This is an example of an Deed of Partnership...this type of partnership may be needed when a partnership is formed to prevent dispute between partners
Date Submitted: 04/23/2002 04:24:26
Category: / Business & Economy / Economics
Length: 1 pages (367 words)
Category: / Business & Economy / Economics
Length: 1 pages (367 words)
Deed of Partnership
This deed of partnership is made on 19th of November 2003
Business: Lighting Carwash
Between:
Peter Jazwinski and Patrick Sharp and Jake Cho
The partners agree to the following terms and conditions:
Operative Clause
The partners agree that they become and remain partners on the terms and conditions on this deed and the Partnership act 1890 will apply unless stated by the deed
Capital Contribution
Mr. Jazwinski has agreed contribute $500 HKD worth of capital …
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…Jazwinski will get 45% of the profit since he contributed the most capital. Mr. Cho will get 30% of the profit although he has contributed the same amount as Mr. Sharp he has more duties on the business and has also agreed to take on unlimited liability of the business. Mr. Sharp will get 25% of the profit made.
EXECUTED BY PARTNERS AS A DEED ON 19th November 2003
______________________ _________________________
______________________
PETER JAZWINSKI PATRICK SHARP JAKE CHO
____________________________
WITNESS: LAWYER JOHN GOODING
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