Partnership Deed

DEED OF PARTNERSHIP

This deed of partnership made on______ day of _______ 2012.

BETWEEN

Mr. _________________ of the one part (each of them hereinafter called the partner)

AND

Mst.______________ of the other part (each of them hereinafter called the partner)

Witnesses and it is hereby mutually agreed that the said parties shall become partners upon the following term and conditions:-

1.   The parties hereto shall become and be partner on the firm of ___________ to carry on the business of  _____________ for the term of _____ years, from the day of _______2012 or until the expiration of months notice in writing to determine the partnership, left by either party for the other.

2.   The name of the firm shall be ________________

3.   Within ______days from the commencement of the business, the firm shall be registered, and afterward all the rules regarding the registration of the firms of places or place as the partnership act shall be dully observed.

4.   The business of the firm shall be carried on at ____________ , or such other place or places as the partners may hereafter from time to time determine.

5.   The capital of the firm shall be the sum of Rs.__________ to be contributed by the partners in equal share, and shall be paid immediately after the execution of these presents.

6.   The profits and losses shall belong to and be borne by the partners in equal share

7.   Both the partners shall devote the whole of their time and attention to the best advantage of the business of the firm.

8.   The partners shall keep proper books of account. The books of account, securities, vouchers, etc shall be kept at the place of the business and be open to the inspection of each partner of his agent at all reasonable time with power to take copies.

9.   The firm shall, upon dissolution, be wound up, and the assets and liabilities dealt with in accordance with the provisions of the partnership act.

10.                     Any dispute, or difference which may arise between the partners or their representatives, with regard to the construction, meaning and effect of these presents, or any part thereof, or respecting the accounts, profits or losses of the business, or the right and liabilities of the partners under these presents, of the dissolution or winding up the business, or any  other matter relating to the firm, shall be referred to two arbitrators, one to be nominated by each party, and in case of difference of opinion between them, by the umpire selected by them, the provision of the arbitration Act shall apply to such arbitration.

11.                     In witness whereof the partners have executed this deed by affixing its proper fee on the day month and year first above mention.

 EXECUTENT No.1_______________

EXECUTENT No.2_______________

WITNESSES

1.   ______________

______________

2.   ______________

______________

Partnership Deed

DEED OF PARTNERSHIP

This deed of partnership made on 28^th day of July 2012.

BETWEEN

Mr. Abdullah S/o. Abdullah, Muslim, Adult, Holding CNIC bearing No. _______________, Resident of House No. ____________, Karachi hereinafter referred to as the “First Party” (which expression shall, unless repugnant to or excluded by the context mean and include their legal heirs, executors, administrators and assigns) is the party of THE ONE PART.

AND

Mr. Abdullah S/o. Abdullah, Muslim, Adult, Holding CNIC bearing No. _______________, Presently resident of _____________________, Karachi South. hereinafter referred to as the “Second Party” (which expression shall, unless repugnant to or excluded by the context mean and include their legal heirs, executors, administrators and assigns) is the party of THE OTHER PART.

Witnesses and it is hereby mutually agreed that the said parties shall become partners upon the following term and conditions:-

1.   That the first party has given 75 Tola 24 carets Gold to the Second party as an investment in his business on basis of profit and loss.

2.   That, in this regard Second party pay Rs. 75,000/- per month as an expense. (Rs. 75,000/- is a part of profit which is settled at the end of this agreement year.)

3.   That, after the completion of every agreement year both the parties audit their account and distribute their share as per profit and loss according to this agreement.

4.   That, in case second party cannot run the business due to any reason he will bound to return only 75 tola gold to the first party.

5.   That, in case of death of first party then second party is bound to continue this agreement and he will look after the family of the first party like his own sister and he will return the gold to the first party’s son namely Sheikh Muhammad when he reach adult (18 years old).

6.   The second party shall maintain properly books of accounts and inform about the business (profit/loss) detail to the first party on monthly basis and first party has reserved fully right to check the books/records of account, securities, vouchers, etc shall be kept at the place of the business and be open for the inspection of each partner of his agent at all reasonable time with power to take copies.

In witness whereof the partners have executed this deed by affixing its proper fee on the day month and year first above mention.

________________________________            ________________________________

WITNESSES:

___________________________        ___________________________

Name:                                                   Name:                       

Father’s name:                                        Father’s name: 

NIC No. :                                              NIC No. :

Address:                                                 Address: