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
Title: 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
Category: /Business & Economy/Economics
Details: Words: 367 | Pages: 1 (approximately 235 words/page)
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
Category: /Business & Economy/Economics
Details: Words: 367 | Pages: 1 (approximately 235 words/page)
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