Partnership Agreement (Ontario)
Use this template to prepare a Partnership Agreement specifically for use in the Province of Ontario, Canada. Provisions of the agreement include:
This is a Canadian legal document in MS Word format.
- New partners may only be admitted with the unanimous approval of the founding partners.
- Profits and losses, and income and losses for income tax purposes, will be allocated among the partner in proportion to their respective interests.
- If the earnings of the partnership are not sufficient to pay its debts and liabilities, the partners will make up the difference in proportion to their respective interests.
- If any partner is required to pay more than its share due to default on the part of another partner, the first partner will have a lien and charge against the income account of the defaulting partner.
- The business of the partnership will be managed by a managing committee appointed by the partners.
- If a partner withdraws from the partnership, its interest will be distributed pro rata among the remaining partners.
This is a Canadian legal document in MS Word format.
File Details
| Price: | $25.00(CAD) |
| Document ID: | 3309 |
| Downloads: | 68 |
| Date Added: | 2002-01-01 |
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