Partnership agreement-constant review-3 partners-old p

Simple contract. Any State. This partnership agreement is for 3 partners who are seeking to formalise a partnership that has been going for many years with a new partnership agreement. It sets up the agreed levels of the individual partner's capital account at the moment of agreement and allows for these levels to be changed by mutual consent throughout the life of the partnership and for the balance on that account at the end of the period to dictate the percentage (share) of profits or losses to be appropriated by the partner for the period. This may happen when investment in the entrepreurial environment is considered to be the key to success, and the partnership is relying on one partner to provide more of this investment who therefore needs to be recognised. (When things settle down, or upon the retirement of the key investor etc., it may be replaced by one of the other styles.) It provides for the retirement of a partner but has little to say about death except some simple terms for dealing with the executor of the will and trustee of the deceased partner's estate.

Document: 
L-3102Partne_0.doc
Price: 
AUD $44.00
No. of pages: 
7

Partnership agreement is for 3 partners seeking to formalise a partnership that has been going for many years with a new partnership agreement.

Pay-per-Download - Free to members
Reference: 
L-3102