A commercial partnership agreement is a document drafted when two individuals enter into a partnership to carry out a commercial business venture. The details mentioned in the agreement include the ratio or percentage in which both the parties will be sharing profits and losses and the agreement also acts as documentary evidence in case of any misunderstanding arising between both the parties in the future.
Sample Commercial Partnership Agreement
This commercial partnership agreement has been drafted as on this date of 20th of April 2011 between Roy Cooper residing at:
47 Jockey High Road
New York, New Jersey 5214.
And Harry John residing at:
47 Aspen High Road
New York, New Jersey 5272
To produce cotton garments under the partnership business name Roy & Harry Limited with office address located at:
78 John Lee Road
New York, New Jersey 5284
As per the agreement:
Both the parties will be sharing profit and loss on an equal percentage.
In case either of the parties is found involved in any fraudulent activity, the other party can cancel the contract.
All the decisions in the business should have the mutual consent of both the partners.