This memorandum of understanding outlines an agreement between Mohlesh N Darji and Khistariya Kajalben Keshubhai for an investment and return. Party 2 agrees to invest INR 4 lakhs via cheque to Party 1 for trading purposes. In return, Party 1 agrees to pay Party 2 INR 80,000 monthly for 12 months starting 30 days after the investment clears. If Party 1 fails to make payments, the amount owed can be decided verbally. The agreement is void if the initial cheque is not cleared.
This memorandum of understanding outlines an agreement between Mohlesh N Darji and Khistariya Kajalben Keshubhai for an investment and return. Party 2 agrees to invest INR 4 lakhs via cheque to Party 1 for trading purposes. In return, Party 1 agrees to pay Party 2 INR 80,000 monthly for 12 months starting 30 days after the investment clears. If Party 1 fails to make payments, the amount owed can be decided verbally. The agreement is void if the initial cheque is not cleared.
This memorandum of understanding outlines an agreement between Mohlesh N Darji and Khistariya Kajalben Keshubhai for an investment and return. Party 2 agrees to invest INR 4 lakhs via cheque to Party 1 for trading purposes. In return, Party 1 agrees to pay Party 2 INR 80,000 monthly for 12 months starting 30 days after the investment clears. If Party 1 fails to make payments, the amount owed can be decided verbally. The agreement is void if the initial cheque is not cleared.
This is a mutual understanding between two parties for
trading business and ROI (Return of Investment) for same as committed below.
Party 1 referred as MohleshN Darji.
Party 2 referred as Khistariya Kajalben Keshubhai.
1. Party2 has agreed to pay the sum of amount INR 4 lakhs
{RS.400000} by Cheque no 000017 of HDFC bank Memnagar branch Ahmedabad in favor of Mr. Mohlesh Darji dated 21 st July 2022. 2. In return Party1 has abided to pay the sum amount of INR (Rs.80000) monthly after 30 days of an investment till 12 months. Start date will be considered as soon as an instrument get cleared in bank account. 3. Amount invested by Party2 is for trading purpose and cannot claim an investment amount here after and will only be liable to get the sum of amount Rs. 80000 till 12 months. 4. In case of party1 failing to pay committed amount to party2 shall repay with interest as can be verbally mutually decided between two parties. 5. In Case of cheque not getting cleared this MOU shall stand forfeit and no claims can be considered by any means. (2)
Above mentioned are the terms & conditions decided
between two parties and in case of conflict it is subject to Ahmedabad Jurisdiction.