Contract agreement for a new company

Here is a sample contract agreement for a new company:

CONTRACT AGREEMENT

This Contract Agreement ("Agreement") is made and entered into on [DATE] ("Effective Date") by and between:

[COMPANY NAME] (the "Company"), a [STATE/PROVINCE] corporation with its principal place of business at [ADDRESS], and

[PARTNER/INVESTOR NAME] (the "Partner/Investor"), an individual with a principal place of business at [ADDRESS].

PURPOSE

The purpose of this Agreement is to establish the terms and conditions of the relationship between the Company and the Partner/Investor, including the rights and obligations of each party.

DEFINITIONS

For the purposes of this Agreement, the following terms shall have the following meanings:

• "Company" means [COMPANY NAME], a [STATE/PROVINCE] corporation.
• "Partner/Investor" means [PARTNER/INVESTOR NAME], an individual.
• "Equity" means the ownership interest in the Company held by the Partner/Investor.
• "Funds" means the amount of money invested by the Partner/Investor in the Company.

EQUITY INVESTMENT

The Partner/Investor agrees to invest [AMOUNT] in the Company in exchange for [PERCENTAGE]% equity in the Company. The Partner/Investor shall have no right to vote on the management of the Company, except as provided in this Agreement.

FUNDING

The Partner/Investor shall provide the Company with the Funds in accordance with the following schedule:

• [AMOUNT] shall be paid on the Effective Date.
• [AMOUNT] shall be paid on [DATE].
• [AMOUNT] shall be paid on [DATE].

RIGHTS AND OBLIGATIONS

The Partner/Investor shall have the following rights and obligations:

• The right to receive dividends and distributions from the Company, if and when declared by the Company's board of directors.
• The right to participate in the management of the Company, subject to the Company's bylaws and articles of incorporation.
• The obligation to provide the Company with the Funds as set forth in this Agreement.
• The obligation to comply with all applicable laws and regulations.

CONFIDENTIALITY

The Partner/Investor shall keep confidential all information and materials provided to it by the Company, including but not limited to financial information, business plans, and trade secrets.

INDEMNIFICATION

The Company shall indemnify and hold harmless the Partner/Investor against any and all claims, damages, and expenses arising out of or related to the Partner/Investor's investment in the Company.

TERM AND TERMINATION

The term of this Agreement shall commence on the Effective Date and shall continue until [DATE] ("Term"). The Agreement may be terminated by either party upon [NUMBER] days' written notice to the other party.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of [STATE/PROVINCE].

ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.

AMENDMENTS

This Agreement may not be amended or modified except in writing signed by both parties.

BINDING EFFECT

This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors, assigns, and personal representatives.

ACKNOWLEDGMENT

The parties acknowledge that they have read and understand this Agreement and agree to be bound by its terms.

IN WITNESS WHEREOF

The parties have executed this Agreement as of the date first above written.

COMPANY

By: Name: Title: ___

PARTNER/INVESTOR

By: Name: Title: ___

Date: ___

Note: This is a sample contract agreement and should be reviewed and customized to fit the specific needs and circumstances of your company. It is recommended that you consult with a lawyer or other qualified professional to ensure that the agreement is legally binding and enforceable.