School Investment Agreement
School Investment Agreement
This School Investment Agreement ("Agreement") is made and entered into as of [Month Day, Year] ("Effective Date"), by and between [Your Company Name], a [State] non-profit corporation, located at [Your Company Address] ("School"), and [Investor Name], an individual/corporation, located at [Investor Address] ("Investor"). School and Investor are hereinafter collectively referred to as the "Parties" and individually as a "Party."
RECITALS
WHEREAS, School is an educational institution providing primary and secondary education;
WHEREAS, Investor desires to invest in School to support its educational mission and initiatives, and School desires to accept such investment under the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants, promises, and agreements set forth herein, the Parties agree as follows:
ARTICLE 1: DEFINITIONS
1.1. "Investment Amount" means the total amount of funds Investor agrees to invest in School as specified in Article 2 of this Agreement.
1.2. "Investment Term" means the period during which the Investment Amount will be utilized by School, as specified in Article 4 of this Agreement.
1.3. "Confidential Information" means all non-public information disclosed by one Party to the other Party, either directly or indirectly, in writing, orally, or by inspection of tangible objects.
1.4. "Effective Date" means the date on which this Agreement is executed by both Parties.
ARTICLE 2: INVESTMENT
2.1. Investment Amount: Investor agrees to invest a total amount of [Investment Amount in words] Dollars ($[0]) ("Investment Amount") in School.
2.2. Payment Schedule: The Investment Amount shall be paid by Investor to School in the following manner:
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[First Installment Amount] Dollars ($[0]) on or before [Month Day, Year].
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[Second Installment Amount] Dollars ($[0]) on or before [Month Day, Year].
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[Subsequent Installments Amount] Dollars ($[0]) on or before [Month Day, Year].
2.3. Method of Payment: All payments shall be made by wire transfer to School's designated bank account or by check payable to [Your Company Name].
ARTICLE 3: USE OF INVESTMENT FUNDS
3.1. Purpose: The Investment Amount shall be used solely for the following purposes:
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Improvement of school facilities and infrastructure.
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Purchase of educational materials and resources.
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Funding of scholarships for underprivileged students.
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Development and implementation of new educational programs and initiatives.
3.2. Reporting: School shall provide Investor with quarterly reports detailing the use of the Investment Amount, including expenditures and progress towards the specified purposes.
ARTICLE 4: INVESTMENT TERM
4.1. Investment Term: The term of this Agreement shall commence on the Effective Date and shall continue for a period of [0] years ("Investment Term"), unless terminated earlier in accordance with Article 7 of this Agreement.
ARTICLE 5: RIGHTS AND OBLIGATIONS OF THE PARTIES
5.1. School's Obligations
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Use the Investment Amount solely for the purposes specified in Article 3.
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Maintain accurate and complete records of all expenditures made with the Investment Amount.
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Provide Investor with quarterly reports as specified in Section 3.2.
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Acknowledge Investor's contribution in School's annual report and other appropriate publications.
5.2. Investor's Obligations
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Pay the Investment Amount in accordance with the payment schedule specified in Section 2.2.
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Maintain the confidentiality of any Confidential Information disclosed by School.
5.3. Rights of Investor
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Investor shall have the right to request additional information regarding the use of the Investment Amount.
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Investor may request meetings with School's administration to discuss the progress and impact of the investment.
ARTICLE 6: CONFIDENTIALITY
6.1. Confidential Information: Each Party agrees to keep confidential all Confidential Information disclosed to it by the other Party and to use such Confidential Information only for purposes of fulfilling its obligations under this Agreement.
6.2. Exclusions: Confidential Information shall not include information that:
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Is or becomes publicly known through no breach of this Agreement.
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Is received from a third party without breach of any obligation of confidentiality.
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Is independently developed by the receiving Party without use of or reference to the disclosing Party's Confidential Information.
ARTICLE 7: TERMINATION
7.1. Termination for Cause: Either Party may terminate this Agreement for cause if the other Party breaches any material term of this Agreement and fails to cure such breach within thirty (30) days after receipt of written notice of such breach.
7.2. Termination by Mutual Agreement: This Agreement may be terminated at any time by mutual written agreement of the Parties.
7.3. Effect of Termination: Upon termination of this Agreement for any reason:
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School shall return any unspent Investment Amount to Investor.
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Both Parties shall return or destroy all Confidential Information of the other Party.
ARTICLE 8: REPRESENTATIONS AND WARRANTIES
8.1. School's Representations and Warranties: School represents and warrants to Investor that:
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School is a non-profit corporation duly organized, validly existing, and in good standing under the laws of the State of [State].
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School has the authority to enter into this Agreement and to perform its obligations hereunder.
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The execution and delivery of this Agreement by School and the performance of its obligations hereunder have been duly authorized by all necessary corporate action.
8.2. Investor's Representations and Warranties: Investor represents and warrants to School that:
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Investor has the authority to enter into this Agreement and to perform its obligations hereunder.
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The execution and delivery of this Agreement by Investor and the performance of its obligations hereunder have been duly authorized by all necessary action.
ARTICLE 9: INDEMNIFICATION
9.1. Indemnification by School: School shall indemnify, defend, and hold harmless Investor from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or in connection with any breach of School's representations, warranties, or obligations under this Agreement.
9.2. Indemnification by Investor: Investor shall indemnify, defend, and hold harmless School from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or in connection with any breach of Investor's representations, warranties, or obligations under this Agreement.
ARTICLE 10: MISCELLANEOUS
10.1. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflicts of law principles.
10.2. Dispute Resolution: Any disputes arising out of or in connection with this Agreement shall be resolved through good faith negotiations between the Parties. If the Parties are unable to resolve the dispute through negotiations, either Party may submit the dispute to mediation. If mediation fails, the Parties may pursue any and all legal remedies available to them.
10.3. Notices: Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given if delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid, to the addresses of the Parties set forth in the preamble of this Agreement or to such other address as either Party may designate by written notice to the other Party.
10.4. Entire Agreement: This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, of the Parties.
10.5. Amendments: This Agreement may be amended only by a written instrument executed by both Parties.
10.6. Waiver: No waiver by either Party of any breach or default of this Agreement by the other Party shall be deemed to be a waiver of any other breach or default, and no waiver shall be effective unless in writing and signed by the waiving Party.
10.7. Severability: If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions of this Agreement shall continue in full force and effect.
10.8. Assignment: Neither Party may assign this Agreement or any of its rights or obligations hereunder without the prior written consent of the other Party, which consent shall not be unreasonably withheld.
10.9. Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
10.10. Headings: The headings in this Agreement are for convenience only and shall not affect the interpretation of this Agreement.
IN WITNESS WHEREOF, the Parties have executed this School Investment Agreement as of the Effective Date.
[Your Company Name]
By:
[Your Name]
[Title]
[Investor Name]
By:
[Full Name]
[Title] (if applicable)
