Partnership Agreement Modifying The Partnership Deed

Agreement Modifying the Partnership Deed
This Deed is made at _______________. on this __________________ day of _____________, 2000, between A, son of ________________________ resident of ____________________ of the ONE PART and B, son of ___________________ resident of ___________________of the SECOND PART and C, son of __________________________ resident of ___________________________________ of the THIRD PART.
Whereas the parties hereto are carrying on the business of _______________ under the name and style of M/s. ________________________________________. at ____________________ upon the terms and conditions contained in Deed of partnership dated ____________________________;
And Whereas clause ____________________________ of the said partnership deed provides that all the partners will devote their whole time and attention to the business of the partnership;
And Whereas clause ____________________.. of the said partnership deed further provides that no partner shall without the consent of the other partners engage directly or indirectly in any business other than that of the partnership;
And Whereas A, one of the partners, has been offered an assignment by ________________________________ which shall be completed within a period of ____________________. years and the said partner will have to stay in ________________________ during the said period while undertaking the said assignment;
And Whereas the said partner has requested for the consent of the other partners for acceptance of the assignment offered to him by ___________________ and they have agreed to give consent to A to accept the said assignment and it has been agreed that so long as he remains outside ___________________ for the said assignment, the partnership deed shall be varied in the manner and to the extent hereinafter appearing:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1.     This Deed is supplemental to the Deed of Partnership dated ____________________. and made between the said parties.
2.     During such period as the said partner A shall remain out of _______________ for the assignment and does not attend to the business of the partnership, he shall be entitled only half his share of the net profits of the partnership instead of _________________ % profits to which he is entitled under clause ____________________ of the Deed of Partnership and the balance of share of profits to which but for this deed the said A would have been entitled shall be divided between the other partners in equal proportion.
3.     The said A shall not be liable to give account to the partnership for any remuneration or other advances received by him from the ____________________ for the said assignment.
4.     A shall not be entitled to any remuneration from the partnership account during his absence pursuant to clause __________________________ of any the Deed of Partnership.
5.     The terms and condition of the Deed of Partnership dated _____________ shall except in so far as the same are modified by this agreement, continue in full force and effect.
IN WITNESS WHEREOF the parties hereto have hereunto put and subscribed their respective hands ____________________________ the day and year first hereinabove written.
Signed and delivered by the within named A
Signed and delivered by the within named B
Signed and delivered by the within named C
WITNESSES;
1.
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Agreement Modifying the Partnership Deed
This Deed is made at _______________. on this __________________ day of _____________, 2000, between A, son of ________________________ resident of ____________________ of the ONE PART and B, son of ___________________ resident of ___________________of the SECOND PART and C, son of __________________________ resident of ___________________________________ of the THIRD PART.
Whereas the parties hereto are carrying on the business of _______________ under the name and style of M/s. ________________________________________. at ____________________ upon the terms and conditions contained in Deed of partnership dated ____________________________;
And Whereas clause ____________________________ of the said partnership deed provides that all the partners will devote their whole time and attention to the business of the partnership;
And Whereas clause ____________________.. of the said partnership deed further provides that no partner shall without the consent of the other partners engage directly or indirectly in any business other than that of the partnership;
And Whereas A, one of the partners, has been offered an assignment by ________________________________ which shall be completed within a period of ____________________. years and the said partner will have to stay in ________________________ during the said period while undertaking the said assignment;
And Whereas the said partner has requested for the consent of the other partners for acceptance of the assignment offered to him by ___________________ and they have agreed to give consent to A to accept the said assignment and it has been agreed that so long as he remains outside ___________________ for the said assignment, the partnership deed shall be varied in the manner and to the extent hereinafter appearing:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1.     This Deed is supplemental to the Deed of Partnership dated ____________________. and made between the said parties.
2.     During such period as the said partner A shall remain out of _______________ for the assignment and does not attend to the business of the partnership, he shall be entitled only half his share of the net profits of the partnership instead of _________________ % profits to which he is entitled under clause ____________________ of the Deed of Partnership and the balance of share of profits to which but for this deed the said A would have been entitled shall be divided between the other partners in equal proportion.
3.     The said A shall not be liable to give account to the partnership for any remuneration or other advances received by him from the ____________________ for the said assignment.
4.     A shall not be entitled to any remuneration from the partnership account during his absence pursuant to clause __________________________ of any the Deed of Partnership.
5.     The terms and condition of the Deed of Partnership dated _____________ shall except in so far as the same are modified by this agreement, continue in full force and effect.
IN WITNESS WHEREOF the parties hereto have hereunto put and subscribed their respective hands ____________________________ the day and year first hereinabove written.
Signed and delivered by the within named A
Signed and delivered by the within named B
Signed and delivered by the within named C
WITNESSES;
1.
