USA Fiscal Year Partnership Agreement
This Partnership Agreement Template for U.S. partnerships restricts the partners' right to retire from the partnership to the end of any fiscal year.
- Net profits will be divided equally and net losses will be borne equally by the partners.
- Partners will not receive any salary for services rendered, but the partners may from time to time withdraw any credit balance in their respective income accounts.
- The partners will have equal rights in managing the business, and each shall devote their entire time to the conduct of partnership business.
- Upon the death of a partner, the surviving partner has the right to either purchase the decedent's interest or terminate the partnership.
The USA Fiscal Year Partnership Agreement is a digital legal template that can be used anywhere throughout the United States.
Last Updated: 14-April-2016