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Company Partnership Agreement

Company Partnership Agreement  

Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states the (1) nature of the business, (2) capital contributed by each partner, and (3) their rights and responsibilities. … Also called agreement of partnership.

 

 

A Company Partnership Agreement is a Deed establishing a partnership between two companies. Includes clauses covering:

  • Interpretation
  • Commencement and term
  • Premises
  • Capital, assets ,profits/losses
  • Drawings
  • Expenses
  • Bank account
  • Lawyers and Accountants
  • Books and accounts
  • Annual accounts
  • Decisions and acts of the Partners
  • Insurance
  • Duties of the Partners
  • Restrictions on Partners
  • Dispute resolution
  • Winding up of the Partnership
  • Notices
  • Proper law
  • Waivers
  • Cumulative Rights
  • Further Assurances
  • Severability
  • Guarantee and Indemnity

13 pages long.

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