Sample Business Partnership Agreement Philippines

The two or more people who jointly run a for-profit business, including family (spouse), friends or colleagues, should have a partnership agreement. 7. MANAGEMENT TASKS AND RESTRICTIONS. The partners have equal rights in the management of the partnership activity, and each partner devotes all its time to the management of the business. Without the agreement of the other partner, neither partner may, on behalf of the partnership, lend or lend money or produce, deliver or accept commercial paper, buy, buy or sell guarantee, bond or leasing contracts, or sell real estate for or through the partnership, which is not the type of property, which is bought and sold in the course of its normal business. 3. . .


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