A Partnership agreement contract is an official document which is initiated by the two parties who are willing to share the profits & losses in the business or trade. Such a contract is based on the legitimate commitments, official covenants and sharing of profits & losses.
Sample Partnership Agreement Contract:
Partnership contract number: PC/890
Date: December 23rd, 2010
This partnership agreement contract is made and entered between Eagles sales companies Pvt. Ltd, Address: Office Number; 78, Wing- D, Arcade Plaza, and Spencer Street, Toronto, Canada, hereinafter referred as the partner 1.
Rainbow Sales companies Pvt. Ltd., address: plot no: 12, industrial Area- A, Bakers Street, Toronto, Canada, hereinafter referred as the partner 2. Together are referred as “both the partners”
Whereas, both the partners are interested to commence the partnership relationship for the trade and are willing to share the profits and losses together
This partnership contract is beginning on December 24th, 2010 and is terminating on December 24th, 2011.
Term & covenants for surviving the partnership agreement contract are mentioned as followings:
Both the partners will share sales business profits and losses with 50% ratio. Hence, both the partners will invest equal amount in the partnership.
Division of official terms:
Both the partners will be responsible for taking the partnership decisions such as administration and accounts, etc.
Termination of the contract:
If any violation is recorded to the above mentioned covenants, the partnership agreement contract will be treated as terminated.
Acceptance of the partnership agreement contract:
Signed by the partner1:
Singed by the Partner 2:
Signed by the witness: