Posted by John Merchant on October 03, 2006 at 23:40:40:
Chris
For any agreement as important to you and the investor, the only way to do this is to have your lawyer draft the agreement with the terms and provisions you and the REI agree to.
You and the lawyer would first discuss exactly what terms you think you want, the lawyer would perhaps change a thing or two to make it more workable, then he’d draft the agreement for you.
Such an agreement would be much stronger than one you and the REI might try to do alone, and its terms would be more carefully thought out and written.
Of course, when you have the first such agreement, you might continue to use it on other deals, just changing the names and details to suit other deals.