Partnership Agreement

General confederation Agreement This union agreement is do on this the __________ day of __________, 20__ by and amongst ___________________________________________ and _______________________________________________________. 1. Partnership Name, character of Business, and brain Office The name of the partnership shall be _______________________________________. The disposition of the partnership channel shall be_______________________________. The principal office of the partnership work shall be rigid at the following address: ____________________________________________________________________ 2. Partnership Duration The partnership shall come out on the run into of the carrying out of this agreement, and shall continue until terminated as permitted under the basis and conditions of this agreement. 3. Capital Contributions Each partner mustiness contribute $50,000 in cash to the partnership upon execution of this agreement. A sieve working bully account shall be maintained for individually partner. For the duration of the partnerships existence, neither partner shall choose any particle of his or her majuscule contribution. 4.

Interest on Capital Contributions No interest shall be paid on any capital contributions to the partnership, including initial capital contributions made upon execution of this agreement, and subsequent capital contributions made after execution of this agreement. 5. benefit and Loss Allocations The scribble pay of the partnership shall be dealt out as between the partners and the net losings shall be borne equally by them, with severally partner receiving ! cardinal percent (50%) of the net profits of the partnership, and fifty percent (50%) of the net losses. A furcate income account shall be maintained for each partner. Partnership profits and losses shall be charged or imputeed to the separate income account of each partner. If a partner has no credit balance in his income account, losses shall be charged to his capital...If you motivation to get a adequate essay, order it on our website: BestEssayCheap.com

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