Does Indian law allow to create notarized contracts of guaranteed income on an investment?
One person I met last week offered me a business proposition. He is involved in FX trading, property buying/selling etc. He offered me monthly guaranteed returns on an investment of 1 Lakh. He sent me the below draft. can you please guide me to write a legal draft to atleast protect my capital investment and ask for the capital amount anytime with a notice period of 90 days? Thanks
Investment Management Agreement
The parties to this investment management agreement are A and B
Client hereby contracts with A for A to manage and supervise clients assets.
III. Clients responsibility
Client shall co-operate with A In providing information requested by A to assist A in determining clients
investment goals and financial objectives and/or otherwise in carrying out the purpose of the agreement
In exchange of A’s services, client shall pay A on a monthly basis.
On an investment of ____ by Party B, Party A assures ______ as monthly profit. As a demonstration of good faith, if
for any reason Party B wishes to receive a refund of fees paid during the immediately preceding , Party B shall be
entitled to such refund upon written request sent to Party A. Party A shall be entitled to 90 days to pay the refund
requested. This offer to refund does not constitute a guarantee of performance of any investment.
Executed this ____________ day of _________________, 2013