CRAYFISH INVESTMENT AGREEMENT
This Investment Agreement is made and entered into on this ___ day of ___________,
2024, by and between:
1. Olayemi Abel Olamide (hereinafter referred to as "The Manager"), of Akamo Street,
Badeku, Ibadan, Oyo State, Phone Number: 08036084279; and
2. Odunayo David Oluwatobiloba (hereinafter referred to as "The Investor"), of No.
10, Eastwood Crescent, Kolapo Ishola, GRA, Ibadan, Oyo State, Phone Number:
________, Email Address: [email protected].
RECITALS
WHEREAS, The Manager is engaged in the business of crayfish supply and regularly
receives orders from buyers;
WHEREAS, The Investor desires to invest in The Manager's crayfish business to earn a
profit; and
WHEREAS, The parties wish to establish their mutual rights, obligations, and responsibilities
under this agreement;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein,
the parties agree as follows:
1. Investment Amount and Purpose
The Investor agrees to provide the sum of ₦__________ (the "Investment Amount") to The
Manager to facilitate the purchase and supply of crayfish based on confirmed orders from
buyers.
2. Profit Sharing
1. The net profit generated from the investment shall be shared as follows:
o The Investor: _____% of the net profit.
o The Manager: _____% of the net profit.
2. The net profit shall be calculated after deducting all reasonable business expenses
related to the crayfish supply operation.
3. Investment Duration
The duration of this investment agreement shall be for a period of ___ months from the date
of this agreement, subject to extension by mutual written consent of both parties.
4. Reporting and Transparency
The Manager agrees to provide regular updates to The Investor, including:
1. Detailed records of all orders, expenses, and profits.
2. Access to financial records related to the investment upon reasonable notice.
5. Return of Investment Amount
1. If The Manager fails to generate the agreed returns by the end of the investment
duration, The Manager shall refund the full Investment Amount to The Investor
within ___ days of the expiration of this agreement.
2. Any delay in refunding the Investment Amount shall attract a penalty of ____% per
month until full payment is made.
6. Dispute Resolution
1. Any disputes arising from this agreement shall first be resolved amicably through
negotiation between the parties.
2. If negotiation fails, disputes shall be referred to arbitration in accordance with the
Arbitration and Conciliation Act of Nigeria.
3. The seat of arbitration shall be Lagos State, and the language of arbitration shall be
English.
4. Any decision or award rendered by the arbitrator(s) shall be final and binding on the
parties.
7. Governing Law
This agreement shall be governed by and construed in accordance with the laws of Lagos
State, Nigeria.
8. Termination
1. This agreement may be terminated by mutual consent of both parties.
2. The agreement shall automatically terminate upon the successful refund of the
Investment Amount or the expiration of the investment duration with all obligations
fulfilled.
9. Miscellaneous
1. This agreement constitutes the entire understanding between the parties and
supersedes any prior agreements or understandings, whether written or oral.
2. Any modification or amendment to this agreement must be made in writing and
signed by both parties.
IN WITNESS WHEREOF, the parties have executed this agreement as of the date first
written above.
The Manager
______________________________
Olayemi Abel Olamide
(Signature & Date)
The Investor
______________________________
Odunayo David Oluwatobiloba
(Signature & Date)
Witness 1
Name:
_______________________
(Signature & Date)
Witness 2
Name:
_______________________
(Signature & Date)
