Thursday, July 1, 2010

Standard Partnership Agreement

Name of the partnership
Purpose of the business
Domicile of the business
Duration of the partnership
Names of the partners and their legal addresses
Contribution of each partner to the business, at the certain of the partnership and later
Agreements on how the profits or losses will be distributed
Agreement salaries, drawing rights against profits for each partner
Procedure of expansion through the addition of new partners
IF the partners voluntarily dissolve the partnership how will the partnership’s assets be distributed?
Sale of partnership interest
Dissolution of the partnership
Alteration or modifications of the partnership agreement


When no partnership agreement exist, the Uniform Partnership Act governs a partnership

No comments:

Post a Comment