PARTNERSHIP INVESTMENT AGREEMENT
This Partnership Investment Agreement is made and entered on ______________
20__ Between Terrell Owens and Kris Carrier of Wealth Media Vision. Together
referred to as “partners”.
WHEREAS the partners have agreed to be legally bound by the following terms and
conditions; –
1. Investment.
The parties hereby agree for Terrell Owens to invest an initial $10,000 for a
partnership in Wealth Media Vision.
2. Benefit.
Terrell Owens shall receive a percentage of 40% return after expenses.
3. Revenue.
The parties agree the revenue of Wealth Media Vision shall be from the following
properties; –
i. 1 Smart Car/Promotional vehicle
ii. 1 Led mobile display video unit
4. Intellectual property.
Wealth Media Vision’s logo and name are copyrighted and its intellectual property is
owned by Kris Carrier.
5. Management Duties and Restrictions.
The partners shall have equal rights in the management of Wealth Media Vision, and
each partner shall devote their time to the company’s conduct. Without the consent
of the other partner, neither partner shall, on behalf of the partnership, borrow or lend
money, or make, deliver, or accept any commercial paper, or execute any mortgage,
security agreement, bond, lease, or purchase or contract to purchase or sell or
contract to sell any property for or of the partnership other than the type of property
bought and sold in the regular course of its business.
6. Termination.
This partnership may be dissolved at any time by agreement of the partners, in
which the partners shall proceed with reasonable promptness to liquidate the share
of the exiting partner.
7. Dispute Resolution.
Any controversy or claim arising out of or relating to this Agreement, or the breach
thereof, shall be settled by arbitration in accordance with the rules, and judgment
upon the award rendered may be entered in any court having jurisdiction thereof.
8. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the Laws of __________.
9. 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.
10. 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, this Agreement will remain
in full force and effect and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum
extent necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if
such invalid or unenforceable provision(s) were not a part of this Agreement.
11. Amendment of Agreement.
This agreement cannot be amended without the written consent of all partners.
IN WITNESS WHEREOF, the partners hereunto set their signatures and
acknowledged this Agreement as the date first above written.
Signed by Terrell Owens; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
Signed by Kris Carrier ; –
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
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