Startup Financial Agreement
Startup Financial Agreement
This agreement is made between [Your Company Name] (hereinafter referred to as the "Company") and [Your Partner Company Name] (hereinafter referred to as the "Investor") on this day of _________ (the “Effective Date”).
1. TERMS OF INVESTMENT
The Investor hereby provides his consent to contribute the amount of $[0] in the Company. The intention of this investment is to acquire a proportional equity interest that totals to [0]% in the Company. The entirety of the investment, which is to be made as a lump sum payment, will be remitted on the established Effective Date.
2. USE OF FUNDS
The company is in agreement that the investment funds that have been received will be allocated and utilised strictly and exclusively for the purpose of conducting its regular business operations. Further, these funds will also be assigned towards paying the regular expenses that are associated with running the operations of the business smoothly and maintaining its functionality. Additionally, part of the investment funds will be used with the intent of pursuing strategic opportunities. The execution of such opportunities aims at the growth and expansion of the company's business, thereby contributing to the improvement and development of the overall operations and performance of the company.
3. MANAGEMENT OF THE COMPANY
The management of the Company's operations shall be conducted by the Company's management team, subject to the oversight and approval of the Company's Board of Directors. The Investor shall have the right to propose one individual for appointment to the Company's Board of Directors as a non-executive director.
4. FINANCIAL REPORTING
The Company agrees to provide the Investor with quarterly financial reports detailing the Company's revenue, expenses, and operating income, as well as any changes in the Company's cash balance and debt level.
5. CONFIDENTIALITY
All information exchanged between the parties regarding the Company's business and financial affairs shall be treated as confidential and shall not be disclosed to third parties without the prior written consent of the other party.
6. DISCLAIMER
The investor expressly understands and acknowledges the reality that putting money into the Company involves a level of risk. The investor also accepts the fact that the Company does not provide any assurances or guarantees in relation to the return that may be received on the investment undertaken.
7. TERMINATION
This Agreement may be terminated by mutual consent of the Parties or by either Party upon a material breach of the Agreement by the other Party that is not remedied within 30 days’ notice of such breach.
SIGNATURES
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
[Your Company Name]
________________________ // Signature
________________________ // Name
[Your Company Name] // Company Name
[Your Partner Company Name]
________________________ // Signature
________________________ // Name
[Your Partner Company Name] // Company Name
Note:
This Agreement does not constitute a solicitation for investment, nor is it a form of a prospectus. This document should only be signed upon proper advice and understanding of the terms and conditions mentioned herein. Any financial figures provided are solely illustrative and do not set a default standard.
