I. OVERVIEW
This document is make intended investors understand the terms and conditions FarmChiefs Ltd. shall work with her investors in undertaking crop and animal farm projects. It shall not contradict the modus operandi of specific farm produce project.

II. COMMENCEMENT DATE:
The commencement date of each farm unit shall be within the period stated publicly by FarmChiefs Ltd. and it will be personalized based on dates each investor fulfills their financial obligations.

III. NATURE OF BUSINESS:
FarmChiefs Ltd. is committed to crop and animal agricultural production and farm produce processing. Unless otherwise stated, investors shall be involved in the process of agricultural production.

IV. LOCATION:
Farms owned and leased to FarmChiefs are currently located in Oyo State, South-West Nigeria. The management of FarmChiefs Ltd reserves the rights to choose which farms to acquire or rent and where to expand to.

V. INVESTMENT:
The investor shall invest the amount declared for a farm unit in, at most, two installments in a period of 6weeks. Commitment to a farm is judged by completion of an investment intent form, an initial payment of at least 50% of the investment fee and a signed agreement form.

Upon completion of the specified farming period, the client is free to decide continued participation. A farm period is officially completed one month after maturation, one month after harvest or when the management declares the farm period closed.

The client’s investment shall not be used to take out loans or accrue any debt to keep the farm in business. A re-assessment of the farm expenditures shall be done prior to the onset of the farming season. Farm needs are subject to change and such changes shall be captured at the beginning or at the end of the farming period of the particular crop or animal.

VI. PROFITS & LOSSES:
Profits for clients are based on an initially agreed Return on Investment (ROI). Such ROI are amenable to change at the discretion of the management of FarmChiefs and must be appropriately divulged to the client only at the onset of the farming period. Payment of initial investment and return on investment shall be paid within one month of completion of the farm.
Losses accruable shall be spread between the management of the FarmChiefs and land owners.

VII. LEAVING COMPANY:
A client is allowed to leave free at the end of the farming period of the client’s produce of interest.
In a situation in which the client has fulfilled his/her financial obligations and requests to leave before the end of the farming period, no refunds shall be granted. However, investments and returns shall be paid at the earlier planned period.
In a situation in which the client has not fulfilled his/her financial obligations and requests to leave before the end of the farming season, no refunds shall be granted. Return on investment shall not be granted in such a case.
In cases of dispute and the partnership is not working, we will use the following process:
1) We will try to resolve the issue first among ourselves through internal discussion.
2) We will bring the issue to a professional mediator if (1) above fails.

VIII. INTEREST PAYMENTS:
Interest payments shall be done within one month after harvest or completion of farming period.
IX. DECISION MAKING:
Decisions on all aspects of the farming period, from land preparation to harvest and its corollary in animal husbandry, are within the discretion of the management of FarmChiefs.
X. REINVESTMENT OF PROFITS
This is at the sole discretion of the client.
XI. WHAT HAPPENS IF MORE MONEY THAN ENVISAGED ARE MADE?
The decision on the extra money shall be under the prerogative of management of FarmChiefs.

XII. WHAT HAPPENS IF THE PARTNERS NEED TO REINVEST MORE MONEY DURING THE FARM PERIOD?
Increasing investment funds is allowed only within the scheduled payment period and upon request from FarmChiefs. Reducing investment is not permitted after an agreement has been signed.

XII. WHAT IF MORE TIME IS NEEDED FOR MATURATION OF THE FARM PRODUCE?
FarmChiefs must have duly kept the client abreast of all the developments on the farm. Upon obtaining consent from the client, a declaration on the new date of the farm period shall be made.

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