Cost Allocation In Contracts

Here's a revised version based on your requirements:
- Each Party shall bear its own costs and expenses incurred in the legal fees, preparation, and negotiation of this Agreement. Party A shall be responsible for all costs and expenses associated with project funding, operational expenses, and coordination costs. Other costs not specifically mentioned herein shall be shared by both Parties according to their respective involvement.
Does this cover your intention?

When performing an agreement on a legal basis, the following terms generally apply:
- Obligations: Specific duties and responsibilities each party agrees to fulfill.
- Costs Allocation: How expenses are divided between parties.
- Governing Law: The jurisdiction's legal framework that governs the agreement.
- Termination: Conditions under which the agreement can be ended.
- Dispute Resolution: Process for resolving disagreements.
Is there a specific part of the agreement or aspect you would like more details on?

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When a contract states "both parties will pay own expenses when performing this agreement," it means each party is responsible for their own costs incurred while fulfilling the terms of the agreement. This can include things like travel, materials, or other operational expenses needed to execute the agreement.