A Business development agreement drafted when an individual or a company wants to invest in the development of business of another individual or a company. These types of agreements include the details of both the parties and terms and conditions agreed between them.
Sample Business Development Agreement
This agreement is signed between the ENTERPRENUER and the INVBESTMENT COMPANY on 20th July 2011 and it will come in effect from 1st September 2011.
The duration of the agreement will be 18 months.
The investment company will make monetary investment in the client’s business and provide business development related professional advice and other necessary management assistance.
Details of the Client
Name: Simon Rendell
Contact Number: 48306901257
Business Details: the person owns a hardware-manufacturing unit.
Details of Investment Company
Name: Alex Rodrigs (United Investment and Financial Services Ltd.)
Contact Number: 4803976201
Terms and Conditions of agreement
The terms and conditions of this agreement are decided with the consideration of both sides and both have given their consent to follow the agreement for the above duration.
The investment company will provide $5000 as capital investment and get 2000 shares of the company. The investment company will also manage the financial documents and stock/equity related matters of client.
Business related any kind of strategic, financial and expansion related information would be kept confidential between both the parties. Violation of such confidence will be charged under the law.
If either of the party wants to come out of the agreement they will have to give a prior notice of 2 months.