PARTNERSHIP DEED BETWEEN COMPANIES
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Product Description
Partnership Deed between Companies
A partnership Deed in which each partner is a company.
This Partnership Deed:
- Includes a director’s guarantee for each partner company
- Each guarantor is appointed to act exclusively on behalf of the company he or she guarantees
- Each guarantor also guarantees the performance of its respective company in relation to the other partners in the partnership
CONTENTS
- 1Â Â Â Â Â Â Â Â Â Interpretation
- 2Â Â Â Â Â Â Â Â Â Commencement and term
- 3Â Â Â Â Â Â Â Â Â Premises
- 4Â Â Â Â Â Â Â Â Â Capital, assets and profits/losses of the partnership
- 5Â Â Â Â Â Â Â Â Â Drawings
- 6Â Â Â Â Â Â Â Â Â Expenses
- 7Â Â Â Â Â Â Â Â Â Bank account
- 8Â Â Â Â Â Â Â Â Â Lawyers and Accountants
- 9Â Â Â Â Â Â Â Â Â Books and accounts
- 10Â Â Â Â Â Â Annual accounts
- 11Â Â Â Â Â Â Decisions and acts of the Partners
- 12Â Â Â Â Â Â Insurance
- 13Â Â Â Â Â Â Duties of the Partners
- 14Â Â Â Â Â Â Restrictions on Partners
- 15Â Â Â Â Â Â Dispute resolution
- 16Â Â Â Â Â Â Winding up of the Partnership
- 17Â Â Â Â Â Â Notices
- 18Â Â Â Â Â Â Proper law
- 19Â Â Â Â Â Â Waivers
- 20Â Â Â Â Â Â Cumulative Rights
- 21Â Â Â Â Â Â Further Assurances
- 22Â Â Â Â Â Â Severability
- 23Â Â Â Â Â Â Guarantee and Indemnity
This Partnership Agreement between two Companies is :
- 14 PAGES
Includes GST
Suitable for Use
Pages
PARTNERSHIPS
The following guide is intended as a basic overview and not a detailed treatment of the topic of partnership.
Overview
It is not necessary to have a written agreement for a partnership to come into existence. The existence of a partnership can be inferred from the facts or the conduct of its members.
Relevant law
The law of partnerships is contained in the common law and the various Partnership Acts in each state. The various Partnership Acts listed below are all relatively short and are designed to work together with the common law. The state acts are similar and they are mainly statutory consolidations of the common law and equitable rules. The content of the Acts should be read together with common law principles or equitable rules that have come into existence after the time the various Partnership Acts were passed.
The law of partnership, therefore, is not just what is contained in the Acts. Partnership law in its current form is an amalgamation of statute, common law and equity.
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