or, if after business hours, on the next following Business Day, or if mailed by registered or certified mail, on the day which is [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Days after such notice is mailed during normal postal conditions. In the event of a postal disruption, any notice mailed will be deemed received on the [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Day following resumption of regular postal service:
- If to the Company: [INSERT EMAIL ID OR/AND ADDRESS OF THE COMPANY]
- If to the Auditor: [INSERT EMAIL ID OR/AND ADDRESS OF THE AUDITOR]
- Either party may change its address/email address for notices and other communications upon notice to the other party in the manner aforesaid.
- Any notice, request, demand, consent or other communication required or permitted under this Agreement shall be in writing and sent either via email on the email address as provided by the parties and shall be considered sent when the email is sent to the correct email address of the party or shall be given by personal delivery (including courier) by certified mail (confirmed by mail) addressed to the party for which it is intended at the address below and shall be deemed to be given on the day of delivery or transmission if within during normal business hours, or, if after business hours, on the next following Business Day, or if mailed by registered or certified mail, on the day which is [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Days after such notice is mailed during normal postal conditions. In the event of a postal disruption, any notice mailed will be deemed received on the [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Day following resumption of regular postal service:
- MISCELLANEOUS
- Modifications: Except as otherwise provided herein this Agreement shall not be amended or otherwise modified unless the modification or amendment is done in writing, signed and has been mutually agreed by both the parties.
- Language: The language of all communications between the parties pursuant to this Agreement, including notices and reports, will be the English.
- Severability: If any provision of this Agreement shall, to any extent, be held to be invalid or unenforceable, it shall be deemed to be separate and severable from the remaining provisions of this Agreement, which shall remain in full force and effect and be binding as though the invalid or unenforceable provision had not been included.
- Entire agreement: This agreement along with all the Exhibits constitutes the entire understanding and agreement of the parties with respect to its subject matter and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express or implied, written or oral, between the parties. This Agreement may be executed in identical duplicate counterparts, each of which shall be deemed an original, and both of which together shall constitute one and the same instrument.
- No Waiver: Any failure or delay of any Party hereto in exercising any right or privilege with respect to this Agreement shall not be construed to be a waiver or to affect the validity of any part of the Agreement and shall not retrain any of the Parties to enforce any of the provisions of the Agreement.
- Amendments and Assignments: Any amendments to this Agreement shall be made, only if, both Parties agree upon such amendment in writing. This Agreement shall not be assigned by either party without the express, written consent of the other party.
- Headings: The headings upon the various sections are solely for convenience and reference only and shall not affect the scope, meaning, intent or interpretation of the provisions of this Agreement, nor shall such headings otherwise be given any legal effect.
- INDEPENDENT LEGAL ADVICE
- The Parties are advised to seek independent legal counsel before entering into this Agreement. Each Party acknowledges that they have been given a reasonable opportunity to consult with an attorney of their choosing regarding the terms, conditions, and obligations set forth in this Agreement, including any restrictions or commitments imposed herein.
- By signing this Agreement, the Parties confirm that they have either sought such independent legal advice or voluntarily chosen to proceed without it. Each Party further represents that they are entering into this Agreement knowingly, voluntarily, and with a full understanding of its provisions. The Parties acknowledge that they are not relying on any statements, promises, or representations made by the other Party or any representative thereof that are not expressly included in this Agreement.
- DECLARATION
- The Parties hereby acknowledge that the terms herein have been read, fully understood, and expressly agreed to, and hereby commit to performing their obligations with due diligence, honesty, and in good faith. The Parties hereby agree to foster a collaborative environment that promotes transparent communication and timely resolution of any issues, thereby ensuring compliance with all applicable laws and industry best practices.
IN WITNESS WHEREOF, the parties, intending to be legally bound, have each executed this agreement as of the effective date.
Signed, sealed and delivered on behalf of Auditor
Name: [INSERT THE NAME OF SIGNING AUTHORITY OF AUDITOR AND/OR DESIGNATION]
Signature:
Date: [INSERT THE DATE ON WHICH AUDITOR SIGNS THE AGREEMENT]
Signed, sealed and delivered on behalf of Company
Name: [INSERT THE NAME OF SIGNING AUTHORITY OF COMPANY AND/OR DESIGNATION]
Signature:
Date: [INSERT THE DATE ON WHICH COMPANY SIGNS THE AGREEMENT]