Talk With Web Visitor — CLICK HERE for a live demo now | No partner shall transfer interest in the partnership to any other party without the written consent of the remaining partner s |
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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 | The difference between contacting someone within 5 minutes versus a half-hour means you could be converting up to 100X more leads today! Should there be differences between the partners concerning ordinary business matters, a decision shall be made by unanimous vote |
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.
30The partnership shall be conducted under the name of … and shall maintain offices at [STREET ADDRESS], [CITY, STATE, ZIP] | No partner shall receive a salary for services rendered to the partnership |
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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 |
Should the partnership be terminated by unanimous vote, the assets and cash of the partnership shall be used to pay all creditors, with the remaining amounts to be distributed to the partners according to their proportionate share.
9A 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 | CLICK HERE to try Talk With Web Visitor now |
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Each partner shall have equal rights to manage and control the partnership and its business |