Professional Documents
Culture Documents
Partnership Agreement
Summary of Partnership
We the undersigned individuals mutually agree to a partnership on this date Thursday, July 2,
2015 to contribute GHS10, 000.00 each, summing up to GHS30,000.00 to be invested in selling
sanita brand of products as a main distributor.
We shall have a current bank account with the undersigned as signatories to the account and at
least two signatures shall be required for cash withdrawals.
Five working days after this document is signed by all partners to this agreement, each partners
contributions shall be paid into a designated bank account.
All money made from the sale of goods shall be paid to a designated bank account on the Friday
of each working week and only GHS500.00 shall be kept as petty cash imprest.
Profits shall be shared after 12 calendar months in a proportion of 33% to each partner and 1% to
charity.
The partners shall endeavor to hold regular meetings to discuss matters arising at the end of
every quarter of the year however emergency meeting can be schedule at a weeks notice to all
partners.
Decisions made at regular and emergency meetings shall be documented and shall be
acknowledged by all partners before implementation.
Capital Contribution
All partners will have equal share of the company, which is 33%. No partner will exceed this
percentage and the remaining percentage goes to charity as stated above. The partnership shall
maintain a capital account record for each partner and all partners have the right to review the
accounts of the company.