JV Partner has provided a lead to James Webb Co. LLC for the purpose of real estate investing. Should this lead result in a successfully closed real estate transaction then JV Partner & James Webb Co. LLC shall split the net profits 50%/50%.
JV Partner understands that James Webb Co. LLC works with various transaction coordinating companies and reserve the right to contact the seller and all parties involved in this transaction.
JV Partner understands there are risks associated with this stratagy and agrees to indemnify James Webb Co. LLC and/or anyone affiliated with James Webb Co. LLC in the event of a lawsuit or claim resulting from negligance, bad faith and/or misconduct. This agreement is not intended nor shall be construed as a general partnership, principal/agent, or employer/employee aragement. Both parties shall be responsable for filing the required tax forms for reporting the profits or losses for this venture.
By entering into this Agreement, JV Partner agrees to allow James Webb Co. LLC the exclusive right to market the property by any means it deems necessary for up to 20 business days after this JV request is approved.