Contract
Contract
Contract
1.Type of Business
The Partners voluntarily associate themselves together as general
partners for the purpose of conducting the general business of Pani Puri Shop,
agreed upon by both the partners.
2.Name of Partnership
The name of the partnership shall be “Pani teri Rani”. This name shall
not be changed under any circumstances
3.Term of Partnership
The partnership shall commence on the day this contract is signed and
shall continue till any one of the partners dies.
4.Place of Business
That the partnership business has been and shall continue to be that of
Pani Pur iwith its principal place of business at Manipal, Udupi, Karnataka,
India. The parties by mutual consent may carry on business at such other place
or places, in such other name or names and of such other nature or natures, as
they may deem fit and proper from time to time.
5.Share on Money
The income shall be shared equally ie 50% shall go to each partner.
No partner can transfer his share in the partnership without the prior consent
of all the other partners. Thus, a partner cannot transfer has interest at his
own will.
6. Gopika and Ashmit the parties of the Pani Teri Rani Business have agreed to
keep themselves actively engaged in conducting the affairs of the business of
the partnership firm. The said partners shall be working partners. It is hereby
agreed to that in consideration of the said parties keeping themselves actively
engaged in the business of the partnership firm and working as working
partners, shall be entitled to remuneration.
7. All disputes and questions in connection with the partnership or this deed
arising between the partners or between any one of them or their legal
representatives and whether during or after the partnership, shall be sorted
out by our representative Sir Venkatamuni.
8.Sponsors
All our supplies shall be imported from dubai, the supplier Sir Prakasha
Poojary, owner of 5 star hotel as agreed on to by both the parties.
The petrol charges and taxes shall be provided and handles by Sir
Sacchidananda Hegde aka Sacchu as agreed on to by both the parties.
Party 1 Party 2
Gopika Moorkoth Ashmit Sherigar