gift contract

Gift Agreement

This Gift Agreement (hereinafter referred to as the Agreement) is hereby entered into on this ____________ (date) by and between ____________________ (“First Party”) and _____________________ (“Second Party”).

WITNESSETH:

WHEREAS First Party is desirous of gifting an amount of USD ____________ only (hereinafter referred to as “Gift”) to Second Party;

AND WHEREAS Second Party accepts the said Gift from First Party;

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

1. Gifting. First Party shall transfer the said Gift to Second Party through _____________________________ (“Mode of Transfer”) on or before __________________ (date).

2. Intended Use. Second Party agrees to make use of the said Gift for ___________________________ (“Intended Use of Gift”).

3. Representation and Warranty. First Party represents and warrants that it has full right, title and authority to enter into this Agreement and perform its obligations hereunder and that the amount of Gift contemplated herein is the true and correct amount of the Gift.

4. Indemnification. Second Party hereby agrees to indemnify and hold First Party harmless against all claims, costs, damages, losses and liabilities suffered or incurred directly by First Party as a result of any misrepresentation, breach of representations and warranties, breach of covenants and obligations, negligence, or default on the part of Second Party in connection with this Agreement and/or any related agreements.

5. Limitation of Liability. Except for Third Party Claims, neither Party shall be liable for any form of indirect, special or consequential damages (including, without limitation, incidental, punitive or other similar damages or loss of profits or other economic loss or damage) arising from or relating in any way to this Agreement or any related agreement.

6. Breach and Survival. In the event of breach of any of the obligations, representations, warranties and covenants set forth herein, the non-breaching Party may terminate this Agreement upon written notice. Upon termination, all of the obligations arising prior to such termination and all representations, warranties, covenants and agreements that are intended to survive the performance shall remain in full force and effect.

7. Governing Law. This Agreement shall be construed, enforced and governed in accordance with the laws of ____________________ (country), without regard to principles of conflicts of law.

8. Severability. If any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this Agreement which can be given effect without the invalid provision, and, to this end, the provisions of this Agreement are declared to be severable.

9. Entire Agreement. This Agreement supersedes any prior agreement or understanding between the Parties hereto regarding the subject matter hereof and constitutes the entire agreement between the Parties.

IN WITNESS WHEREOF the Parties have executed this Agreement on the date first above written.

___________________________

First Party

___________________________

Second Party

Gift Agreement

This agreement is made between [Name of Giver], of [Address], (hereinafter referred to as theGiver) and [Name of Receiver],of [Address], (hereinafter referred to as the Receiver).

In consideration of the mutual promises set forth in this Agreement, the Giver and Receiver agree as follows:

1. The Giver hereby outright gifts the following items to the Receiver:

[Description of Items]

2. The Receiver hereby accepts the above items as a gift from the Giver with no obligation to pay any consideration.

3. The Giver hereby represent and warrant that the items are free and clear of any liens or encumbrances.

4. The Receiver shall be free to use, transfer, or dispose of the items as he or she wishes.

5. All applicable taxes in connection to this gift are the sole responsibility of the Giver.

6. This Agreement shall be binding on the parties hereto and their respective heirs, administrators, and assigns.

7. This Agreement may only be changed or modified in writing signed by both the Giver and Receiver.

8. This Agreement is made in accordance with the laws of the State of [State], and any disputes arising in connection herewith shall be decided in accordance with said State.

In witness whereof, the parties hereto have executed this Agreement as of the date written below.

Signed by Giver:

Signed by Receiver:

Dated: