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personal Agreements

Allocation Agreement

November 23, 2011 by agri in personal Agreements with 0 Comments
The Allocation Agreement is a type of allocation of funds contract made between two parties; one of whom is the Trustee of the company while the other is the Trustee of the third party involved in ensuring that the fund allocated to them is used for resources specified. The Allocation Agreement mostly caters to revenue or expense allocations.

You can Download the Free Allocation Agreement customize it according to your needs and Print. Allocation Agreement is either in MS Word, Excel or in PDF.

Sample allocation agreement

Allocation Agreement

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This agreement is made between the Company Trustee and the Third Party Trustee on the effective date of 09th November, 2011.

Company Trustee represented by

Mr. Jacob Stew

Address: 3950 Austin Peay Hwy, Memphis, TN 38128

Contact number: (901) 385-8588

Third Party Trustee represented by:

Mr. David Statham

Address: 7525 Winchester Rd, Memphis, TN 38125

Contact number: (901) 302-9853

Duration of contract: 1 year

Terms and Conditions:

  1. Expenses attributable to the salaries of Third Party personnel performing services in accordance to the Allocation Agreement shall be paid for by the Company Trustee to the Third Party Trustee based on the time such personnel spent on providing the services as mentioned in the Allocation Agreement.
  2. Expenses attributable to travel, use of vehicle, gas, and repairs of vehicle used by personnel of the Third Party Trustee shall be paid for by the Company Trustee to the Third Party Trustee based on the time such personnel spent on providing the services as mentioned in the Allocation Agreement.
  3. This Allocation Agreement may be terminated, in part or in whole, on no less than 30 days notice in writing by any of the parties.

This Allocation Agreement shall be effective for a term of one year, beginning 09 November 2011 It shall automatically renew for successive one year terms unless terminated.

SIGNED BY COMPANY TRUSTEE:

…………………………………………………………….

Name:

SIGNED BY THIRD PARTY TRUSTEE:

…………………………………………………………….

Name:


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