AIPC Acquiring & Buy Back Agreement
This Agreement between the Seller and the Acquirer identified herein below, entered into on this ____________ day of _______ 20____ governs the purchase of Adroit Intellectual Property Cells as introduced and offered on http://aipc.drivingdreams.in/ as also its buy back guarantee to the Acquirer by its Seller: Adroit In Media Private Limited.
Identification of Parties hereto:
The Seller: Adroit In Media Pvt. Ltd. is registered Company with Corporate Identification Number is (CIN) U74300MH2004PTC147985 and its registration number is 147985, having its registered address at: A-1/101, RAUNAK PARK, POKHARAN ROAD NO.2 THANE (WEST), THANE - Maharashtra 400610 INDIA , Email: firstname.lastname@example.org ; Website: drivingdreams.in Contact no. 022 - 21732038 / 09820998399 / 09920998399
The seller is represented by its Authorized Representative Ms. Sonu Sumeet Sharma who will execute this agreement on behalf of the Company.
The Acquirer: Company or Individual (Strike off what is not applicable)
Each Acquirer of Adroit Intellectual Property Cells gets the right to benefit from the value appreciation of the Adroit Intellectual Property Cells pursuant to its buy back by the seller after completion of stipulated time periods mentioned herein below.
This is explained below via an example:
The Following examples outline two case studies one for an investment of Rs. 60,000.00
Following will be the value appreciation of an investment of Rs. 60,000.00 if invested through acquiring AIPC's (Adroit Intellectual Property Cells)?
The Acquirer will buy the AIPC's for a frozen period of 30 years during which the Seller will be exclusively entrusted with the nurturing and growth appreciation of the AIPC's
The Acquirer will have the following time options at which point in time he/she can sell back the entire AIPC's acquired by him/her for respective value appreciations at that point of time...
✔ Any time before 5 years = ZERO Value appreciation.., the Acquirer will get back only Rs. 60,000.00 (Rs. 60 thousand) that he/she invested.
✔On Completion of 5 yrs and anytime up to 10 Years = @ 15% per anum value appreciation for 5 Years, the Investor (Acquirer) will get back total Rs. 105,000.00
Comparison: keeping the same money in a saving bank account which gives 8% p.a, the Acquirer would have appreciated his/her money to only Rs. 84,000.00 , therefore by acquiring and investing in AIPC’s the Acquirer grows his investment by Rs. 21,000.00 as compared to having kept the money in a savings bank account . (105,000.00 – 84,000.00)
Note: (In case the acquirer does not sell on completion of 5 years then he/she will have to wait for completion of 10 years to be eligible for benefiting with higher value appreciation, otherwise he/she will only get value appreciation as applicable on completion of 5 years. So even if the acquirer wants to sell back on completion of 9 years he/she will get back only Rs. 105,000.00)…,
Having kept the same amount in the bank at 8% in 9 years the acquirer would have appreciated his/her money to Rs. 103,200.00 which is still less than Rs. 105,000.00 which he/she would benefit if acquired AIPC’s and kept for just 5 years.., On completion of 10 years the Acquirer will be eligible for 18% value appreciation and therefore if the Acquirer waits for completion of 10 years he/she would get back on the sale of the acquired AIPC’s Rs. 168,000.00 as opposed to Rs. 108,000.00 which he/she would have got from the bank.
…and likewise for all the following time periods mentioned below.
✔If the Acquirer waits for completion of 10 yrs and anytime up to 15 Yrs = 18% per anum value appreciation for 10 Years, the Investor (Acquirer) will get back total Rs. 168,000.00
✔If the Acquirer waits for completion of 15 yrs and anytime up to 20 Yrs = 21% per anum value appreciation for 15 Years, the Investor (Acquirer) will get back total Rs. 2,49,000.00
✔If the Acquirer waits for completion of 20 yrs and anytime up to 30 Yrs = 25% per anum value appreciation for 20 Years, the Investor (Acquirer) will get back total Rs.3,60,000.00
✔On Completion of 30 yrs = 30% value appreciation, the Investor (Acquirer) will get back total Rs.6,00,000.00 (Rs. 6 laks)
The acquirer will have to buy the AIPC’s in one single instalment to be eligible for the above explained value appreciation.
If the acquirer wishes to avail of an equated monthly instalment option, it is possible only for investments in acquiring AIPC’s of value Rs. 600,000.00 or above and which are compulsorily frozen for the maximum period of 30 Years for their value appreciation.
Therefore an Acquirer can pay an equated monthly instalment of Rs. 10,000.00 for 60 months (5 Years) amounting to Rs. 6 laks and then will have to wait for completion of 30 years for the AIPC’s growth and maturity, The Acquirer in this instance will at the completion of 30 year period benefit from the same value appreciation of 30% as explained above.
In case of any default in equated monthly instalment payment the Acquirer will be just refunded the amount paid by him/her till the default episode without any value appreciation whatsoever.
NOW based on the above terms and conditions which are well understood and agreed upon, the Acquirer named above agrees to buy AIPC’s worth:
Payment made in one single instalment.
Duty of Buy Back Intimation and compliance is of the seller, the Seller on completion of above mentioned stipulated time period guarantees to offer to Buy back the entire AIPC's at respective value appreciation as explained above.
CONTINUING RIGHTS OF SELLER:
The Acquirer is solely acquiring the AIPCs to benefit from their value appreciation pursuant to its buy back guarantee by the Seller, The acquirer cannot use in any manner whatsoever these Intellectual Properties listed and updated on http://aipc.drivingdreams.in/ .
SUCCESSORS AND ASSIGNS.
All references in this Agreement to the Parties shall be deemed to include, as applicable, a reference to their respective successors and assigns. The provisions of this Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of the Parties.
NO IMPLIED WAIVER.
The failure of either Party to insist on strict performance of any covenant or obligation under this Agreement, regardless of the length of time for which such failure continues, shall not be deemed a waiver of such Party’s right to demand strict compliance in the future. No consent or waiver, express or implied, to or of any breach or default in the performance of any obligation under this Agreement shall constitute a consent or waiver to or of any other breach or default in the performance of the same or any other obligation.
Any notice or other communication provided for herein or given here-under to a Party hereto shall be in writing by email.
This Agreement shall be governed by the laws of the State of Maharashtra India. In the event that litigation results from or arises out of this Agreement or the performance thereof, the Parties agree to reimburse the prevailing Party’s reasonable attorneys’ fees, court costs, and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing Party may be entitled.
Whenever possible, each provision of this Agreement, will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal, or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality, or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed, and enforced in such jurisdiction as if such invalid, illegal, or unenforceable provisions had never been contained herein.
We offer only one currency choice: Indian Rupees, The buyback will be in the same currency in which the acquirer purchased the AIPCs
This Agreement, constitutes the final, complete, and exclusive statement of the agreement of the Parties with respect to the subject matter hereof.
In signing this agreement the parties hereto agree to the entire agreement above.
Ms. Sonu Sharma
Adroit In Media Pvt. Ltd.