Simple contract. Any State. This partnership agreement is for 3 partners in a new partnership. It contains different levels of initial investment and continuing obligations and benefits derived from that initial investment. It seeks to keep the relative proportions of profit/loss/contibution/drawing of each partner the same as a set percentage throughout the life of the partnership. This often happens where an initial contribution, or an invention or a special expertise etc. requires a particular partner to be recognised throughout the life of the partnership. It deals with possible 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.
L-3105Partne_0.docPartnership agreement for 3 partners in a new partnership.
