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A Simple Partnership Agreement

Simple Partnership AgreementSimple Partnership Agreement

A Simple Partnership Agreement is necessary as a foundation of your business partnership.  A Simple Partnership Agreement ensures that your interests, and that of your partners, protected. Apart from reflecting clearly what business terms the partners agree on, a Partnership Agreement also provides guidance to mediate any disputes that may arise

 

 

A Simple Partnership Agreement that covers off all the essentials. Clauses cover:

  • Commencement
  • Place of business
  • Business Names
  • Retirement of partners
  • Equal shares
  • Capital
  • Further capital
  • Partnership Asset
  • Bank
  • Bank account
  • Outgoings and expenses
  • Net profits
  • Duties of partners
  • Execution of documents
  • Personal debts
  • Financial records
  • Annual and quarterly accounts
  • Dissolution of partnership
  • Death of partner
  • Assignment
  • Dispute resolution
  • Notices
  • SCHEDULE contains
    • Date of agreement
    • Parties
    • Commencement of partnership
    • Name of partnership
    • Address of partnership business
    • Description of partnership business

7 pages long.

 

 

 

 

KALDE & ASSOCIATES LAWYERS

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