PARTNERSHIP AGREEMENT
This Partnership Agreement is made on
__________________20___ Between _______________ and ____________________.
1. Name and Business.
The parties hereby agree to form a partnership to operate a business known as
_______________.
The principal office of the business shall be at _______________________.
2. Term.
The partnership shall begin on _____________-, and shall continue until terminated as
herein provided.
3. Share.
The partnership shall be owned in the ratio shares of 65:35, with both parties having the
ratioed rights to the business management.
4. Payment.
The parties agree that any payments made shall be done in cryptocurrency.
5. Profit and Loss.
The partnership’s net profits shall be divided at 65:35 between the partners, and the net
losses shall be borne at 65:35 by them.
6. Interest.
No interest shall be paid on the initial contributions to the partnership’s capital or any
subsequent capital contributions.
7. Management Duties and Restrictions.
The partners shall have 65:35 rights in the management of the partnership business, and
each partner shall devote their time to the company’s conduct. Without the consent of the
other partner, neither partner shall, on behalf of the partnership, borrow or lend money, or
make, deliver, or accept any commercial paper, or execute any mortgage, security
agreement, bond, lease, or purchase or contract to purchase or sell or contract to sell any
property for or of the partnership other than the type of property bought and sold in the
regular course of its business.
8. Banking.
All partnership funds shall be deposited in its name in such checking account or accounts as
shall be designated by the partners. All withdrawals are to be made upon checks signed by
either partner.
9. Termination.
The partnership may be dissolved at any time by agreement of the partners, in which the
partners shall proceed with reasonable promptness to liquidate the business of the
partnership.
The partnership name shall be sold with the other assets of the business. The assets of the
partnership business shall be used and distributed in the following order:
a. To pay or provide for the payment of all partnership liabilities and liquidating
expenses and obligations;
b. To equalize the income accounts of the partners;
c. To discharge the balance of the income accounts of the partners;
d. To equalize the capital accounts of the partners; and
e. To discharge the balance of the capital accounts of the partners.
The partnership may also be terminated in the event there is a lack of work or effort from
either partner.
10. Death.
Upon the death of either partner, the surviving partner shall have the right to purchase the
deceased’s interest in the partnership or terminate and liquidate the partnership business.
11. Dispute Resolution.
Any controversy or claim arising out of or relating to this Agreement, or the breach thereof,
shall be settled by arbitration in accordance with the rules, and judgment upon the award
rendered may be entered in any court having jurisdiction thereof.
12. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to the
Laws of The United Kingdom.
13. Waiver.
The waiver by either party of the breach of any covenant or provision in this Agreement shall
not operate or be construed as a waiver of any subsequent breach by either party.
14. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, this Agreement will remain in full
force and effect and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum extent
necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if such
invalid or unenforceable provision(s) were not a part of this Agreement.
15. Amendment of Agreement.
This agreement cannot be amended without the written consent of all partners.
IN WITNESS WHEREOF, the partners hereunto set their signatures and acknowledged this
Agreement as the date first above written.
__________________________________
_
Signature:
_____________________________
Date: ______________________________
Email Address: _____________________
__________________________________
_
Signature:
_____________________________
Date:
_________________________________
Email Address: _____________________
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