| The partnership shall be conducted under the name of … and shall maintain offices at [STREET ADDRESS], [CITY, STATE, ZIP] | Any disputes arising between the partners as a result of this Agreement shall be settled by arbitration in accordance with the rules of the American Arbitration Association and judgment upon the award rendered may be entered in any court having jurisdiction thereof |
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| No partner shall receive a salary for services rendered to the partnership | Talk With Web Visitor — CLICK HERE for a live demo now |
The partners listed above hereby agree that they shall be considered partners in business for the following purpose: … … 2.
| The remaining partner s shall pay the withdrawing or retiring partner, or to the legal representative of the deceased or disabled partner, the value of his interest in the partnership, or a the sum of his capital account, b any unpaid loans due him, c his proportionate share of accrued net profits remaining undistributed in his capital account, and d his interest in any prior agreed appreciation in the value of the partnership property over its book value | The difference between contacting someone within 5 minutes versus a half-hour means you could be converting up to 100X more leads today! A partner who retires or withdraws from the partnership shall not directly or indirectly engage in a business which is or which would be competitive with the existing or then anticipated business of the partnership for a period of …, in those… of this State where the partnership is currently doing or planning to do business |
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| The profits and losses of the partnership shall be divided by the partners according to a mutually agreeable schedule and at the end of each calendar year according to the proportions listed above | IN WITNESS WHEREOF, the partners have duly executed this Agreement on the day and year set forth here in above |
In the event a partner withdraws or retires from the partnership for any reason, including death, the remaining partners may continue to operate the partnership using the same name.