Partnership Agreement

General coalition Agreement This confederacy agreement is do on this the __________ day of __________, 20__ by and surrounded by ___________________________________________ and _______________________________________________________. 1. Partnership Name, constitution of Business, and brain Office The name of the partnership shall be _______________________________________. The character of the partnership channel shall be_______________________________. The principal office of the partnership telephone circuit 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 footing 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 great(p) account shall be maintained for individually partner. For the duration of the partnerships existence, neither partner shall choose any piece of his or her not bad(p) contribution. 4.

Interest on Capital Contributions No interest shall be paid on any enceinte 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 losses sh all be borne equally by them, with individu! ally partner receiving fifty 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 dependable essay, order it on our website: BestEssayCheap.com

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