TERMS & CONDITIONS FOR INVESTEE
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Purpose of Investment
The Investee shall utilize the funds solely for the purpose mentioned in the application and agreement.
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Return Obligation
The Investee agrees to pay returns to the Investor as per the agreed schedule, whether fixed, variable, or profit-based.
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Principal Repayment
The principal amount shall be repaid at the end of the tenure or as per the repayment terms agreed.
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Timely Payments
Delay in payment of returns or principal shall attract applicable penalties as specified in the agreement.
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No Misuse of Funds
Any diversion or misuse of funds shall be considered a material breach of this agreement.
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Disclosure & Transparency
The Investee shall provide truthful information regarding business performance when requested.
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Security / Guarantee (if applicable)
If any collateral or personal guarantee is provided, the Investee agrees to honour the same until full settlement.
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Early Closure
Early repayment may be allowed with prior written consent of the Investor.
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Termination
The Investor reserves the right to terminate the agreement in case of default, misrepresentation, or breach of terms.
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No Partnership Clause
This agreement does not create a partnership, joint venture, or employment relationship.
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Legal Compliance
The Investee shall comply with all applicable laws, taxes, and regulations.
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Confidentiality
All investment and business information shall remain confidential.
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Force Majeure
Neither party shall be liable for delays caused by circumstances beyond reasonable control.
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Governing Law
This agreement shall be governed by the laws of India.
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Jurisdiction
Any disputes arising out of this agreement shall be subject to the exclusive jurisdiction of the competent courts at Coimbatore, Tamil Nadu.
JURISDICTION CLAUSE:
This application and related agreement shall be governed by the laws of India and subject to the exclusive jurisdiction of the competent courts at Coimbatore, Tamil Nadu.