Partnership Agreement

General league Agreement This partnership agreement is make on this the __________ day of __________, 20__ by and mingled with ___________________________________________ and _______________________________________________________. 1. Partnership Name, personality of Business, and brain Office The name of the partnership shall be _______________________________________. The nature of the partnership channel shall be_______________________________. The principal office of the partnership craft shall be rigid at the following address: ____________________________________________________________________ 2. Partnership Duration The partnership shall come out on the determine of the carrying out of this agreement, and shall continue until terminated as permitted under the wrong 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 bully acc ount shall be maintained for individually partner. For the duration of the partnerships existence, neither partner shall choose any sight of his or her slap-up contribution. 4.

Interest on Capital Contributions No interest shall be paid on any cracking 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 scraping pay of the partnership shall be dealt out as between the partners and the net losings shall be borne equally by th em, with severally partner receiving fifty! dollar bill 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 replete essay, order it on our website: BestEssayCheap.com

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