funds without the consent in writing of the other
partner.
Fifth: Neither party shall withdraw from the funds of the firm to
exceed the sum of $________, per annum, in ________ in installments of
not to exceed the sum of $________, but neither shall at any time be
entitled to draw in excess of his share of the profits then earned.
Sixth: All transactions and accounts of the firm shall be kept in
regular books, which shall be open at all times to the inspection of
either party or their representatives.
Seventh: An invoice of stock shall be taken on the first day of
January of each year, and the account between the parties settled at
that time. And an invoice be taken and an account had at any other
time when either partner shall demand the same in writing.
Eighth: No transaction outside of the ________ business shall be
entered into by either of said partners without the consent in writing
of his co-partner. And any violation of the terms of this agreement
shall be sufficient cause for a dissolution of this co-partnership.
In testimony whereof we have hereunto set our hands this ____ day of
________, 19__.
A.B.
C.D.
In the presence of G.H.
39
Articles of Co-Partnership--Another Form
Articles of co-partnership, made this ____ day of ________, 19__, by
and between A.B. and C.D. both of the city of ________, witnesseth
that:
The said parties hereby agree to form, and do form a co-partnership,
for the purpose of carrying on the general produce and commission
business on the following terms and articles of agreement, to the
faithful performance of which they mutually engage and bind
themselves, each to the other.
The style and name of the co-partnership shall be B. and D., and shall
commence on the ____ day of ________, 19__, and continue for the
period of five years.
Each of the said parties agrees to contribute to the funds of the
partnership the sum of $3,000 in cash, which shall be paid in, on or
before the ____ day of ________, 19__, and each of said parties shall
devote and give all his time and attention to the business, and to the
care and superintendence of the same.
All profits which may accrue to the said partnership shall be divided
equally, and all losses happening to the said firm, whether from bad
debts, depreciation of goods, or any other cause or accid
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