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THIS
DEED OF PARTNERSHIP
BETWEEN
Road, Kolkata 700 048 of the one part hereinafter referred to as the
FIRST PARTY and Shyamal Shasmal son of residing at
of the other part hereinafter referred to as the SECOND PARTY.
THIS DEED WITNESSETH and the parties hereby agree as follows:
1.
2.
That the entire money of salami for acquiring the plot of land of
square feet, the money for raising the structure of brick and tin has
been provided by the First Party while the Second Party is the
working partner providing his valuable time to manage the affairs
of the Firm.
3.
4.
The name of the firm shall be M/s. Joyguru Enterprise and the
same may be changed hereafter into some other name as desired
by the partners.
5.
6.
7.
8.
All outgoings and expenses of the firm shall be paid out of the
capital and profits of the business and, in case of deficiency, by the
partners in equal shares.
9.
10.
11.
The profits and losses of the first and second party shall belong to
and be borne by them in shares of 70 and 30 respectively.
12.
13.
14.
15.
16.
17.
18.
shall be found therein, such error, shall be rectified. All profits (after
setting apart an amount equivalent to % thereof as
Reserve Fund to meet emergent expenses) and loss shall be
divided as aforesaid after such signature.
19.
The firm shall not stand dissolved upon the death, retirement or
insolvency of any partner, but upon dissolution in other cases it
shall be wound up and the assets and liabilities dealt with in
accordance with the provisions of the Indian Partnership Act.
20.
21.
and twelve calendar months (or, etc.), from such date of the award
by the continuing partner or purchaser, who shall also execute all
deeds and things necessary for indemnifying the outgoing partner
or his estate from all the liabilities of the firm; and the outgoing
partner or his representatives shall execute all such deeds and
documents and do all acts necessary for effectually vesting in the
purchaser the share purchased, including the goodwill, and the
outgoing partner shall not carry on, or be engaged in any business
competing with or interfering with the business of the firm, within a
radius of miles of, etc., during the remainder of the term of
the said partnership term.
22.
23.
IN
WITNESS WHEREOF
sealed
and
delivered
by AB in the presence
of: