29 May Ordinary Partnership Agreement
ORDINARY PARTNERSHIP AGREEMENT
ARTICLE 1-DEFINITION
This agreement,registered to the trade registry office………………. operating at the address of the active………………. registered with the company to the Directorate of Trade Registry …………….operating in the address…………. it is an ordinary partnership agreement established between the company.
In the contract, the market is referred to as a business and the parties are referred to as partners where they are not mentioned by name.
ARTICLE 2-SCOPE
It regulates the nature,field of activity,operation,profit and loss sharing,rights and obligations between partners,relations with third parties.
ARTICLE 3-SUBJECT MATTER
This contract of work established by the company name of the parties……..it will operate at home and abroad in order to execute it.
ARTICLE 4-PARTIES AND THEIR SHARES
1- ……………….his stake in the business is…%.
2- ……………….his stake in the business is…%.
The shareholders are the owners of the above-mentioned share amount as well as the ownership and home equity. Financial assets of the entity at the date of the contract
the estimate is…… TL.
ARTICLE 5-DURATION OF THE CONTRACT
As of the date of signature and consent of this agreement…..for years to come.
ARTICLE 6 – ADMINISTRATION, REPRESENTATION AND ADMINISTRATION OF THE ENTERPRISE
1-the partners have equal rights in the management of the Enterprise. The alliance is provided
however, in the event of damage to the transactions made on behalf of the enterprise, the partner making the transaction will be responsible and the other partner will not be able to claim for this loss.
2-all official records of the enterprise, such as lease agreement, tax register, municipal, insurance and Trade Register records, are from the partners……………….is in the name. Activity of the Enterprise Centre……………….at his address.
3-decisions made by the Alliance and the usual treatment in the conduct of daily activities
in respect of the enterprise against all authorities and third parties……………….Will represent. In other cases, this partner has no representation authority.He is personally responsible for the actions taken without his authority.
4-debts arising from the daily activities of the enterprise and rent, electricity, water, telephone, insurance premium, all taxes, pictures and fees v.P. has the power to represent all expenses……………….it will be paid by on time. If these payments are not made on time, any additional payments under the name of penalty, raise and interest will be made to the other partner………………..he won’t be responsible.
5-monthly income-expense, input-output records will be kept in order to enable monitoring of all activity in addition to the normal accounting records of the company and will always be kept ready for review.
6-conduct contrary to the provisions laid down in this section constitutes separation from the convention. In this case, the other partner may terminate the contract at the end of this agreement by giving the appropriate authorization for the performance of the transactions which are possible to be corrected and fulfilled and notifying the other partner.
ARTICLE 7-RETURN OF PROFIT AND LOSS
1-participation in profit and loss is in the ratio of shareholders ‘ shares.
2-the financial portrait of the entity related to the activities of that period is taken on the same last day. 1 on this date. participation in profit and loss as set forth in the article may be applied or transferred to the next period. At the end of the year, the same method is applied for the calculation of a one-year period.
ARTICLE 8-TRANSFER BAN AND EXCEPTION
One of the partners cannot transfer or assign the share of the partnership without the written consent of the other partner. Contrary conduct is a breach of contract and a reason for termination.
ARTICLE 9-TERMINATION, TERMINATION AND LIQUIDATION OF THE PARTNERSHIP
1-the contract ends automatically at the end of the period.
2. if the parties wish to continue their partnership in this enterprise, they shall make a new partnership agreement.
3-the confiscation of the property subject to partnership due to the personal debt of one of the partners is the reason for the termination of the contract without notice. If the partner who causes the property of the enterprise to be confiscated due to his personal debt does not remove the restriction and solve the problem within one month before the business property is actually confiscated and in any case, the share of the partnership passes to the other partner.
4.in the event of any termination, a profit-loss account will be made and the partnership will be liquidated within one month following the termination, a protocol for this liquidation will be arranged and the closing and liquidation transactions will be replenished before all official authorities within the same period. The partner who violates this provision…… will pay a US dollar penalty.
5-in case of agreement, each of the partners may transfer their share to the other partner.
6-in case of termination or termination of the partnership, liquidation procedures will be carried out together. First, the due debts of the business will be paid. For outstanding debts, a share shall be allocated and one of the partners shall take charge according to the agreement. The company’s actif will then be removed. Cash values
it will be liquidated as described in the portion of profit and loss. Other assets to be shared after the market fair values are determined or in return for the share price……………….it will be turned over to.
ARTICLE 10-AUTHORITY
Disputes which may arise under this agreement…………..ground courts are authorized.
ARTICLE 11-LEGAL PROVISION
In cases where there is no provision in this agreement, the provisions of the Code of obligations relating to ordinary companies shall apply.
ARTICLE 12-FIXTURES OF THE ENTERPRISE
The fixtures of the enterprise are those written in the commercial books and records at the date of the contract.If a further list of them is made, it becomes an integral part of this agreement. If the list is made, the inventory that has not yet been listed in the commercial books is the asset and these are the fixtures of the enterprise. This agreement has been prepared and signed in two copies.……../……./…..
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