Jople
New Contributor
User Power
Value/Post Ratio
3%
- Jun 17, 2010
- 37
- 1
I found this form in researching financiers, . .
And am wondering if you have ever seen or used one ?
Is this a generic form ?
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Joint Venture
To: The borrower.
Pursuant to your request and subsequent to all of our communications and conversations we are prepared to segregate $XXX Million US dollars for our upcoming JV Partnership between our group and yours, for the proposed transaction.
This proposal is based on the 100% satisfaction of your client. If they are not satisfied with our cash, accounts and our background, they take their money and go home.
We would be utilizing our accounts at ____ _____ __________. We are prepared to Joint Venture with you legally bringing our cash into your transaction. The account will be ours but through our JV Partnership you will be able to show that our (our partnership) group has the cash account you need. The cash will segregated by administrative hold verified by MT799. We can also add a transaction number generated by the verifying party to the MT799 further tying the cash to your transaction.
There will be a 1% escrow deposit required of your client.
Below is a step by step on how we can move forward.
1) If the required amount needed is $XXXM, we would need you to escrow 1%. We are prepared to segregate the XXXM by administrative hold verified by MT799. We would also include a transaction number generated from the trade in the MT799. So the money would be held in favor of that particular transaction.
2) I have included the escrow companies license number, insurance policy against fraud and their contact info.
3) I can set up a phone meeting with escrow for you to reach the necessary comfort level and ask the necessary questions of them.
4) When all your questions are answered, you will get your own individual account number from escrow, this you do not share with us until the appropriate time. You will create your own escrow instructions by sending
escrow a letter on your letterhead making several points
A) That this is your account and your account alone.
B) That you are expecting escrow instructions from Attny's Name and upon your approval of that document, no one has access to your escrow account. C) That you are giving escrow permission to verbally inform us that your money is there and we need to get you your escrow instructions for our deal as partners.
5) Escrow your 1%, authorize escrow to confirm with us that your deposit is there without sharing your account number with us.
6) We will then draft escrow instructions and the JV agreement for your review and approval.
7) When both sides agree, you give us your escrow account number, we add it to the escrow instructions and both parties execute.
8) We will then deliver you evidence of our accounts and our CIS. You will then have 3 days to find anything wrong with our cash or our background. If you do, you walk away with your money. We know you will not. We feel you will discover what we know, that we are the correct financial partner for your deal.
9) When you have come to the conclusion that we are the right partner for your deal we will deliver the JV agreement.
10) When you are satisfied with the JV Agreement, both parties will execute.
11) Once the JV is executed and you are satisfied with our cash, reputation and the JV Agreement that defines our partnership, you will release the 1% and we start transacting on your deal.
And am wondering if you have ever seen or used one ?
Is this a generic form ?
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Joint Venture
To: The borrower.
Pursuant to your request and subsequent to all of our communications and conversations we are prepared to segregate $XXX Million US dollars for our upcoming JV Partnership between our group and yours, for the proposed transaction.
This proposal is based on the 100% satisfaction of your client. If they are not satisfied with our cash, accounts and our background, they take their money and go home.
We would be utilizing our accounts at ____ _____ __________. We are prepared to Joint Venture with you legally bringing our cash into your transaction. The account will be ours but through our JV Partnership you will be able to show that our (our partnership) group has the cash account you need. The cash will segregated by administrative hold verified by MT799. We can also add a transaction number generated by the verifying party to the MT799 further tying the cash to your transaction.
There will be a 1% escrow deposit required of your client.
Below is a step by step on how we can move forward.
1) If the required amount needed is $XXXM, we would need you to escrow 1%. We are prepared to segregate the XXXM by administrative hold verified by MT799. We would also include a transaction number generated from the trade in the MT799. So the money would be held in favor of that particular transaction.
2) I have included the escrow companies license number, insurance policy against fraud and their contact info.
3) I can set up a phone meeting with escrow for you to reach the necessary comfort level and ask the necessary questions of them.
4) When all your questions are answered, you will get your own individual account number from escrow, this you do not share with us until the appropriate time. You will create your own escrow instructions by sending
escrow a letter on your letterhead making several points
A) That this is your account and your account alone.
B) That you are expecting escrow instructions from Attny's Name and upon your approval of that document, no one has access to your escrow account. C) That you are giving escrow permission to verbally inform us that your money is there and we need to get you your escrow instructions for our deal as partners.
5) Escrow your 1%, authorize escrow to confirm with us that your deposit is there without sharing your account number with us.
6) We will then draft escrow instructions and the JV agreement for your review and approval.
7) When both sides agree, you give us your escrow account number, we add it to the escrow instructions and both parties execute.
8) We will then deliver you evidence of our accounts and our CIS. You will then have 3 days to find anything wrong with our cash or our background. If you do, you walk away with your money. We know you will not. We feel you will discover what we know, that we are the correct financial partner for your deal.
9) When you have come to the conclusion that we are the right partner for your deal we will deliver the JV agreement.
10) When you are satisfied with the JV Agreement, both parties will execute.
11) Once the JV is executed and you are satisfied with our cash, reputation and the JV Agreement that defines our partnership, you will release the 1% and we start transacting on your deal.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
