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A partnership agreement including natural persons and family trusts as parties.

This agreement:
 May be adopted by an existing partnership that is already trading
 Family trusts of each partner are included as parties and may share in partnership profits. This allows maximum flexibility in terms of minimising tax and incoming distribution

 

 

Partnership Agreement Between TrusteesPartnership Agreement Between Trustees

A partnership agreement including natural persons and family trusts as parties.

This agreement:
 May be adopted by an existing partnership that is already trading
 Family trusts of each partner are included as parties and may share in partnership profits. This allows maximum flexibility in terms of minimising tax and incoming distribution

 

This Partnership Agreement Between Trustees Includes:-

  • 1. INTERPRETATION
  • DURATION
  • NAME NATURE AND CONDUCT OF BUSINESS
  • PRINCIPALS
  • PLACE OF BUSINESS
  • CAPITAL
  • GOODWILL
  • LOANS TO AND BY PARTNERS
  • SHARE OF PROFITS AND LOSSES
  • LEAVE ENTITLEMENTS
  • DUTIES OF PARTNERS
  • PROHIBITIONS OF PARTNERS AND PRINCIPAL
  • ACCOUNTS AND FINANCIAL RECORDS
  • ANNUAL ACCOUNTS
  • BANKING
  • INSURANCE
  • PARTNER LIABILITIES
  • ILLNESS AND INCAPACITY
  • PARTNERSHIP MEETINGS
  • ADMISSION OF NEW PARTNERS.
  • RETIREMENT
  • DEATH BANKRUPTCY AND INSOLVENCY OF A PARTNER
  • EXPULSION OF A PARTNER
  • RESTRAINT ON PRINCIPALS
  • SALE OF PARTNERSHIP INTERESTS/RIGHTS OF FIRST REFUSAL
  • MAJORITY SALE
  • CHANGE IN CONTROL OF PARTNER
  • AMENDMENT
  • DISSOLUTION
  •  ARBITRATION OF DISPUTES
  • NOTICES
  • SPECIAL RESOLUTION
  • FIRST SCHEDULE
  • SECOND SCHEDULE
  • THIRD SCHEDULE

 

 

 

 

 

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