This is an example of an Deed of Partnership...this type of partnership may be needed when a partnership is formed to prevent dispute between partners

Deed of Partnership This deed of partnership is made on 19th of November 2003 Business: Lighting Carwash Between: Peter Jazwinski and Patrick Sharp and Jake Cho The partners agree to the following terms and conditions: Operative Clause The partners agree that they become and remain partners on the terms and conditions on this deed and the Partnership act 1890 will apply unless stated by the deed Capital Contribution Mr. Jazwinski has agreed contribute $500 HKD worth of capital …

…Jazwinski will get 45% of the profit since he contributed the most capital. Mr. Cho will get 30% of the profit although he has contributed the same amount as Mr. Sharp he has more duties on the business and has also agreed to take on unlimited liability of the business. Mr. Sharp will get 25% of the profit made. EXECUTED BY PARTNERS AS A DEED ON 19th November 2003 ______________________ _________________________ ______________________ PETER JAZWINSKI PATRICK SHARP JAKE CHO ____________________________ WITNESS: LAWYER JOHN GOODING