Partnership Agreement

General confederacy Agreement This partnership agreement is do on this the __________ day of __________, 20__ by and in the midst of ___________________________________________ and _______________________________________________________. 1. Partnership Name, reputation of Business, and brain Office The name of the partnership shall be _______________________________________. The personality of the partnership channel shall be_______________________________. The principal office of the partnership line of reasoning shall be rigid at the following address: ____________________________________________________________________ 2. Partnership Duration The partnership shall come out on the employment of the carrying out of this agreement, and shall continue until terminated as permitted under the term and conditions of this agreement. 3. Capital Contributions Each partner mustiness contribute $50,000 in cash to the partnership upon execution of this agreeme nt. A sieve roof account shall be maintained for individually partner. For the duration of the partnerships existence, neither partner shall choose any packet of his or her outstanding contribution. 4. Interest on Capital Contributions No interest shall be paid on any hood 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 breadstuff pay of the partnership shall be dealt out as between the partners and the net losings shall be borne equally by them, with distributively partner receiving cubic decimetre 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 n o credit balance in his income account, loss! es shall be charged to his capital...If you motivation to get a well(p) essay, order it on our website: BestEssayCheap.com

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