FINANCIAL SOURCE AGREEMENT
This Financial Source Agreement herein referred to as the “Agreement” is made and
entered into on _____________________herein after the “Effective Date” between
BISCOTTI BOYZ LLC hereinafter the ”Company,” and _______________
hereinafter referred to as the “Investor.”
WHEREAS the Investor herein has willingly agreed to enter into this Agreement to
provide finance to the Company’s business.
The parties hereby agree as follows:
1. Investment.
Within ____days from the Effective Date, the Investor shall remit to the Company
______________ (from now on referred to as the “Finance.”)
Parties agree there is no refund once the funds are invested and the Company shall
keep them up to date the on the status of the business.
2. Benefit.
The returns of the investment shall be to the beneficiaries and not the investor
herein.
3. Guarantees.
The Company herein cannot guarantee a positive return on the Finance and the
investor could lose their money if the Company experiences loss.
4. Confidentiality.
All the terms and conditions of this Agreement and any confidential information must
be kept confidential unless disclosure is required under the process of law.
Disclosing or using this information for any purpose beyond the scope of this
Agreement or the exceptions set forth above is expressly forbidden without the
Parties’ prior consent.
The Parties agree that the confidentiality clause in this Agreement will remain active
and in power even upon its completion.
5. Conflict Resolution.
The parties hereby mutually agree to have mutual negotiations in good faith if there
arises a dispute and/or conflict concerning the interpretation, obligations, etc.,
envisioned under this agreement. If the negotiations fail, parties may resolve the
issue/dispute/conflict through neutral Arbitration. The decision and award of the
arbitrator shall be final and binding on all parties. The costs of such proceedings
shall be borne equally by both parties.
6. Entire Agreement.
This Agreement contains the entire understandings of the parties concerning the
subject matter herein and supersedes all previous agreements (oral and written),
negotiations, and discussions.
7. Headings.
The descriptive headings of the sections of this Agreement are inserted for
convenience only and shall not control or affect the meaning or construction of any
provision hereof.
8. Amendments.
Any modifications or amendments to this Agreement must be in writing and signed
by both parties.
9. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the laws of the state of New Jersey.
10. Waiver.
The waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.
11. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, the same shall be severed
from this Agreement, and the remaining provisions will be in full force and effect.
IN WITNESS WHEREOF, this agreement has been executed by the parties herein;-
Signed by the COMPANY; –
Signature:
_______________________________
Date:
___________________________________
Email Address:
___________________________
Signed by the INVESTOR; –
Signature:
__________________________
Date:
______________________________
Email Address:
______________________
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