Share Agreement Contract With Nike In Michigan

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

Description

The Share Agreement Contract with Nike in Michigan outlines the collaborative arrangement between two investors regarding the purchase of residential property. Key features include the details of the purchase price, the distribution of down payment responsibilities, and the formation of an equity-sharing venture. It delineates responsibilities, such as maintenance and utility payments, and outlines the financial structure for loans and profit sharing upon the sale of the property. The form also addresses contingencies, including death scenarios and dispute resolution through mandatory arbitration. Filling instructions emphasize the need for accurate property descriptions, investor details, and signatures, ensuring clarity for both parties. This document is particularly useful for attorneys, partners, and owners involved in real estate transactions, as it provides a legally binding framework for shared investment and profit distribution. Paralegals and legal assistants may use this form to facilitate property agreements and ensure compliance with local laws in Michigan.