Partnership Agreement Sample in Kenya

Document Type
Microsoft Word (Editable)
Pages
9
Price: KES 350
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Document Overview

A Partnership Agreement is a legally binding contract between two or more individuals who agree to collaborate in a business venture. It basically outlines the terms and conditions governing the operation of the partnership.

It typically contains the following components:
1. Parties to the Agreement
2. Definitions and Interpretation
3. Formation and Name
4. Business Purpose and Location
5. Capital Contributions
6. Profit and Loss Allocation
7. Management and Operations
8. Books, Records, and Accounting
9. Restrictions on Partners:
10. Transfer of Partnership Interests
11. Dissolution and Termination
12. Dispute Resolution Steps
13. Insurance Requirements
14. Miscellaneous Provisions
15. Execution

Partnership Agreement is essential for establishing a clear, formal and legally enforceable framework to guide the operation of the partnership.
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