CRYPTO CURRENCY INVESTMENT- Why you need a CryptoCurrency Investment Agreement. Here's an Agreement Contract for every CryptoCurrency Investor (Stay Protected)
A lot of people are into CryptoCurrency but the sad thing is they use Brokers without any Agreement or understanding between them. Well that can be pretty bad if things go south, your Money will be gone and you will really be pained.
What happens when the broker you hired to manage your investment is misbehaving because you didn't have any structure when starting the investment.
Here's a sample Agreement for any Crypto Investor, It was drafted from the scratch by me and any user is free to make edits.
CRYPTO CURRENCY ICO INVESTMENT AGREEMENT
This Crypto Currency Agreement (the "Agreement") is made and effective this [DATE],
BETWEEN: [MANAGER NAME] (herein referred to as “Manager”) a Manager existing under the laws of the [PROVINCE/STATE] with its head office located at: [COMPLETE ADDRESS]
AND: [INVESTOR NAME], (the “Investor”) an individual under the laws of the United State with main address at: [COMPLETE ADDRESS].
RECITALS.
WHEREAS, Manager wants to invest in Crypto currency called [NAME] initial coin offering (ICO)
WHEREAS, The Investor wishes to invest in Crypto Currency through Manager upon the terms set forth in this Agreement.
WHERAS, Investor understands that this investment shall be a long term investment
WHEREAS, The Investor meets the definition of investor and all necessary requirements to invest with Manager.
NOW, THEREFORE, in consideration of the foregoing recitals and mutual agreements herein contained, and for other good and valuable consideration, adequacy of which is hereby acknowledged, the Parties agree as follows
PURPOSE OF THE AGREEMENT
This Agreement is intended to set out the rights, duties and obligations of the Investor and of the Manager with respect to the investment which the Investor is to make in Crypto Currency Initial Coin Offering. Manager shall use investments made to generate profit for investor to their best knowledge.TERMS
Upon signing this Agreement, Investor Acknowledges and agrees to the following terms.
a) Manager does not guarantee return on Investment made, subject to market conditions.
b) As stated above in the Recitals, this Investment Agreement shall be a long term Investment and invested funds shall be held in funding account for the period of 12 months (1 year).
c) Should the price of the Crypto ICO’s price remain the same or drops, a 5% fee shall be deducted from the total money invested by investor.
d) Should the price of Crypto ICO’s price goes and makes a profit not greater than 5% of the Money invested, A 5% fee shall be deducted from the total Money invested and gained.
e) Should the price of Crypto ICO’s price goes up and makes a profit greater than 5% of the original Money invested, All profits gained shall remain in the fund account managed by Manager.
f) Upon the effect of Section 2 (e) above, Investors shall only get their Original investment Money back.
g) Profit to be remitted to investor shall be determined by the Manager which shall be the percentage of the amount invested by a particular investor divided by the total amount of the invested fund.
h) Manager will provide monthly statements of the USD amount of current holdings.DURATION
This Agreement shall be binding for a minimum period of 12 months and shall be continuous until desired profit level is reached by Manager in the interest of Investor.
DUTIES OF THE INVESTOR
The Investor undertakes to:
a. Deposit the Amount or any part of the Amount to Invest with the Manager, no later than [NUMBER] days after the signing this Agreement.
b. Disclose to the Manager the following personal information: name, sex, date of birth, permanent address, home telephone number, citizenship, as well as a document certifying his identity.TERMINATION OF CONTRACT
Either party may terminate this contract at any time by supplying a written notice of termination on a specified date to the other party, with at least thirty [NUMBER] month prior to the stated date of termination. Should Investor terminate this contract prior to the expiration of the term, Investor will forfeit any profit received.
- ENTIRE AGREEMENT
This Agreement contains the entire agreement between the parties relating to the rights herein granted and the obligations herein assumed. Any oral representations or modifications concerning this Agreement shall be of no force and effect excepting a subsequent modification in writing signed by all panics hereto.
- NOTICE
Each party agrees to provide to the other party written notice in the event of a change of address
or change in ownership. All notices given pursuant to this Agreement shall be in writing and shall be given in person, by overnight courier, or by mail (registered or certified mail, postage
prepaid, return-receipt requested) to their respective address.
- TIME IS OF THE ESSENCE
Time is of the essence with respect to each provision of this Agreement. Failure on the part of
any party hereto to complain of any act or failure to act, of the other party, or to declare the other
party in default hereunder, regardless of how long such failure continues, shall not constitute a
waiver of the rights of such party hereunder.
ATTORNEY’S FEES
1f any legal action is necessary or if a lawyer is retained to enforce this Agreement, the prevailing Party shall be entitled to reasonable attorney’s fees in addition to any other relief to which that Party may be entitled.AMENDMENTS
This Agreement may be amended by the Parties only by a written agreement. This agreement supersedes all other discussions, promises either written or oral and shall be binding with both parties
- APPLICABLE LAW
IN WITNESS WHEREOF, the undersigned authorized representatives of the parties have executed this Agreement as of the Effective Date.
MANAGER. INVESTOR
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title
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