Beruflich Dokumente
Kultur Dokumente
1. INTRODUCTORY
The parties to this agreement,______________,herein after referred to as the
first party, and_Mr.Noufal_________, herein after referred to as the second
party, and both herein after referred to as partners, and hereby do form, a
partnership pursuant to this agreement, on the terms and conditions
subsequently set forth.
WHEREAS
C. Of the total 100% share with the first party, 85% share has to be
given to the second party, thereto.
3. The first party releases the rights or all rights if any over the schedule
mentioned property to and infavour of the “Second Party”. Hereto,
the Power of Attorney shall be provided to the second party, by the
first party, of the Establishment.
4. The second party shall be provided with the power to manage the
day-to-day activities in the establishment.
5. The first party shall have no interest In the Gross profit of the
business in the establishment.
6. The first party has only interests in the Net profit of the business of
the establishment.
9. That the jurisdiction for the purpose of approaching the court of law
will be the court of the Sharjah Emirate.
10. The parties do hereby declare and undertake that this deed will be
irrevocable and they do hereby abide by the terms and conditions of
this deed ever and the law in particular.
2. DEFINITIONS
2.1 In the business agreement, except where there is a specific provision to the
contrary, each of the expression sets out below shall bear the meaning ascribed
to the below:-
“Business” means the business of trading Dosa.
“Consideration” is the sum of money from the Net profit paid by the second
party to the first party.
‘Net profit” is the amount of money that is left after subtracting the total
business expenses from your total revenue.
4.NOTICES
All notices exchanged between both the parties during the term of this agreement, hereto,
shall be in written format.
5.Distribution of Share
6. ANNUAL AUDIT
The second party shall conduct a complete and thorough AUDIT of all accounts, records,
and books of the Establishment on a yearly basis.
7.JURISDICTION
Each party irrevocably agrees that the courts of the emirate of Sharjah, shall have exclusive
jurisdiction to settle any dispute or claim arising out of or in connection with the deed or it’s
subject-matter or formation.
___________________(signature)
SYED ZAFAR RAZA SYED ARIF RAZA
___________________(signature)
NOUFAL MAMMASRAYILLATH
In the presence of witness:
Name_______(signature)__________
Nmae________(signature)_________