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Document Id : 7553
File Type : Microsoft Word
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USA Brokerage Partnership Agreement
Set up a partnership for dealing in stocks, bonds and commodities with this USA Brokerage Partnership Agreement.
- Capital contributions of the partners include stock exchange memberships which will form part of the partnership's assets during the life of the firm.
- Capital contributions will bear interest, calculated and payable on the first day of each calendar quarter.
- No partner may use the capital of the business for speculation or marginal transactions without the consent of all of the partners.
- No credit is to be advanced to any client without the consent of all of the partners.
- If a partner dies or becomes incapacitated, or voluntarily withdraws from the partnership, the value of his/her interest will be determined and paid out within a specified time period.
- The Agreement is governed by United States law.
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