Beruflich Dokumente
Kultur Dokumente
of
That we, Neil Ayson Dennis Suarez, single, and Daryl Bansilan Empuerto,
single , and Jayson Dumdum Suarez, single, all Filipinos, of legal ages, and
residents of Makati City, Philippines, have on this day, covenanted to
establish a partnership, in accordance with the laws of the Republic of the
Philippines;
1. That the names and addresses of the respective partners are as follows:
Name/Address
_______________________
_____________ ______________
_____________ ______________
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3. That the capital of this partnership shall be Seventy Five Thousand Pesos
Only (₱75,000.00), Philippine Currency, broken down, in contributions, as
follows:
_____________ P_____________
_____________ P_____________
_____________ P_____________
The partnership shall maintain a capital account record for each partner;
should any partner's capital account fall below the agreed to amount, then
that partner shall (1) have his share of partnership profits then due and
payable applied instead to his capital account; and (2) pay any deficiency to
the partnership if his share of partnership profits is not yet due and payable
or, if it is, his share is insufficient to cancel the deficiency.
5. The partners shall provide their best efforts on behalf of the partnership.
No partner shall receive a salary for services rendered to the partnership.
Each partner shall have equal rights to manage and control the partnership
and its business. Should there be differences between the partners
concerning ordinary business matters, a decision shall be made by
unanimous vote. Without the consent of the other partner neither partner
shall on behalf of the partnership borrow or lend money, or make, deliver, or
accept any commercial paper, or execute any mortgage, security agreement,
bond, or lease, or purchase or contract to purchase, or sell or contract to sell
any property for or of the partnership other than the type of property bought
and sold in the regular course of its business.
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6. That the profits and losses shall be divided among the partners pro rata,
in proportion to their respective contributions.
8. 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. A withdrawing partner shall be obligated
to give a month (30) days' prior written notice of (his/her) intention to
withdraw or retire and shall be obligated to sell (his/her) interest in the
partnership. The partnership may be dissolved at any time by agreement of
the partners, in which event the partners shall proceed with reasonable
promptness to liquidate the business of the partnership. The partnership
name shall be sold with the other assets of the business. The assets of the
partnership business shall be used and distributed in the following order: (a)
to pay or provide for the payment of all partnership liabilities and liquidating
expenses and obligations; (b) to equalize the income accounts of the
partners; (c) to discharge the balance of the income accounts of the
partners; (d) to equalize the capital accounts of the partners; and (e) to
discharge the balance of the capital accounts of the partners.
______________________
______________________
______________________
____________________________________
(ACKNOWLEDGMENT)
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