Inventor Looking for an Investor in Building a NEW type of :
FLYING CAR
madsflyingcars.com
It's Time.
Earn $100,000.00 by finding an Investor to help build this machine, see Rewards.
CONTRACT for INVESTOR
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This is the original and official contract between the Inventor and the Investor. The Inventor who is named John VanHorn is the sole owner and builder and patent pending holder and the inventing individual of this project and the Investor, is an individual or business that will supply only the monetary capability for building this machine or aircraft. Any involvement other than supplying the monies for this endeavor will be decided by the Inventor. All monies will be supplied by the Investor in a timely manor to the Inventor for a moderate salary to the Inventor on a monthly basis, all monies for the equipment and materials necessary for building the aircraft, all the necessary machining, engineering, engines, and gearbox work needed for completion, all of the rent or lease for the building to build such aircraft, all necessary aircraft or automobile parts to complete such aircraft or flying car, as well as all licenses, awards, fees, and certificates to finalize, drive and fly this vehicle. The Investor chosen for this endeavor has the right to decline involvement at any time and all involvement will be cancelled and nullified. All investment up to that time will be kept by the Inventor and not returned to the said Investor at the Investor's loss. All financial arrangements will be finalized in this contract agreement prior to signing. Proof of monies available by the Investor will be required prior to signing of the contract and is the responsibility of the Investor.
Stipulations:
1. Inventor is John Van Horn. The Investor is __________________________________.
2. Flying car may be referred to as flying car, vehicle, project, endeavor, venture, and or aircraft.
3. The Investor will be responsible for all monies in building this aircraft or flying car. This includes paying a stipend to the Inventor of $7,500.00 a month until the machine is completed (Approximately two years) and is functioning as well as purchasing all the required machines or devices to build this project. Investor is responsible for purchasing all the raw materials and finished products to complete said project. Investor is responsible for all engines, engine parts, beyond what the Inventor's already owns. Investor is responsible for all monies towards gearboxes made or bought. The Investor will also pay for all rentals, or leased property and utilities where this aircraft will be built. Investor is responsible for all fees, lessons, labor, awards and certificates to finalize the finished aircraft and the automobile portion of the vehicle or as stated in the initial paragraph above.
4. Monies are to be deposited or ready for use within a 24 hour period after being requested by the Inventor. Advise that all monies be placed into an account with the name of Investor and Inventor on the account under the Investor's name. With such an account, the Investor will be able to keep monies available for the Inventor as well as go online to follow and monitor the purchases by the Inventor.
5. The Investor has access to the Inventor's shop or place of construction of this aircraft for inspection, verification and identification. Access will be approved only when the Inventor is present. Any others accompanying Investor has to be approved by the Inventor, for security reasons.
6. There will always be unforeseen monies or situations that evolve in such ventures. These will always be discussed with the Investor, and ultimately, the Investor will be responsible for.
7. An initial start up sum of $60,000.00 will be granted to the Inventor for moving, housing, medical, travel, and leasing fees toward this endeavor by the Investor.
OPTIONS:
Option I. For the monies invested by the Investor, the Investor has the opportunity by the Inventor to have a second identical flying car built by the Inventor at the cost of the Investor for the Investor's participation.
Option II. For the monies invested by the Investor, the Investor has the opportunity by the Inventor to receive 0.5% of any royalties that the Inventor would receive from outsourcing and commercializing this project through any patents that have been approved by the United States of America Patent Office.
Option III. Option 3. is for the Individual who just wants to purchase a flying car. If that is all the Buyer wants, that Individual would be getting the second flying car ever built of this particular model by the Inventor. All negotiations, options, and price will be worked out between the Inventor and Buyer prior to the sell. If more than one buyer occurs, the higher bidder will always have the advantage, but the final decision will ultimately be by the Inventor.
CONDITIONS:
1. If patents do not transpire the Investor will have the option of having a flying car built at his expense for his investment into the project if Investor has chosen Option II.
2. If the Inventor has the ability to payback monies to the Investor, the Inventor will do so with interest to the Investor at anytime Inventor deems necessary with the resultant ending of all connections or contracts with the Investor.
3. If the Inventor's patents are approved by the U.S.P.O. (United States Patent Office), the Inventor will be asking for a 3.5% royalty for any commercially building or government building of this aircraft which Investor will be getting a 0.5% royalty per contract. If royalties change, this will be discussed and renegotiated with Investor.
4. If death of Investor occurs, contract becomes null and void, and Inventor keeps everything up to that point of time and/or whatever is allotted to Inventors at that time. A new contract with the significant other or partner or business partner(s) will be renegotiated within a fixed 30 day period.
5. In case of death of Inventor, the significant other or next immediate family member of John VanHorn (Bridget Ackerman) becomes 100% owner of all patents with the Investor remaining only the Investor as described above and having the option to renegotiate the contract if the Inheritor and the Investor deems necessary. If either declines, the venture is nullified with all ownership going to the remaining Inventor or the Inventor's current spouse or immediate family.
6. There will be no "ULTIMATUMS" by the Investor. This means the project will take the proper amount of time to finish and NO amount of demanding or threatening will change the proper time schedule to finish this project which will be determined by the Inventor. If these (Ultimatums) should occur, it will be at the discretion of the Inventor as to the recourse toward the Investor and his responsibility toward building of this flying car. This could be from no actions taken to complete resolution of the agreement between Inventor and the Investor.
7. There will always be unforeseen circumstances that will have to addressed by the Inventor when dealing with such a build. If any significant unforeseen circumstances involve the Investor, they will be discussed with the Investor prior to any design or financial changes involving this endeavor.
The wording, content, descriptions, and legality of this contract are that of the Inventor and subject solely to the Inventor's interpretation, only, and only after being explained and discussed with the Investor to the Investor's satisfaction by the Inventor. The contract is stated in a straight forward manner with no deception or maleficence implied. No legal loop-holes or entrapment is intended in this contract nor are they to be read into the contract by legal counsel for the Investor or subjected to the Inventor fr0m outside legal interpretation. Any and all legal conflicts, questions, legal consult or interpretations by lawyers or the courts will be paid in full by the Investor for the Inventor if involved in any such conflict after the signing of this contract.