A real estate partnership agreement contract is a formal document which specifies the clauses and the terms and conditions of a partnership between two real estate companies. Such a contract is formed to lay down the various terms and conditions to be followed by both the parties as long as the contract is effective. The contract also contains the details of the parties involved. Following given is a sample of real estate partnership agreement contract.
Sample Real Estate Partnership Agreement Contract
This real estate partnership agreement contract has been entered as on 12th December 2012
This contract has been formed by and between PARTY 1 and PARTY 2
Effective period of contract: 12 months
The details of the parties involved in this contract are as follows:
Name of the company: Greg Property builders Private Limited
Name of representative: Greg Black
Contact number: 47204940
Official address: 3-G, first floor, Marks tower, London
Name of the company: Mathew Jacobs Pvt Ltd
Name of representative: Mathew Jacobs
Contact number: 49824993
Official address: W-78, first floor, Paul tower, London
Details of Partnership:
Ratio of share in the partnership of PARTY1: PARTY 2 is 1:1
Terms and Conditions:
- Both the parties are equal partners in profits and losses which are incurred while they are conducting business together.
- PARTY 1 shall be responsible for acquiring clients and making business deals while PARTY 2 shall be responsible for handling and finances, accounts and recruitment of employees and workers.
- PARTY 1 and PARTY 2 are not allowed to share any information of the company with any third party or person.
- Legal action will be taken against the party who does not follow the given terms and conditions.
Signatures of the Parties: