Form No. 218-Agreement To Form Partnership
Form No. 218-Agreement To Form Partnership
WITNESSETH THAT:
FOR AND IN CONSIDERATION of the mutual promises of the
prospective partners, the parties herein agreed to form a partnership
for the purpose of establishing a Tabsilogan eatery.
PARTNERSHIP AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
WITNESSETH THAT:
ARTICLE TWO
TERMINATION
When the partnership ends or terminated, any unfinished
business shall be finished and wound up by Atty. Samantha E. Baksik or
under her supervision and direction. She shall receive reasonable
compensation for these services, and shall be reimbursed for the
expenses of performing them. The books and records of the partnership
shall be retained by and be the property of Atty. Samantha E. Baksik.
ARTICLE THREE
DIVISION OF PROFITS
Until changed by mutual agreement, the net proceeds of the law
business shall be divided as follows: Atty. Samantha E. Baksik shall
receive 60%, while Atty. Roberto W. Batista shall receive 40%.
ARTICLE FOUR
PERSONNEL
The employment of office staff and other personnel by the
partnership, including salaries to be paid and benefits to be received,
shall be determined after consultation between all of the partners; if
possible, this determination shall be made by and with the full consent
and agreement of all the partners. In case of disagreement, however,
the final determination of these matters shall be made by Atty.
Samantha E. Baksik.
ARTICLE FIVE
BANK ACCOUNT
During the continuance of this agreement, all moneys received by
the partnership shall be deposited in a bank to be agreed on among the
partners. Moneys credited to the partnership shall be withdrawn by
check signed by any of the partners, and the depository bank shall be
notified, in writing, that all partners may sign the checks.
ARTICLE SIX
DEVOTION OF LAW PRACTICE
None of the partners shall engage in or be interested in any law
business other than that benefitting the partnership, except for personal
business relating to the individual property or personal rights of any of
the partners.
ARTICLE SEVEN
LIBRARY
The law library is to be the property of the partnership and the
firm is to pay for keeping up all publishing company subscription as
office expenses.
ACKNOWLEDGMENT
WITNESS MY HAND AND SEAL this March 19, 2019 at Cauayan City
Isabela, Philippines.
Notary Public
Page No.76;
Series of 2019;