Agreement On Business Cooperation
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You and 6 other people concur to the offer, and a business agreements is drawn up. You will every place in $10,000, besides for John, who will substitute his experience and time for his contribution. The profit will be split similarly 7 ways. The $60,000 is probably adequate for the down payment, as nicely as the costs of closing, obtaining a study, and carrying expenses. If not, you have all agreed to lead $5,000 more if necessary.