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Agreement Modifying the Partnership Deed
This Deed is made at _______________. on this __________________ day of _____________, 2000, between A, son of ________________________ resident of ____________________ of the ONE PART and B, son of ___________________ resident of ___________________of the SECOND PART and C, son of __________________________ resident of ___________________________________ of the THIRD PART.
Whereas the parties hereto are carrying on the business of _______________ under the name and style of M/s. ________________________________________. at ____________________ upon the terms and conditions contained in Deed of partnership dated ____________________________;
And Whereas clause ____________________________ of the said partnership deed provides that all the partners will devote their whole time and attention to the business of the partnership;
And Whereas clause ____________________.. of the said partnership deed further provides that no partner shall without the consent of the other partners engage directly or indirectly in any business other than that of the partnership;
And Whereas A, one of the partners, has been offered an assignment by ________________________________ which shall be completed within a period of ____________________. years and the said partner will have to stay in ________________________ during the said period while undertaking the said assignment;
And Whereas the said partner has requested for the consent of the other partners for acceptance of the assignment offered to him by ___________________ and they have agreed to give consent to A to accept the said assignment and it has been agreed that so long as he remains outside ___________________ for the said assignment, the partnership deed shall be varied in the manner and to the extent hereinafter appearing:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1.     This Deed is supplemental to the Deed of Partnership dated ____________________. and made between the said parties.
2.     During such period as the said partner A shall remain out of _______________ for the assignment and does not attend to the business of the partnership, he shall be entitled only half his share of the net profits of the partnership instead of _________________ % profits to which he is entitled under clause ____________________ of the Deed of Partnership and the balance of share of profits to which but for this deed the said A would have been entitled shall be divided between the other partners in equal proportion.
3.     The said A shall not be liable to give account to the partnership for any remuneration or other advances received by him from the ____________________ for the said assignment.
4.     A shall not be entitled to any remuneration from the partnership account during his absence pursuant to clause __________________________ of any the Deed of Partnership.
5.     The terms and condition of the Deed of Partnership dated _____________ shall except in so far as the same are modified by this agreement, continue in full force and effect.
IN WITNESS WHEREOF the parties hereto have hereunto put and subscribed their respective hands ____________________________ the day and year first hereinabove written.
Signed and delivered by the within named A
Signed and delivered by the within named B
Signed and delivered by the within named C
WITNESSES;
1.
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Agreement Modifying the Partnership Deed
This Deed is made at _______________. on this __________________ day of _____________, 2000, between A, son of ________________________ resident of ____________________ of the ONE PART and B, son of ___________________ resident of ___________________of the SECOND PART and C, son of __________________________ resident of ___________________________________ of the THIRD PART.
Whereas the parties hereto are carrying on the business of _______________ under the name and style of M/s. ________________________________________. at ____________________ upon the terms and conditions contained in Deed of partnership dated ____________________________;
And Whereas clause ____________________________ of the said partnership deed provides that all the partners will devote their whole time and attention to the business of the partnership;
And Whereas clause ____________________.. of the said partnership deed further provides that no partner shall without the consent of the other partners engage directly or indirectly in any business other than that of the partnership;
And Whereas A, one of the partners, has been offered an assignment by ________________________________ which shall be completed within a period of ____________________. years and the said partner will have to stay in ________________________ during the said period while undertaking the said assignment;
And Whereas the said partner has requested for the consent of the other partners for acceptance of the assignment offered to him by ___________________ and they have agreed to give consent to A to accept the said assignment and it has been agreed that so long as he remains outside ___________________ for the said assignment, the partnership deed shall be varied in the manner and to the extent hereinafter appearing:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1.     This Deed is supplemental to the Deed of Partnership dated ____________________. and made between the said parties.
2.     During such period as the said partner A shall remain out of _______________ for the assignment and does not attend to the business of the partnership, he shall be entitled only half his share of the net profits of the partnership instead of _________________ % profits to which he is entitled under clause ____________________ of the Deed of Partnership and the balance of share of profits to which but for this deed the said A would have been entitled shall be divided between the other partners in equal proportion.
3.     The said A shall not be liable to give account to the partnership for any remuneration or other advances received by him from the ____________________ for the said assignment.
4.     A shall not be entitled to any remuneration from the partnership account during his absence pursuant to clause __________________________ of any the Deed of Partnership.
5.     The terms and condition of the Deed of Partnership dated _____________ shall except in so far as the same are modified by this agreement, continue in full force and effect.
IN WITNESS WHEREOF the parties hereto have hereunto put and subscribed their respective hands ____________________________ the day and year first hereinabove written.
Signed and delivered by the within named A
Signed and delivered by the within named B
Signed and delivered by the within named C
WITNESSES;
1.
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Agreement Modifying the Partnership Deed
This Deed is made at _______________. on this __________________ day of _____________, 2000, between A, son of ________________________ resident of ____________________ of the ONE PART and B, son of ___________________ resident of ___________________of the SECOND PART and C, son of __________________________ resident of ___________________________________ of the THIRD PART.
Whereas the parties hereto are carrying on the business of _______________ under the name and style of M/s. ________________________________________. at ____________________ upon the terms and conditions contained in Deed of partnership dated ____________________________;
And Whereas clause ____________________________ of the said partnership deed provides that all the partners will devote their whole time and attention to the business of the partnership;
And Whereas clause ____________________.. of the said partnership deed further provides that no partner shall without the consent of the other partners engage directly or indirectly in any business other than that of the partnership;
And Whereas A, one of the partners, has been offered an assignment by ________________________________ which shall be completed within a period of ____________________. years and the said partner will have to stay in ________________________ during the said period while undertaking the said assignment;
And Whereas the said partner has requested for the consent of the other partners for acceptance of the assignment offered to him by ___________________ and they have agreed to give consent to A to accept the said assignment and it has been agreed that so long as he remains outside ___________________ for the said assignment, the partnership deed shall be varied in the manner and to the extent hereinafter appearing:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1.     This Deed is supplemental to the Deed of Partnership dated ____________________. and made between the said parties.
2.     During such period as the said partner A shall remain out of _______________ for the assignment and does not attend to the business of the partnership, he shall be entitled only half his share of the net profits of the partnership instead of _________________ % profits to which he is entitled under clause ____________________ of the Deed of Partnership and the balance of share of profits to which but for this deed the said A would have been entitled shall be divided between the other partners in equal proportion.
3.     The said A shall not be liable to give account to the partnership for any remuneration or other advances received by him from the ____________________ for the said assignment.
4.     A shall not be entitled to any remuneration from the partnership account during his absence pursuant to clause __________________________ of any the Deed of Partnership.
5.     The terms and condition of the Deed of Partnership dated _____________ shall except in so far as the same are modified by this agreement, continue in full force and effect.
IN WITNESS WHEREOF the parties hereto have hereunto put and subscribed their respective hands ____________________________ the day and year first hereinabove written.
Signed and delivered by the within named A
Signed and delivered by the within named B
Signed and delivered by the within named C
WITNESSES;
1.
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Agreement Modifying the Partnership Deed
This Deed is made at _______________. on this __________________ day of _____________, 2000, between A, son of ________________________ resident of ____________________ of the ONE PART and B, son of ___________________ resident of ___________________of the SECOND PART and C, son of __________________________ resident of ___________________________________ of the THIRD PART.
Whereas the parties hereto are carrying on the business of _______________ under the name and style of M/s. ________________________________________. at ____________________ upon the terms and conditions contained in Deed of partnership dated ____________________________;
And Whereas clause ____________________________ of the said partnership deed provides that all the partners will devote their whole time and attention to the business of the partnership;
And Whereas clause ____________________.. of the said partnership deed further provides that no partner shall without the consent of the other partners engage directly or indirectly in any business other than that of the partnership;
And Whereas A, one of the partners, has been offered an assignment by ________________________________ which shall be completed within a period of ____________________. years and the said partner will have to stay in ________________________ during the said period while undertaking the said assignment;
And Whereas the said partner has requested for the consent of the other partners for acceptance of the assignment offered to him by ___________________ and they have agreed to give consent to A to accept the said assignment and it has been agreed that so long as he remains outside ___________________ for the said assignment, the partnership deed shall be varied in the manner and to the extent hereinafter appearing:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1.     This Deed is supplemental to the Deed of Partnership dated ____________________. and made between the said parties.
2.     During such period as the said partner A shall remain out of _______________ for the assignment and does not attend to the business of the partnership, he shall be entitled only half his share of the net profits of the partnership instead of _________________ % profits to which he is entitled under clause ____________________ of the Deed of Partnership and the balance of share of profits to which but for this deed the said A would have been entitled shall be divided between the other partners in equal proportion.
3.     The said A shall not be liable to give account to the partnership for any remuneration or other advances received by him from the ____________________ for the said assignment.
4.     A shall not be entitled to any remuneration from the partnership account during his absence pursuant to clause __________________________ of any the Deed of Partnership.
5.     The terms and condition of the Deed of Partnership dated _____________ shall except in so far as the same are modified by this agreement, continue in full force and effect.
IN WITNESS WHEREOF the parties hereto have hereunto put and subscribed their respective hands ____________________________ the day and year first hereinabove written.
Signed and delivered by the within named A
Signed and delivered by the within named B
Signed and delivered by the within named C
WITNESSES;
1.
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