Professional Documents
Culture Documents
2. Where all the above mentioned partners are adults and of sound mind and
have agreed to join hands for mutual gains in this partnership
wef----------------------------under terms and conditions which are being laid
down as under in order to keep contractual relations clear and beyond any
doubt.
3. Above mentioned partners are the owners of -----------------------Academy,
Sargodha on equal basis.
4. Every partner has deposited a cross-cheque of Rs. 500,000 as guarantee to
abide by the terms of the deed.
5. Prof. Shariq Mahtab has been appointed by common consent of all the
partners as custodian of the above mentioned cheques.
6. All partners are bound to continue partnership for a period of ten years i.e.
-----------2022.
7. If any partner withdraws before completion of ten years, it will be deemed
as violation of the deed. In this case his security Rs. 500,000 which he had
deposited through above mentioned cheque will be confiscated and will be
divided among the existing partners.
8. No owner/ partner can use the building for any purpose other than the same
Academy without written agreement of other partners. Neither can they sell
it without the prior permission of the Board of Directors.
9. The name and the style of the partnership will be APEX, Academy of