PARTNERSHIP AGREEMENT 

This partnership agreement is made between ___________________ [Name of First Party] and _______________________ [Name of Second Party] on the month of _____________ day ____________ of the year ___________.

Personal Information [Intended for First Party]

Address: _________________ [City, State, Zip code]

Contact details: ______________________________

Personal Information [Intended for Second Party]

Address: _________________ [City, State, Zip code]

Contact details: ______________________________

Both parties respectively agreed for the following statements listed below:

A. NATURE OF BUSINESS:

*Both parties agreed to be united as partners in a business transaction that they have agreed upon for purpose:

______________________________________________________________________

B. BUSINESS NAME:

*The said partners stated above agreed that the name of the business to be conducted is ______________ to be located at __________________________ [City, State, Zip code].

C. DAY-TO-DAY OPERATIONS:

*The partners shall list the following day to day activities to be performed for their partnership business

_____________________________________________________________________

* The partners will receive equal contribution for running their partnership business and agreed for the percentage share that they will obtain. The table below will show for the partnership of both parties in conducting a business, their capital contribution and as to what they have agreed upon for the percent share.

Name of Partner Capital Contribution Agreed-Upon Cash % Share
       
       
       
       
       
       
       

*The partnership business shall maintain its capital of __________________ and the partners shall have their individual record of their account for the said business.

E. PROFIT AND LOSSES

*the business profits and losses will be equally shared by the partners in accordance to what they have agreed upon in terms of their schedule for running the business and at the end of the month based on the capital percentage contribution. For an instance, if a partner will take an extra part and over time in day to day operation for business, he will automatically given an extra income as salary of his services as part of the time formation agreement.

F. TERMINATION

*This partnership agreement settled by partners will be terminated for a period of _____________ years. However, this agreement can be renewed provided that there will be consent for both containing the same terms and conditions made.

G. DISPUTE

*The said partnership agreement will be governed by the laws of Sate of _________________ specific Act __________________ that will serve as mediator to decide if there is dispute happens among partners.

H. WITHDRAWAL/LOSS OF PARTNER

*If a partner decides to retire for any reason he/she has, the remaining partner can still continue running the business under the same name stated above. Provided that a retiring partner shall give notice of withdrawing within 60 days and the remaining partner will pay for the amount agreed as benefit that a retiring partner can receive.

I. NON-COMPETE AGREEMENT

It is not allowed that a withdrawing/ retiring partner for this business will be engaged in another business for competitive purposes.

IN WITNESS WHEREOF:

NAME                                           SIGNIATURE                                  DATE

___________________________     ___________________________        _______________

___________________________     ___________________________        _______________

___________________________     ___________________________        _______________

___________________________     ___________________________        _______________

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