Partnership Agreement Letter
January 2, 2050
[YOUR NAME]
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
Malvina Jones
San Bernardino, CA 92401
Dear Ms. Jones,
I am pleased to formalize the terms and conditions of your partnership for the establishment and operation of a small cafe. This Agreement shall be known as "SerenityHub".
The details of the collaboration are outlined as follows:
Business Operations:
The partnership shall be responsible for the establishment and operation of a small cafe.
Decision-Making:
All decisions concerning the business, including finances, marketing, and operations, will be made jointly by both partners.
Capital Investment:
Both partners shall invest equal capital into the partnership.
Profit and Loss Sharing:
Profits and losses will be shared equally between the partners.
Dedication of Time and Effort:
Both partners shall dedicate sufficient time and effort toward the success of the partnership.
Major Decisions:
Any major decisions regarding changes in the business structure or significant investments require mutual consent.
Legal Compliance:
All partners are responsible for maintaining the cafe's compliance with local laws and regulations.
Non-Compete Clause:
Partners may not engage in any ventures or activities that directly compete with the interests of the partnership without prior consent.
Duration and Termination:
The partnership shall commence on January 11, 2052, and shall continue until either partner provides a written notice of intent to terminate the partnership, with a minimum notice period of 90 days.
Financial Details:
The partners shall maintain accurate financial records and mutually agree on a regular schedule for reviewing the financial performance of the cafe.
By signing below, the partners acknowledge their understanding and agreement to the terms and conditions of this partnership letter.
Partners:
[YOUR NAME]
Malvina Jones
We look forward to a successful collaboration and the growth of your cafe venture. Should you have any questions or require further clarification, please do not hesitate to contact me.
Sincerely,
[YOUR NAME]
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