LAND DONATION AGREEMENT
This Land Donation Agreement (the "Agreement") is made and entered into as of this 4th day of December 2050, by and between [Your Company Name], a company registered and existing under the laws of the State of Oregon, with its principal place of business located at [Your Company Address], and Duofort, a company registered and existing under the laws of the State of Oregon, with its principal place of business located at Portland, OR 97201, represented by Floyd Cremin, (hereinafter referred to as "Donor" and "Recipient" respectively).
In consideration of the mutual covenants, promises, and undertakings set forth herein, the parties agree as follows:
I. Purpose of Donation
The Donor, [Your Company Name], agrees to donate a parcel of land to Duofort, represented by Floyd Cremin, for the purpose of supporting Duofort's ongoing projects and initiatives. The land, as described in Section II below, is being donated with the intent to assist in advancing Duofort's goals.
II. Description of Donated Property
The land being donated by [Your Company Name] to Duofort is a plot of land located at the following address: 1234 Greenhill Drive, Portland, OR 97201.
The total size of the property is approximately 5 acres, and it is situated within the jurisdiction of Portland, OR.
III. Rights and Title
Ownership Transfer
Upon the execution of this Agreement, [Your Company Name] hereby irrevocably transfers all rights, title, and interest in the property described in Section II to Duofort, effective immediately.
Clear Title
[Your Company Name] warrants that it holds clear title to the property and that the land is free from all liens, encumbrances, and claims that would hinder the donation process.
IV. Conditions of the Donation
Usage
Duofort agrees to use the donated land solely for its projects, as indicated in this Agreement. The property may not be used for commercial or non-charitable purposes without prior written approval from [Your Company Name].
Maintenance
Duofort agrees to maintain the property in good condition and ensure that it does not fall into disrepair. If any significant deterioration occurs, Duofort is responsible for necessary repairs and upkeep.
V. No Financial Consideration
This donation is made without any expectation of financial compensation or other forms of payment. Duofort acknowledges that the donation is made voluntarily, and no monetary exchange is involved.
VI. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Oregon. The parties consent to the exclusive jurisdiction of the courts located in Portland, OR, for any disputes arising out of or relating to this Agreement.
VII. Signatures
This Agreement is entered into voluntarily by the parties, and by signing below, each party agrees to the terms and conditions set forth herein.
For [Your Company Name]
Name: [Your Name]
Title: Chief Executive Officer
Date: 4th December 2050
For Duofort
Name: Floyd Cremin
Title: Chief Executive Officer
Date: 4th December 2050
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