 |
| Deed of partnership format |
In the name of ALLAH, the most beneficent, the most
merciful
PARTNERSHIP DEED
This deed of partnership is made on 25th
of October, 2020 in the city of
BETWEEN
1.
Zafran Khan son of Muhammad Zaman resident of House No. 1, Street No. 5,
Mohallah Shah Chan Chiragh,
2.
Jabir Naeem son of Farhan Zafar resident of House No. 88, Street No. 24, Dhoke
Ratta,
Both the partners are agreed to start their
business with the following aims
I.
The prime reason
is to become a party of construction industry of
II.
The line of business of the firm shall be lay
out, construct, build, erect, demolish, alter, layout, re-model or do any other
work in connection with any infrastructure including apartments, homes, plazas,
multi-storied flat, business offices, shops, markets, warehouses, industrial
and commercial buildings, roads, dams, bridges, spillways, highways,
reservoirs, airports, seaports, parks, canals, irrigation improvements,
amusement parks, convention centres, hi-technology industrial parks, and
structures of all descriptions and to equip the same or any part thereof with
all or any conveniences, drainage and sewerage facilities, water supply, electric and gas installations, structural or
architectural work of any kind whatsoever and for such purpose to prepare
estimates designs, plants specifications subject to any permission required by
law and approval from competent authorities. Firm can also import all kinds of
material required for construction of above mentioned works and can also
manufacture them locally if required.
TERMS AND CONDITION
1.
NAME AND
That the business of the partnership shall be named
as “M/S Dilbar Associates and &
Developers”
2.
CHAIN OF COMMANDS OF THE FIRM
That the first
partner shall be chief executive Officer (CEO) of the
firm who in this case is “Zafran Khan” While the second partner shall work as director. The partners will open the account of
the firm with any scheduled bank in
3. SHARING PERCENTAGE IN
PROFIT AND LOSSES
Zafran Khan 50%
Jabir Naeem 50%
4. LOCATION OF OFFICE
Both
the partners agreed that the Head Office will be situated at “Office No. 22,
5. DURATION OF BUSINESS:
The duration of partnership shall be at will.
Any partner wishing to retire from the partnership shall give three months clear notice on expiry of
which the partnership in between the partners shall deem to have been
discontinued.
6. DISSOLUTION OF BUSINESS:
In case of dissolution of the firm, a general
account of the partnership shall be taken as on the date of dissolution and
after paying the debts/ liability, the remaining assets shall be divided by the
partners in the proportion in which they are entitled to share profit. However,
in case of death of any partner, the fate of the firm continuation shall
be decided with the mutual of heir/heirs of deceased partner.
7. ARBITRATION:
That in case of any dispute or difference between the
partners, the matter shall be referred to Arbitrator, who will be appointed
with the mutual consent of the partners. The decision of the said Arbitrator
shall be final and binding on both the
partner and their legal heirs and representatives.
In witnesses whereof, both the partners have signed this
deed with their free will and without any pressures.
First Partner Second Partner
Jabir Naeem Jabir Naeem
CNIC No. 37405-000000-0 CNIC No. 37405-000000-0
Witness No.1
___________ Witness
No.2 ___________
 |
| Download partnership Deed in word format Pakistan |