TRACKING AUTOMATION INVESTMENT AGREEMENT
This Tracking Automation Investment Agreement herein referred to as the “Agreement” is
made and entered into on _____________________ between ___________________
hereinafter the ”Company,” and ____________________ hereinafter referred to as the
“Client.”
WHEREAS the Company offers trucking automation by setting up a trucking company and
getting a truck on the road as part of the passive income program; and
WHEREAS the client is desirous of having a trucking automation business with the
company;
WHEREAS the parties herein have willingly agreed to enter into this Agreement and to be
legally bound as follows:
1. Investment.
Within _____ days from the Effective Date, the client shall provide to the company the initial
deposit/payment amount of ______________, from now on, referred to as the “Investment.”
2. Term.
Parties herein agree that the Agreement will be valid for one year from the date of signing
this Agreement, and a new contract will be renewable after every 365 days, which must be
signed.
3. Benefit.
The parties agree that as a benefit of the investment, the client shall receive a return on
__________ from the company every month per truck.
4. Records.
The company shall make available the client’s financial documents and records for
inspection after receiving reasonable written notice from the client.
5. Duties and Responsibilities of the Company.
The company shall be responsible for the following but not limited to; –
i. Finding the required truck.
ii. Finding a competent driver.
iii. Managing the driver.
iv. Broker the freight.
v. Maintenance of the truck.
vi. Updating clients on the progress of the business.
6. 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 will remain active and in power even upon
completion.
7. Intellectual Property.
Any Intellectual property collected from the Company or the client shall be deemed the
individual owner’s property.
8. Conflict Resolution.
The company and the client hereby mutually agree to have mutual negotiations in good faith
if there arises a dispute and/or conflict concerning the services, interpretation, obligations,
etc., envisioned under this agreement. If the negotiations fail, parties may resolve the
issue/dispute/conflict through mediation, which is final and binding on all parties. The costs
of such proceedings shall be borne equally by both parties.
9. Termination.
The parties herein agree that the terms of this agreement will be terminated if the client
withdraws the investment or fails to make the necessary ongoing fees.
10. 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. 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.
Any modifications or amendments to this Agreement must be in writing and signed by both
parties.
11. Choice of Law.
This Agreement shall be construed, governed, interpreted, and applied according to the
State of ________________ laws.
12. 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.
13. 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.
14. Counterparts.
This Agreement may be executed in any number of counterparts, all of which will constitute
the same instrument and be an original of this Agreement.
IN WITNESS WHEREOF, this agreement has been executed by the parties herein;-
Signed by _________________________
Signature: ____________________
Date: ________________________
Email Address: _________________
Signed by
___________________________
Signature: _____________________
Date: _________________________
Email Address: _________________
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