Partnership Investment Agreement
This Partnership Investment Agreement (hereinafter referred to as the "Agreement") is made and entered into as of the 1st day of April, 2064, by and between [YOUR COMPANY NAME] (hereinafter referred to as the "Investor"), and DevoWorld (hereinafter referred to as the "Partner"). Collectively, the Investor and the Partner shall be referred to as the "Parties."
WHEREAS, the Parties desire to establish a mutually beneficial investment partnership on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties agree as follows:
I. DEFINITIONS
1.1 Investment
The amount of $500,000 provided by the Investor to the Partner for the purpose of expanding DevoWorld into new markets.
1.2 Return on Investment (ROI)
The profit or financial return the Investor is entitled to as a result of this Agreement, calculated as 10% of net profits generated by DevoWorld.
1.3 Term
The duration of this Agreement, which shall begin on April 1, 2064, and conclude on March 31, 2069, unless terminated earlier as per this Agreement.
II. INVESTOR'S CONTRIBUTIONS
2.1 Financial Contribution
The Investor agrees to provide an initial investment of $500,000 to the Partner for the purpose of expanding the business operations of DevoWorld.
2.2 Additional Contributions
Any additional contributions by the Investor will require a separate written agreement signed by both Parties.
III. PARTNER'S OBLIGATIONS
3.1 Use of Funds
The Partner agrees to use the investment funds exclusively for the expansion of DevoWorld into new geographic markets and for enhancing the product line, and to provide the Investor with regular updates on the progress of this expansion.
3.2 Reporting
The Partner shall deliver periodic financial reports, including but not limited to quarterly profit and loss statements, to the Investor.
IV. PROFIT-SHARING ARRANGEMENTS
4.1 Profit Allocation
Profits generated from the expansion of Jane Smith Enterprises shall be distributed as follows:
Investor: 10%
Partner: 90%
4.2 Distribution Schedule
Profits will be distributed annually, starting on March 31, 2065.
V. REPRESENTATIONS AND WARRANTIES
5.1 Investor's Representations
The Investor represents and warrants that they have the financial capacity to make the agreed investment without any undue hardship.
5.2 Partner's Representations
The Partner represents and warrants that the information provided to the Investor is accurate and that the funds will be used in accordance with the terms of this Agreement.
VI. TERM AND TERMINATION
6.1 Term
This Agreement shall remain in effect until March 31, 2069, unless terminated earlier by mutual agreement.
6.2 Termination Conditions
This Agreement may be terminated by either Party upon:
VII. CONFIDENTIALITY
Both Parties agree to keep all proprietary information, trade secrets, and details of this Agreement confidential, except as required by law or with prior written consent.
VIII. DISPUTE RESOLUTION
8.1 Mediation
In the event of a dispute, the Parties agree to first attempt resolution through mediation.
8.2 Arbitration
If mediation fails, disputes will be resolved through binding arbitration in Des Moines, Iowa, governed by the rules of the American Arbitration Association.
IX. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Iowa, without regard to its conflicts of law principles.
X. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the Parties concerning the subject matter herein and supersedes all prior negotiations and agreements, whether written or oral.
XI. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
Investor:
[YOUR NAME]
[YOUR COMPANY NAME]
Date: April 1, 2064
Partner:
Erica Price
DevoWorld
Date: April 1, 2064
Contract Templates @ Template.net
