Deed Of Partnership Between More Than Two Partners Deeds Partnership 1797 - Legal Draft
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DEED OF PARTNERSHIP BETWEEN MORE THAN TWO PARTNERS
This deed of partnership is made this.........day of.........2005 between AB son of.........residing at.........of the first part, CD son of residing at.........of the second part, EF son of............residing at.........of the third part and GH son of............residing at............of the fourth part.
Now this deed WITNESSETH and the parties hereby agree as follows:
1. The parties hereto shall at present constitute and become partners of the firm......... subject to the terms hereunder contained subject to such modification in its constitution or object clauses as may hereafter be agreed.
2. The name of the firm shall, at present be, etc., and the objects of the partnership shall, etc., the partners shall enter into engagements on behalf of the firm in the firm's name only. The said name and the objects may be altered hereafter if so unanimously decided by all the partners then constituting the firm.
3. The business of the partnership shall be carried on at, etc., or at such other place or places as the partners shall from time to time determine.
4. The partners and their survivors will remain partners in the business, from the date of this deed, for a term of.........years, if they, or any two of them, shall so long live, but subject to the provision for determination hereinafter contained.
5. Any partner may retire from the partnership at the end of.........years,
from the date of this deed, on giving to the other partners not less than.... calendar months' previous notice in writing of his intention to do so, and at the expiration of such notice the partnership shall, as regards the partner giving such notice, stand dissolved; and the partner retiring during the continuance of the partnership shall not, during the remainder of the partnership term, carry on or be interested directly or indirectly in any other business competing or in way interfering with the business of the partnership, within a radius of.........miles from the site of the firm's premises.