BETWEEN: ARTISANAL FARMS LLC of address [ADDRESS] hereinafter referred to as “Company” represented by JING BO HUANG (Herein “Company Director”).
XIAO LOU HUANG ( Individual Person) of address [ADDRESS]
Hereinafter referred to as “Investor”
The Company and the Investor shall be jointly referred to as “Parties” and individually as a “Party” to this Contract.
WHEREAS, the Company deals in ______________________ (What does your Company do?);
WHEREAS, the Investor agrees to invest in the Company as a silent investor;
NOW, THEREFORE, in consideration of the premises, and of the mutual promises and undertakings herein contained, the parties, intending to be legally bound, do agree as follows:
OBLIGATIONS OF PARTIES
The parties to this agreement agree as follows:
Company accepts the investment by the investor according to the terms of this agreement.
As consideration, the Company shall honor its end of the Contract in reasonable time and in a professional manner.
Silent Investor (Hands-off investor)
XIAO LOU HUANG agrees to invest in the Company according to the terms of this agreement as a silent investor.
The Silent Investor understands that a silent investor invests money in a business without taking part in the active role of the said business.
This agreement shall remain in effect for _________________ years.
This Agreement shall be operative from the date of execution of this Agreement and shall run until the Agreement is terminated according to the terms of this agreement.
XIAO LOU HUANG has invested a total of USD 600,000 (Six hundred thousand USDollars).
As consideration, he is entitled to 23% of the total net profits that the Company generates.
The profits shall be given to Investor on a monthly basis. However, the profits are dependent on the Company products being sold and the cashflow present.
All taxes and dues shall be deducted before profits are issued to the Investor.
Neither Party will use, copy, adapt, alter or part with possession of any information of the other which is disclosed or otherwise comes into its possession under or in relation to this Agreement and which is of a confidential nature. This obligation will not apply to information which the recipient can prove was in its possession at the date it was received or obtained or which the recipient obtains from some other person with good legal title to it or which is in or comes into the public domain otherwise than through the default or negligence of the recipient or which is independently developed by or for the recipient.
All intellectual property shall be respected by both parties. All Company equipment belong to the Company.
The Company reserves the right to terminate this Contract. In the event of termination, the Company shall inform the Investor in writing of the intention to terminate the Contract. Company shall give atleast 30 days notice to Investor communicating intention to terminate the Contract.
Unless otherwise mutually agreed to in writing, upon the termination of this Agreement, any arrangement tied to this agreement then in effect will immediately terminate.
Violation of the parties obligations may immediately terminate this agreement if the party in breach does not cure such breach as soon as practically possible.
In the event where a dispute arises and the parties fail to amicably resolve the dispute, this agreement may be terminated as a result.
This contract represents the entire agreement between the two parties and supersedes any previous written or oral agreement. This agreement may be modified at any time, provided there is written consent of both parties to this contract.
The parties agree that if any portion of this contract is found to be void or unenforceable, it shall be struck from the record and the remaining provisions will retain their full force and effect.
This contract shall be governed, interpreted, and construed in accordance with the laws of California
In Witness Whereof, this Agreement is duly executed by the duly authorized representatives of the parties as set forth below:
For Silent Investor
Official Signature: _______________________________________
Name of Company: __________________________________________
Name of Company Rep: ______________________________________
Official Signature: __________________________________________
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