Creating a Commercial Property Investment Agreement requires careful consideration of numerous legal and financial aspects. While I can provide a general template, it’s crucial to consult with a legal professional to ensure that the agreement is compliant with local laws and specific to your needs. Here’s a basic outline for a template:
COMMERCIAL PROPERTY INVESTMENT AGREEMENT
This Commercial Property Investment Agreement (the “Agreement”) is made and entered into on [Date], by and between [Investor Name], hereinafter referred to as the “Investor”, and [Property Owner/Company Name], hereinafter referred to as the “Owner”.
1. DEFINITIONS
- Property: The commercial property located at [Property Address], legally described as [Legal Description of the Property].
- Investment Amount: The total sum of money invested by the Investor, amounting to [Investment Amount].
- Purpose: The purpose of the investment is [Specify Purpose – e.g., property development, rental, resale].
2. TERMS OF INVESTMENT
- Initial Investment: The Investor agrees to provide an initial investment of [Initial Investment Amount] on [Initial Investment Date].
- Additional Funding: [Details on any additional funding, if applicable].
- Ownership Stake: The Investor will receive a [Percentage]% ownership stake in the Property.
3. DISTRIBUTION OF PROFITS
- Details on how profits and/or revenues from the property will be distributed.
4. MANAGEMENT AND OPERATION
- Responsibilities and rights of each party in managing and operating the property.
5. REPRESENTATIONS AND WARRANTIES
- Legal assurances by both parties regarding their authority to enter into the agreement and the status of the property.
6. TERM AND TERMINATION
- Duration of the agreement and conditions under which it can be terminated.
7. DEFAULT AND REMEDIES
- Consequences and remedies in case of a breach of the agreement by either party.
8. DISPUTE RESOLUTION
- Procedure for resolving disputes arising from the agreement, such as arbitration or litigation.
9. CONFIDENTIALITY
- Provisions for maintaining the confidentiality of the agreement and any sensitive information.
10. MISCELLANEOUS
- Governing Law: This Agreement shall be governed by the laws of [Jurisdiction].
- Entire Agreement: This document represents the entire agreement between the parties.
- Amendments: Any amendments to this agreement must be made in writing and signed by both parties.
Notices: Details on how formal notices should be delivered to each party.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Signature of Investor]
[Name of Investor]
[Signature of Property Owner/Authorized Representative]
[Name and Title]