A restaurant business partnership agreement is a written document which is made when two parties agree to run the restaurant business on partnership basis. Such agreements are based upon a number of terms and conditions which are legally binding in nature and form for the involved parties.
Sample Restaurant Business Partnership Agreement:
This partnership agreement has been made on 1st May 2011 and shall remain into effect for 12 months from effective date.
Termination date of agreement: 1st May 2011
The following are the parties of the agreements and are together known as PARTNERS in the restaurant business
Name: Mr. Paul Hedrick
Address: 12-H, martins corner, LA
Contact number: 44704403284
Name: Mr. Tommy Riddle
Address: 5-K, second floor, Hunter’s street, LA
Contact number: 473094309870
Address: 12-k, south piazza, LA
Name: Paul and Riddle’s.
Duties of partner 1:
Management of employees
Handling business operations
Duties of partner 2:
Accounts and finance
Staff and menu operations
Terms and conditions:
Both the partners shall be equally entitled to both the profit as well as the loss borne by the restaurant.
The partner can interfere peacefully in the duties of the other partner but only till a certain limit and not in an illegal or offensive manner.
The partners can switch duties amongst themselves.
The partnership shall be immediately terminated if any one of the partners violates the terms of this agreement.