Seeking advise on FDI 's agreement with an Indian Individual.?
DRAFT FORMAT
Memorandum Of Understanding Between U.S.Based Co. [U.S.B] and an Indian Individual [I.R]
U.S.B hereby willfully engages I.R to be their representative in India for the purpose of Real Estate Development, Investment Banking, and Fundraising.
The purpose of the agreement is to:
1. Work with I.R to create special relationships with banks and financial companies in India for the purpose of real estate development and fundraising.
2. To develop new real estate properties in India. These will include resorts, hotels, and luxury homes.
3. To develop relationships with financial firms (banks, stock market companies), to help the U.S.B with their investment opportunities in India.
4. To help I.R to develop his real estate portfolio as I.R has wished for.
5. To become the ultimate developer and investment firm in India.
The agreement:
1. I.R and U.S.B shall work closely together to develop the real estate market in India, and become responsible for a majority of the new developments, which take place.
2. I.R shall assist U.S.B in forming special working relationships with banks, equity trading companies, and the stock market for purposes of local and international investments.
3. I.R shall act as exclusive representative/liaison in India for the duration of thus stated agreement, which will go into effect immediately. The remuneration that I.R shall receive is 10% of each successful deal that he assists I.R in putting together. The 10% shall be payable in USD.
4. I.R will at the earliest time get relationships established for investment purposes with the major financial institutions and companies in India for U.S.B development purposes.
5. U.S.B shall assist I.R with extending his global list of contacts and global business opportunities.
6. I.R and U.S.B both agree to represent each other in the most professional matter consistent with operating a professional company.
This agreement is effective upon approval by I.R and U.S.B. The agreement terms shall run for a period of 1 year, and shall be automatically renewed each year following. This agreement maybe cancelled with 30 days notice in writing by certified letter of the party wishing to terminate thus said agreement. Outstanding payments to either party shall be paid before the entire agreement is terminated.
I.R. Signature... U.S.B.Signature.....
Date………… Date…………….
Answers:
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