This Bird Dog Joint Venture Agreement (the "Agreement") is entered into as of the date last signed, by and between the Bird Dog submitting a deal through The RV Park Blueprint and The RV Park Blueprint / Lance Riggen (the "Buyer"). Collectively referred to herein as the "Parties."
The purpose of this Agreement is to define the terms under which the Bird Dog will source, identify, and facilitate potential RV Park or Mobile Home Park acquisition opportunities on behalf of the Buyer, and to establish the compensation and obligations of both Parties in connection with any resulting transaction.
Upon identifying a potential acquisition target, the Bird Dog shall submit the property to the Buyer in writing, including at minimum:
Submission of the above information constitutes a formal lead submission under this Agreement. The Buyer shall acknowledge receipt in writing within a reasonable number of business days.
The Bird Dog agrees that sourcing and submitting a lead alone does not constitute fulfillment of duties under this Agreement. The Bird Dog shall actively participate in the facilitation of the transaction to the best of their ability, including but not limited to:
The Bird Dog shall conduct all activities in a professional manner consistent with applicable real estate laws and regulations in their state of operation.
The Buyer agrees to perform to the best of their ability in connection with any lead submitted under this Agreement, including:
The Buyer is not obligated to pursue any submitted lead and retains full discretion to pass on any opportunity. No compensation is owed on leads that do not result in a closed transaction.
In consideration for the Bird Dog's sourcing and facilitation services, the Buyer agrees to pay the Bird Dog a flat referral fee as mutually agreed upon at the time of lead submission and confirmed in writing by both Parties.
No compensation shall be earned or owed if the transaction does not close for any reason, including but not limited to buyer withdrawal, seller default, failed due diligence, or financing contingencies.
This Agreement shall remain in effect for a period of twelve (12) months from the date of execution, unless terminated earlier by mutual written agreement of the Parties.
If a lead is submitted by the Bird Dog during the term of this Agreement and a transaction on that property closes within twelve (12) months of the lead submission date, the Bird Dog shall be entitled to the compensation set forth in Section 6, regardless of whether this Agreement has otherwise expired.
Lead protection is property-specific. The Bird Dog must have been the first to submit the specific property to the Buyer in writing to be eligible for compensation on that property.
The Buyer agrees not to circumvent the Bird Dog by directly contacting or negotiating with any seller introduced by the Bird Dog in a manner intended to exclude the Bird Dog from compensation under this Agreement. This obligation survives the expiration or termination of this Agreement for a period of twelve (12) months with respect to any property submitted during the term.
Both Parties agree to keep the terms of this Agreement and any non-public information shared in connection with submitted leads confidential. Neither Party shall disclose seller contact information, deal terms, or financial details to any third party without the written consent of the other Party, except as required by law.
The Bird Dog is an independent contractor and not an employee, agent, or partner of the Buyer. Nothing in this Agreement shall be construed to create an employment relationship, partnership, or joint venture beyond the scope of this specific transaction arrangement. The Bird Dog is solely responsible for any applicable taxes on compensation received under this Agreement.
The Parties acknowledge that bird dog activities may be subject to state-specific real estate licensing requirements. The Bird Dog represents that they are operating in compliance with all applicable laws and regulations in their state. The Buyer makes no representation regarding the legality of bird dog arrangements in any particular state and encourages the Bird Dog to seek independent legal counsel if uncertain.
This Agreement shall be governed by the laws of the State of Texas. Any dispute arising under this Agreement shall first be submitted to good-faith mediation before either Party may pursue legal action. The prevailing Party in any legal proceeding shall be entitled to recover reasonable attorney's fees.
This Agreement constitutes the entire agreement between the Parties with respect to its subject matter and supersedes all prior discussions, representations, or agreements, whether written or oral. This Agreement may only be amended by a written instrument signed by both Parties.
This document is a template for informational purposes. Parties are encouraged to seek independent legal counsel prior to execution. By submitting a deal through The RV Park Blueprint, you acknowledge that you have read and agree to the terms outlined above.