Partnership
Deed
OF
SHAIR ZAMAN ENTERPRISES
This deed of partnership is made at Rawalpindi on 22nd day of April 2010 by and between:
1. Mr. Shair Zaman son of Muhammad Yasin, resident of Liaquat Colony, Nai Abadi, Chakri Road, Rawalpindi. (First Partner).
2. Mr. Fuzail Hassan son of Shair Zaman, resident of Liaquat Colony, Nai Abadi, Chakri Road, Rawalpindi. (Second Partner)
The said partners have mutually agreed to form a partnership on the terms and conditions mentioned below:
THIS DEEDS OF PARTNERSHIP WITNESS AS UNDER
1. That the name and the style of the firm shall be “SHAIR ZAMAN ENTERPRISES” with the office situated at Quaid-e-Azam Colony, Main Ghos-e-Azam Road, Near Biscuit Factory Chowk, Rawalpindi and the partners may open or close any other branch office or offices anywhere they may deem fit and profitable.
2. That both the partners have invested equally in the said business equally.
3. That the partner No.1 will be the managing director of the above said firm.
4. That the capital of firm will be contributed by the partners as per book of accounts.
5. That the business purpose of the said firm is marketing, general order supplier, import export etc.
6. That both the partners have invested equal capital (50% each) in said business and contributed by the partners will be distributed (profit and loss @ 50 %) between the parties.
7. That if any partner wants to equate from partnership who shall give 02 months prior notice to other partner.
8. That the bank account shall be opened with mutual consents of the parties in any schedule or non-schedule bank by the name of the above said firm and shall be operated by both the partners.
9. That in case of death of any partner, his legal heirs will be step into shoes in the same person and conditions.
10. That the monthly enrolments of the working partner will be as per book of accounts and will be received as and when income increase with mutual agreement of both the partners.
11. That both the partners shall maintain accounts. That other partner shall have right to inspect the same at any time.
12. That partnership shall be, in no way responsible for personal debts and liabilities of partner for their individual capacities. The firm shall pay the super/income tax if any.
13. That in case of dispute of any point between the partners the matter shall be referred and the decision of the Arbitrator under the provision of arbitration Act 1940 whose decision shall be final and binding upon the partners.
IN WITNESS WHEREOF the parties hereof have affixed their signature to this instrument of partnership in the presence of witnesses who have subscribed.
PARTIES NAME WITH SIGNATURE
Witnesses:
OF
SHAIR ZAMAN ENTERPRISES
This deed of partnership is made at Rawalpindi on 22nd day of April 2010 by and between:
1. Mr. Shair Zaman son of Muhammad Yasin, resident of Liaquat Colony, Nai Abadi, Chakri Road, Rawalpindi. (First Partner).
2. Mr. Fuzail Hassan son of Shair Zaman, resident of Liaquat Colony, Nai Abadi, Chakri Road, Rawalpindi. (Second Partner)
The said partners have mutually agreed to form a partnership on the terms and conditions mentioned below:
THIS DEEDS OF PARTNERSHIP WITNESS AS UNDER
1. That the name and the style of the firm shall be “SHAIR ZAMAN ENTERPRISES” with the office situated at Quaid-e-Azam Colony, Main Ghos-e-Azam Road, Near Biscuit Factory Chowk, Rawalpindi and the partners may open or close any other branch office or offices anywhere they may deem fit and profitable.
2. That both the partners have invested equally in the said business equally.
3. That the partner No.1 will be the managing director of the above said firm.
4. That the capital of firm will be contributed by the partners as per book of accounts.
5. That the business purpose of the said firm is marketing, general order supplier, import export etc.
6. That both the partners have invested equal capital (50% each) in said business and contributed by the partners will be distributed (profit and loss @ 50 %) between the parties.
7. That if any partner wants to equate from partnership who shall give 02 months prior notice to other partner.
8. That the bank account shall be opened with mutual consents of the parties in any schedule or non-schedule bank by the name of the above said firm and shall be operated by both the partners.
9. That in case of death of any partner, his legal heirs will be step into shoes in the same person and conditions.
10. That the monthly enrolments of the working partner will be as per book of accounts and will be received as and when income increase with mutual agreement of both the partners.
11. That both the partners shall maintain accounts. That other partner shall have right to inspect the same at any time.
12. That partnership shall be, in no way responsible for personal debts and liabilities of partner for their individual capacities. The firm shall pay the super/income tax if any.
13. That in case of dispute of any point between the partners the matter shall be referred and the decision of the Arbitrator under the provision of arbitration Act 1940 whose decision shall be final and binding upon the partners.
IN WITNESS WHEREOF the parties hereof have affixed their signature to this instrument of partnership in the presence of witnesses who have subscribed.
PARTIES NAME WITH SIGNATURE
Witnesses:
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