Agreement Between Three Partners

LawDepot`s partnership agreement allows you to create a complementary commercial company. A complementary company is a business structure involving two or more complementary companies that have created a profit business. Each partner is equally responsible for the debt and obligations of the company as well as the shares of the other partner. For example, standard state rules often hold that each partner has an equal share of the partnership, although they may have contributed to different sums of money, property, or times. If you want something other than the norm, this contract allows you to fairly distribute the gains and losses among the partners, according to the contributions of each partner or according to your own percentages. This partnership agreement (the contract) is entered into and entered into on the [day] of [month], [year], by and between [PART 1], in the name of [Company], [ADDRESS] and [PART 2], in the name of [Company], [ADDRESS]. Also note that the obligation to ensure ownership of the partnership extends to assets held on behalf of a fiduciary partner for the partnership. Voting may be taken in three possible ways: unless the current shareholders decide to liquidate the transaction in accordance with Article 18, this clause determines the period within which the outgoing shareholder must pay his share of the capital. If one of the partners leaves, the others may decide to initiate the operation instead of paying for the outgoing partner`s share, and clause 18 covers this eventuality. . .

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