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Nominee Agreement

PandaTip: The table in the template below should be used to list any properties or holdings that the nominee will have authority over.

Violation of any terms or conditions listed above may result in termination of this agreement in its entirety. Shareholder may cancel this nominee agreement to their discretion at any time without prior notification. The nominee must notify the shareholder of intent to cancel no later than 15 days prior to cancellation date.

 

Property Description
   

Designation of Nominee

Upon signing this contract the Owner grants the Nominee the ability to act as their agent and nominee, to hold the title of the Designated Properties at the sole benifit of the owner, as well as act with respect to the Designated Properties solely pursuant to Owner’s specific authorization. furthermore the Nominee is in acceptance to all terms listed below and in complete understanding of this agreement.

Payment

PandaTip: Use the template’s pricing table to outline any retainers or monthly fees that will be paid to the Nominee.

Nominee is under no obligation to front funds for the owner during any point of this agreement term.

Owner will reimburse the Nominee for any costs occurring out of pocket relating directly this nominee agreement.

Promptly upon Nominee’s receipt of any proceeds received in direct correlation this agreement, nominee will produce said funds to the owner without delay.

Upon said receipt of funds Nominee will have no more than 5 days to produce funds to the owner.

Terms and Conditions

PandaTip: The terms and conditions of this nominee agreement template state the roles and responsibilities of the parties involved, and define any legal limitations related to the nominee agreement.

Both parties are in agreement to the terms set forth as follows,

  • Nominee will act in the best interest of the owner at all times during the term of this agreement.
  • The authority granted to Nominee pertaining to this Agreement is intended to provide solely for the Nominee to hold title to the Designated Properties for the benefit of Owner.
  • Owner is the rightful owner of all listed property with no dues, liens, or withholdings due at the time of [Agreement.Date].
  • Nominee agree to accept responsibility for any charges incurred during the nominees ownership of the property.
  • However Nominee shall incur no liability to any person in regards to the property and shall, at the owners expense, account to Owner for all sums received with respect to the Real Property.
  • Nominee may upon the request of Owner,act as a third party individual in the response to any notification received.
  • Owner shall be the sole responder in the care of negotiation or payment of any desired funds.
  • Nominee hereby states he has no beneficial interest in the mentioned property and will at no point or time transfer ownership of the property to any person not mentioned in this Nominee agreement.
  • Any and all attributes to the beneficial ownership of the property will remain that of the owner during the length of this Nominee agreement.
  • Nominee will under no circumstances withhold important information from the owner. and upon owners request shall produce any and all legal, or financial documents for the owner to view.
  • Owner shall furnish any and all documents to the nominee for the fulfillment of this nominee agreement.
  • Any gains from the property shall remain that of the owner, furthermore the nominee agrees to deliver any funds pertaining to the property to the owner no later than 10 days from delivery of said funds.
  • Nominee shall promptly deliver to Owner all items included in this agreement with respect to the Real Property.
  • Owner acknowledges, declares, covenants and agrees that he shall be responsible for all encumbrances, charges, costs, expenses, losses, damages, claims, demands and liabilities in any way connected with or related to the Direct Nominee will have no obligations to the above fees and shall be deemed not responsible for such.
  • The Nominee shall not be held responsible for any and all liabilities that are that of any act or agreement of the owner prior to the signing of this nominee agreement.
  • Both parties are in understanding this nominee agreement is in no way a partnership or employment opportunity to either party involved.
  • Any disputes arising out of or relating to this nominee agreement shall be conducted under the state laws of [Owner.State] as agreed between parties.

Confidentiality

PandaTip: Nominees often have access to critical and proprietary information. This section of the template governs the use of that information by the Nominee.

With respect to all non-public information regarding both parties agree to keep all information they are privy too private and confidential except under the following conditions.

  • The Nominee is unable to perform tasks assigned without the sharing of information
  • Either party provides written notice allowing the sharing of information
  • Either party has been supenead by court and legally required to share information

Any breaches in this confidentiality by terms not stated above is grounds for termination of this agreement.

Termination

PandaTip: Once the template is customized, both parties may sign this nominee agreement electronically. PandaDoc e-signatures are legally binding and court admissible.

Violation of any terms or conditions listed above may result in termination of this agreement in its entirety. Shareholder may cancel this nominee agreement to their discretion at any time without prior notification. The nominee must notify the shareholder of intent to cancel no later than 15 days prior to cancellation date.

Nominee Agreement Template