Equity Share Purchase With Bitcoin In Cook

• Category: Real Estate - Contracts - Equity
• State: Multi-State
• County: Cook
• Control #: US-00036DR
• Format: Word; Rich Text

Description

The Equity Share Agreement is a contract designed for the purchase of a residential property between two investors, referred to as Investor Alpha and Investor Beta. This agreement outlines the terms of the equity sharing venture, including the purchase price, down payments, financing details, and the percentage of ownership held by each party. It specifies that Beta will reside in the property while both parties are responsible for maintenance, taxes, and distribution of proceeds upon sale, encouraging cooperation in property value appreciation. The agreement also includes clauses for loans between parties, succession in the event of death, mandatory arbitration for disputes, and provisions for modification and severability of terms. This form serves as a valuable tool for attorneys, partners, business owners, associates, paralegals, and legal assistants looking to formalize equitable ownership arrangements in property investments, particularly in the context of using bitcoin for transactions in Cook County. Users are guided on filling out the form, with sections dedicated to party identification, financial contributions, and terms of governance.