This Investor Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between Live Luxury Worldwide, Contact Info: __________ (hereinafter referred to as the “Company”), and _________________, Contact Info: ____________ (herein referred to as the “Investor”).
NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:
The initial term of this Agreement shall be for a period of _______ [Months/Years] commencing on the Effective Date herein.
- The Investor is investing _____________ Dollars under this Agreement, towards furnishing new property and/or rent property in the Live Luxury Rental property Catalog. The Investor may, if necessary utilize their credit to finance the furniture and ensure that the units are fully furnished for prospective tenants and/or for the initial investment for the obtaining of new property.
- The Investor acknowledges and understands that once the furniture has been paid for in full, there shall be complete transfer of ownership over the furniture to the Company.
- The Investor shall not receive any discount, financial or otherwise to entice them to stay on the property.
- The Investor shall have the right to recoup their initial earnings with no ROI should they decide to pull out the initial investment early in the event of an emergency once their initial investment has been recovered.
- The Investor shall receive between 35% return of their investment from the tenants’ initial booking for the Live Luxury Rental properties, broken down and paid in monthly payments after the initial return has been paid back to the Investor.
- The Company shall additionally boost the Investor’s credit score by showing the lender that the Investor’s accountability and commitment to clear debts.
- The Company shall work around the clock to ensure that the initial investment is paid off within 3-6 months and not exceed 12 months. The Investor and acknowledges that the Company does not guarantee that this shall be the case for all investments. The Company shall not be responsible, legally or otherwise to pay the Investor if the investment has not bared any profits and/or no tenants has made any rental booking.
- The Company is not obligated, under this Agreement to disclose the exact location of the properties.
- WAIVER AND ASSIGNMENT.
- The waiver by either Party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall NOT in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.
- No Party shall assign its rights or obligations under this Agreement without prior Notice or consent by the other Party.
- FORCE MAJEURE.
The failure on the part of the Company to perform their obligation under this contract will not be considered as default if such failure is the result of natural calamities, acts or God, Covid-19, extreme adverse disasters and circumstances beyond the control of the parties. The Company shall inform the Investor of such inconveniences promptly.
- DISPUTE RESOLUTION.
In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Parties shall solve such issues through a binding mediation process in accordance with the laws of the State of Texas, USA.
The Parties acknowledge that either Party can terminate/cancel this Agreement at any time provided that they issue a ____ Day Written Notice on the same. The Company may at any time and without prior notice terminate/cancel this Agreement in the event that the Investor creates unfavorable conditions including but not limited to issuing threats and hence hindering the performance of the Agreement.
This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.
- GOVERNING LAW/JURISDICTION.
This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, USA. Exclusive jurisdiction and venue shall be in the State of Texas, USA.
Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.
IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.
COMPANY: _____________ _________________________ ___________
(SIGNATURE) (NAME) (DATE)
INVESTOR: _____________ ________________________ ___________
(SIGNATURE) (NAME) (DATE)
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