Investment Contract
Investment Contract
This Contract and Agreement is made, executed and entered into this ____________by
and between:
-AND-
WHEREAS, the FIRST PARTY and the SECOND PARTY hereby agree to enter into
agreement for the establishment and operation of a business engaged in food and beverage.
NOW, THEREFORE, for and in consideration of the foregoing premises, conditions and
covenants herein below provided, the parties herein have agreed and stipulated and covenanted
as follows:
1. NATURE OF BUSINESS
The FIRST PARTY and SECOND PARTY will establish and operate a bar
business engaged in selling of food and beverage, all business and legal documents to
be named under the FIRST PARTY. The parties herein agree that the business is
deemed by this agreement to be operational effective _____________________ on
which date the rights and obligations of the parties anent this agreement shall start to
accrue and commence.
2. PLACE OF BUSINESS
3. PARTIES’ CONTRIBUTIONS
Except as otherwise determined, all proprietary decisions including but is not limited to
purchase and sale of assets of the business and acquiring loans from third parties, shall be
made by both parties. Hiring and dismissal of personnel shall likewise be determined by
both parties. The day to day operations of the business shall be dealt with the FIRST
PARTY. Both parties agree that the SECOND PARTY will be given priority as a
supplier of various stocks for the business, and the FIRST PARTY agrees to purchase
these stocks at a discounted price.
The net profits of the business will be divided equally by the parties.
The FIRST PARTY shall give the share of the SECOND PARTY on or before the 15th
day of the month, thru bank transfer or any mode of online payment, subject to further
verbal agreement of the parties.
Losses shall be borne solely by the FIRST PARTY who is expected to devote his time
and effort in the furtherance of the business. (ikaw la if ibubutang ini.)
Net assets of the business shall be divided equally in case of cessation of business,
exceptfor the assets listed in Annex “A” which shall be returned to the SECOND PARTY
pursuant to Section 3 of this Agreement.
The net profits and losses shall mean the profits after deducting all taxes of the FIRST
PARTY.
6. BOOKS OF ACCOUNTS
Books of accounts of the transactions of the partnership shall be kept and at all times be
available and open to inspection by any of the partners. The SECOND PARTY shall be
furnished with a copy of the monthly/quarterly tax returns of the business as well as the
Income Statement and other financial reports agreed by both parties.
7. ANNUAL ACCOUNTING
Each calendar year, a full and complete account of the financial position and
performance of the business shall be discussed by the FIRST PARTY to the
SECOND PARTY.
The FIRST PARTY hereby undertakes to comply with all laws, ordinances,
regulations or orders of the National or City/Municipal Government authorities
arising from or regarding the operation of the business.
Failure to comply with the said laws, ordinances, regulations or orders shall be the
exclusive risk and expense of the FIRST PARTY.
9. NON-DISCLOSURE
The FIRST PARTY hereby agrees that during the term hereof, and at all times
thereafter, and except specifically permitted herein or in a separate writing, that he
shall consider this agreement confidential in nature and should not disclose any of
the terms and conditions to any person or entity without the written consent of the
SECOND PARTY. Violation of this provision shall be a ground for the SECOND
PARTY to claim for damages.
10. VENUE
Any and all action or actions arising or in connection with the foregoing agreement
shall be filled exclusively at the proper courts of Villaba, Leyte.
All other matters not covered by this agreement shall be subject to the agreement in
writing by the parties.
________________________________ ________________________________
FIRST PARTY SECOND PARTY
Valid ID and ID Number Valid ID and ID Number
__________________________ ____________________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the City of ___________________, personally
appeared the parties with their competent evidence of identity as shown below their respective
names, known to be the same persons who executed the foregoing instrument and acknowledged
to me that the same are their free act and voluntary deed.
This instrument, consisting of 3 pages, including the page on which this acknowledgment
is written, has been signed on the left margin of each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.