Agreement between a Bare Trustee (Nominee) and an Owner of Property, pursuant to which the Nominee agrees to hold the Property as Bare Trustee for the Owner
Details:
Agreement between a Bare Trustee (Nominee) and an Owner of Property, pursuant to which the Nominee agrees to hold the Property as Bare Trustee for the Owner.
Form Outline:
Nominee Agreement
THIS AGREEMENT made as of between (the "Nominee") and (the "Owner").
WHEREAS the Owner is the sole...;
AND WHEREAS it has been agreed between the Nominee and the Owner...
NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises and the mutual covenants, conditions and agreements herein contained, and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby covenant and agree as follows:
1. The Nominee hereby acknowledges, declares, covenants and agrees that:
(a) the Nominee will hold...
(b) the Nominee otherwise....; and
(c) all other attributes of the beneficial...
2. The Nominee covenants and agrees, subject to...
3. The Nominee shall enter into, and execute and deliver...
4. The Nominee acknowledges, declares, covenants and agrees that...
5. The Nominee shall promptly deliver...
6. The Nominee shall promptly transmit...
7. The Owner acknowledges, declares, covenants and agrees that...
8. The Owner hereby releases the Nominee from...
9. It is understood and agreed between the parties hereto that...
10. Each of the parties hereto covenants that...
11. This Agreement shall be construed in...
12. This Agreement shall be binding...
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
Schedule "A" Legal Description
