Chapter 305 Formal Signing of Cooperation Agreement
Formal signing of Chapter 305 Cooperation Agreement
After the formal meeting, the lawyers of the two sides exchanged pleasantries for a few minutes, and then, as the lawyer representing Austin and Peipei, Simon took out a pre-drawn model cooperation agreement and handed it to Matt Edelman, the lawyer representing the Brown Bear Tribe.
Matt Erdman had already learned the basic content of the cooperation from the Eagles in advance, and for this reason, he also prepared a template of the cooperation agreement in advance according to the oral expression of the Eagles.
Matt Edman smiled and took the template of the cooperation agreement handed over by the other party's lawyer, then confidently and strongly handed over the template of the cooperation agreement he had drafted, and then smiled imposingly: "This is the terms of the cooperation agreement that I drafted according to the requirements of my client, I think it is necessary for both of us to check whether there is any disputed content in the terms of the two cooperation agreements, and then negotiate for all the disputed terms, modify or remark!" What do you think? ”
Semen and Dougal glanced at each other, then both smiled and nodded at the young lawyer, who looked like a fledgling, and then Semen reached out and took the sample cooperation agreement from the other party.
In the following time, the lawyer representatives of both sides began to carefully check the model cooperation agreement in their hands.
The atmosphere in the office was suddenly quiet.
The eagle led the two young men of the tribe and sat together on the sofa in the corner.
The three of them were very nervous at this time, especially the eagle. As a representative of the tribe, the emotion on his face at this time was extremely obvious.
I saw that he was holding the coffee cup in his hand with a cramped face at this time, and he looked up at the lawyer on his side frequently with anxiety and restlessness.
Pei Pei clearly felt the eagle's nervousness at the moment, so she let go of Austin's arm and moved to sit next to the eagle.
Then, while patting the other person's arm, she smiled and comforted the other party: "Don't be too nervous! The terms and conditions of the agreement have been reviewed and approved by me, and the basic terms are guaranteed to be consistent with what was negotiated with the old chief last time! ”
The eagle turned his head to Pei Pei with a grateful smile, then took a deep breath and let his feelings gradually slow down.
About half an hour later. Attorneys on both sides have read the sample agreement in their respective hands. What are the clauses in the template drawn up by the other party that are disputed with their own template, and the lawyer representatives of both sides also have a rough idea in their hearts.
Truth be told, the underlying terms of both model agreements are not controversial. Austin's lawyer also deliberately did not deliberately make some tricks such as text traps in the text of the clause because of the boss's special advice in advance.
Disputed issues arising from the two agreements. It is nothing more than the following two points:
One. The issue of shareholding in the reserved land after a discount of 20%.
The controversy of this article lies in: The terms of the attorneys for Austin and Peipei did not specify whether the shares were subscribed for at the original share price or at a premium based on the market value.
Two. The Board of Management is responsible for the development of tax policies and the distribution of tax revenues for all properties in the reserve.
The conditions given by the lawyer representatives of Austin and Peipei are that after the implementation of the various industrial investments in the reserved area, they can enjoy the tax exemption policy for the first five years, and after five years, the tax will be distributed according to the proportion of equity held by the interests of each party.
On the other hand, Matt Erdman, the lawyer representing the Brown Bear Tribe, did not accept this clause, and he only agreed that the gambling and lottery businesses in the reservation area could enjoy permanent tax exemption according to the federal government's regulations, but all other industries must pay the corresponding taxes according to the provisions of the pre-established tax policy of the reserve.
The formulation of taxes must also draw up a rough range in advance, such as corporate income tax, sales tax, real estate tax, etc., and a rough tax ratio must be drawn up in advance, which is allowed to be slightly lower than the tax ratio of the same taxes drawn up by the state government, but the reduction rate cannot exceed two percentage points.
Then there's the issue of the distribution of taxes between the Board of Management and the Brown Bear Tribe over all properties on the reservation.
Matt Edelman's request was that an accurate distribution must be drawn up beforehand, and that the Brown Bear tribe should have at least 50 percent of the tax distribution.
Next, in response to these two disputes, the lawyer representatives on both sides began to sit down and start a war of words, trying to obtain the most favorable terms and conditions for their respective parties.
When it comes to a disputed clause, the respective counsel will consult with their own clients before engaging in intense negotiations with the opposing party's lawyers.
More than three hours have passed since the beginning of this negotiation.
Finally, at a quarter past five in the afternoon, the lawyer representatives of the two sides finally reached an agreement on the terms of cooperation.
Matt Edman, the lawyer invited by the brown bear tribe, is really a bit of a newborn calf who is not afraid of tigers, of course, the premise is that Peipei secretly signaled some concessions, which made this cooperation agreement finally meet the interests and needs of both parties and reach a satisfactory agreement.
The final solution to the disputed content of these two clauses is as follows:
First, the condition for the purchase of the reserved land after a discount of 20% is a premium subscription of two percentage points of the original share price.
In other words, when Pei Pei wholly acquired the real estate company from the Hercules Group, and after the capital injection by Pei Pei and Austin, the original stock price was worth 10 million per share, and the premium of 2 percentage points was the subscription price of 12 million per share.
2. All industries in the reserve area are entitled to a three-year tax exemption policy.
After three years, the collection of taxes, such as corporate income tax, sales tax, real estate tax, etc., will be reduced by three percentage points on the basis of the equivalent tax ratios established by the state government.
In addition, a solution was also discussed on the issue of the distribution of tax revenue between the Brown Bear Tribe and the Governing Council, which would each have a 50% share of the tax distribution. As for how the various stakeholders within the management committee should distribute the fifty percent of the tax, the Brown Bear Tribe will not question it.
This controversy was successfully resolved on the premise that Pei Pei secretly used her divine sense to help.
Pei Pei had already thought about how to make up for her own losses in advance, whether it was Mercodor or the interest partners behind the Democratic Party, these people were all the objects she was now gearing up to use her divine sense to do tricks.
As long as the time comes to pester Austin to take her to talk about cooperation, biting a piece of interest from these people is a problem that can be easily solved by spending a little bit of consciousness for Pei Pei, a guy who has a golden finger and can cheat.
In this way, after an afternoon of consultation and negotiation, the parties and the lawyers of both parties finally signed the names of both parties on the final draft of the confidential cooperation agreement in line with the interests of both parties.
The next follow-up plan can finally be officially launched step by step (to be continued......
PS: Today's two chapters are a total of 4,500 words, but after they are opened, they become more than 2,200 words per chapter, and each chapter is charged at 2,000 words. Ask for all kinds of tickets and tips!