A business partnership agreement can be initiated between the business organizations, entrepreneurs and new firms. Such an agreement contains information of the business to be commenced and contact information of business share holders.
Sample Business partnership agreement:
Partnership File Number: 234
This business partnership agreement is a legal commitment which is commenced on November 22nd, 2010 between the following organizations:
Name of the Organization: Rainbow marketing Organization Pvt. Ltd
Location: Plot No: 45/ D, Industrial Area- A, New York, America
PIN; (212) 589 7980
Phone Number: 6895 859 8493
Name of the Organization: Woodland Sales Industries Pvt. Ltd
Address: Office No: 56/ K, Wind- D, Near Bakers Street, New York, America
ZIP: (212) 689 6060
Phone Number: 6900 609 4839
Hereinafter together referred as “both partners”
In order to start a new Business:
Location: City: New York, State: America PIN: (212) 690 4839.
Category of the Business: Sales & Marketing
Underneath given are the covenants and terms to initiate the new business and to obey by both the partners:
Both the partners are agreed for the 50% partnership ratio, whereas the decision for investments, accounts and finance will be taken collectively.
Profit & Lasses:
As being partners, both the partners will share all the profits and losses.
This business partnership agreement will be considered as null & void if any miss-conduct and breach is recorded from any of the partners. In this case, the offensive party will make a payment of $ 6873 as the settlement allowance.