I, the undersigned, have received the sum of $________
from ________________ (hereafter referred to as the
"Investing Partner"), to be used for business purposes.
I obligate myself to utilize these funds in a manner
which I believe will generate profits. Any profits
realized or losses sustained shall be shared equally
between the Investing Partner and myself.
Any claim of loss must be verified through the testimony of
two qualified witnesses in, and under conditions acceptable
to, an Orthodox Jewish court of law. Any claim regarding
the amount of profit generated by these funds shall be
verified under solemn oath, before and under conditions
acceptable to, an Orthodox Jewish court of law.
The amounts due hereunder, if any, to the investor shall
be payable monthly, on the first of every secular month. If
these profits are being paid in a timely manner, the return
of the sum invested herewith shall not be required until
there are no profits during any given month, the investor
shall be notified of this immediately.
It is specifically agreed that if I pay, to the Investing Partner,
the monthly sum of ______________ as payment for his share of
the profits which are generated, then I will not be required
to make an oath, nor will I be required to notify the investing
partner regarding the profits which were realized. Additional
profits, if any, shall be my sole property.
The Investing Partner shall be entitled to the presumption of
credibility in any claim regarding compliance of the terms herein.
This provision shall survive the termination of this Iska.
In the event that the monthly payment or notice which is required
herein is not given, the presumption shall be that the moneys
invested have continued to generate a profit equal to or greater
than the amount required by the monthly payment.
I have received one dollar from the Investing Partner as payment for
my services during the term of our partnership.2
In the event of any conflict between the terms of this Iska
agreement and the terms of any other agreement signed by the two
parties in regard to these funds, the terms of this agreement
This agreement shall follow the guidelines of Heter Iska as
explained in Sefer Bris Yehudah. It is agreed that
any dispute which may arise in connection with this agreement
shall be submitted before ________________.3
Judgement rendered by the aforesaid authority may be entered
in any court having jurisdiction thereof.
Signature of the Recipient ________________________
Signature of the Investor ________________________