The Oklahoma Bar Journal September 2023

FORM COMMERCIAL CONTRACT MATRIX

Project Grace – Commercial Contract Matrix (Target Company: XYZ LLC)

No. Agreement Customer Agreements 1. Master Services Agreement,

Subject/Price Term/Renewal/Termination Assignment/CoC RCs

Notes

Non-Solicit: Neither party shall solicit the other party’s employees, contractors,

Subject: XYZ to provide consulting services to ABC. (Sec. 1)

Term: Initial term is five years. (Sec. 4.a) Renewal: After initial term, the agreement shall automatically renew for 12-month periods. (Sec. 4.b) Termination : Either party may terminate this agreement at any time without cause upon 30-day prior written notice to the other. (Sec. 5)

Indemnification: Mutual indemnification obligations. (Sec. 22) Missing Information: This agreement incorporates the confidentiality agreement executed by the parties on Jan. 1, 2021, which confidentiality agreement is not provided.

Neither party may assign this agreement, including assignment to a successor that acquires the majority of such party’s equity, all or substantially all of such party’s assets or the surviving entity in a merger, without the other party’s prior written consent. (Sec. 12)

dated Jan. 1, 2021, by and between ABC Inc. (ABC) and XYZ LLC (XYZ), as amended by the First Amendment dated May 6, 2022, and the Second Amendment dated June 3, 2023. [VDR No. 3.2.5.1]

Price: $750,000 per year. (Sec. 2)

suppliers, vendors or customers without the

other party’s prior written consent during the term of the agreement and for 12 months after its termination. (Sec. 14) Most Favored Nation: The consulting fee charged to ABC shall not be higher than that charged by XYZ to any

of its other customers. (Sec. 19)

Vendor Agreements 2.

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