Partnership Agreement Template Hong Kong

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A partnership agreement is a contract between two or more people, companies, trusts or partnerships (partners) who join forces to carry out a business or business. Each partner brings money, work, ownership or skills to the partnership. In return, each partner is entitled to a share of the company`s profits or losses. Commercial profits (or losses) are generally distributed among partners on the basis of the partnership agreement. If you make an agreement for your business, it is a commercial partnership agreement. On the other hand, if you form a partnership pact for companies only, it will be called a general partnership contract. Whatever the type of business, you will be able to find several examples of partnership agreements on the web, download them for free and avoid mistakes by reaching an agreement on your own. The partnership may be terminated by the mutual agreement of the PARTENAIRES, whose capital constitutes a majority stake in the partnership. Your contract must include dissolution terms to decide how the assets will be split when the partnership ends. With our drag-and-drop PDF editor, you can customize these partnership agreements so that they contain the specific terms of your contract, such as the duration of the partnership. B the percentage of ownership, the distribution of profits and losses, management responsibilities and what to do in the event of resignation or death. You can further customize the partnership agreement model by adding the company`s official logo or adapting fonts and colors to those of the company.

If you are involved in your partnership agreements, you can spend less time on legal paperwork and more time growing your business. It is a kind of agreement between partners that requires them to cooperate and achieve common goals at the regional, global or national level. In this type of agreement, partners indicate that they wish to share their resources with other partners. With the agreement of all partners, the partnership can be dissolved. In this case, the partners are bending with sufficient speed to liquidate the activities of the partnership. The assets of the partnership transaction are privileged: all the funds of the partnership are deposited on their behalf on the current account designated by the partners or accounts. All payments must be made during checks signed by both partners. The partnership can be dissolved at any time by mutual agreement of the partners, the partners liquidating the company`s activities with a reasonable speed. The name of the partnership is sold with the company`s other assets. The assets of the partnership operation are used and distributed in the following order: Although there are several types of agreements, here are a few you need to know; PandaTip: This is another part of a partnership agreement that benefits from being specific. Don`t confuse the compensation later, spell it here. Each person`s duties in the partnership need to be significantly preserved, but spelling out every detail of the partnership agreement may not be a good idea.

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