JINF

This partnership agreement (‘Agreement’) is made and effective this date ……………………….

BETWEEN

JINF (Joint Initiative Non-profitable Foundation), a common initiative group,

under licence with certificate no. SW / GP / 27 / 03 / 3380 of the 05th March 2003 with its
head quarters situated in Kumba; Meme division South – West province
Address in full:- JINF
Joint Initiative Non-profitable Foundation.
Head quarters Buea road, Kumba.
Head office Bonanjo, Douala.
P.O. Box 3342, Douala. Tel 0237 - 33075832
Littoral province, Cameroon.

AND

Of the other part as an individual / cooperate person / organization / government

with its main address located in, under the
Address in full

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Recitals

 Partners decided to join together in pursuit of the same goal as to alleviate poverty
and fight against corruption.
 Partners have considered various form of joint business to be a lucrative one for
both parties as to the terms and conditions of business practice.
 Partners have decided to come into ‘partnership agreement’ as the most
advantageous business form for their mutual understanding and trust to
collaboratively build an interest zone for both parties.
 Partnership between both parties decides to form a limited partnership under law
governing the protection of mutual interest.
 Partnership of both parties shall share mutual interest and loss as to the present
situation of their joint business.
As consideration of mutual promises, contained in this partnership act, partners have
agree as follows

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©
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a.) Name and Domicile

The name for partnership business shall be acronym …………………………………………... and

Otherwise ……………………..……………………………………………………………………………………………

The principal place of business shall be ……………………………………………………………..………….

Unless relocated by concession of partnership by both parties to another location

b.) Purpose

Subjected to the limitation set forth in this agreement, the purpose of this partnership is

to engage both parties onto a business of nature …………..……………………………….……………..;

and to conduct other activities as may be necessary to, or related to, or incidental to, or
desirable to, in the connection with the forgoing activity.

c.) Duration

The terms of this agreement shall be for a period of ………………….……………….…………years;

Commencing on ………………………………………. And ending on …………………………….……………

unless sooner terminated / dissolved by consent of both parties or by operation of the
provision of this agreement.

d.) Classified and performance of partners

- Partners shall be classified as active, advisory, investment partners

- An active may become an advisory partner unrespectable of the age but the know
how.
- If an active partner dies, his estate becomes an estate for ………. Before uphold by ….
And if then his/her estate is owned by the organization.
- Every active partner shall automatically become an advisory partner
- In case of death, any active member could perform the function and obligations of
the by gone member for the success of their partnership agreement.

e.) Contributions

- Business deal/cooperation shall amount to ……………………………………………………..In

words ……..…….……………………………………………………………………………………………..…..

- Partnership business shall be on percentage ratio of …………..…… and ……………..…….

- Each active partner shall contribute ………….………% and …………………% on or before

………………………………………………… to be used as capital share for business start off

Any additional share by active partners shall be placed on an optional investment
funding scheme for the growth of their partnership business.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©
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- Member parties could join this partnership business as share investment ratios
towards the growth of the business.
- Members will contribute mutually and exchange values as to the growth of this
partnership business.

f.) Management

This partnership shall be managed by limitations set aback, implemented by both parties
as to the smooth running of their activities in this joint venture business.

The introduction of ad-hoc committee shall be put in place by the board of partners and
directors for the smooth running of activities and the organisation of business venture
related to partners.

h.) Dissolution and termination of ‘partnership agreement’.

This partnership shall be dissolved and its affairs shall be wound up! upon the happenings
of the first to occur on the following
- By a date designated by partners, activities shall be terminated on ………………………
- The sales or other liquidation of the partnership asserts shall be reallocated in cash
and share accordingly whereof determined by both parties.
- One of the partners committed an illegal / malpractices / unproven actions against
the interest of this partnership agreement shall lead to lawful actions.

h.) Partnership Business Expenses

The partnership business expenses shall be incurred by both parties. These expenses shall
be presented in forms listed below. But in case of eventualities concerning this joint
partnership business, the expenses shall be shared accordingly, accepted on percentage
ratios by both partners.

- Rents of building / apartment / store

- Electricity bills / Water Bills.
- Tax payments.
- Ad-hoc committee salary bills.
- Insurance policy within or whereof business.
- Materials and other materials.
- Transportation and their costs.
- Marketing and communication.

i.) Meetings

- Meetings of members shall be allocated at any place whereof the partners decide
against forth coming events.
- Agenda of meetings shall be prepared by partners according to the acuities in place.
- Joint business venture is top priority for partners during gatherings.
- Meeting interests lies as perpetuated values for the protection of our diverse
resources.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©
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j.) Authority

• No partner shall buy any good, or article, or either enters into any contract; with
other partners wherein or whereof for the benefit of individualism towards their
joint business.
• No amount of expenditure exceeding the set bill as proposed, and approved by both
partners will not be a guarantee for payment if not agreed upon. Business expenses
shall be our priority for the development of mutual trust and the growth of this
business.

k.) Separate debts

No partner shall enter into any bond, or partnership, or become surety, or consigner, or
provide guarantee to any person(s) / organisation(s) governments(s) as security risk shall
be against the growth of party relationship. He / She shall punctually pay his financial
defaults wherein and whereof.

l.) Books and record keeping

o Books and records of this joint business activities shall be maintained by partners
and proper entry met to keep up to date data information’s.
o Each partner shall have free access to bookkeeping reports of the running of this
partnership business agreement.
o Data records shall be analysed and saved on a secured server.

m.) Account and auditing.

 The accounting of this joint partnership business shall be entrusted upon a financial
house for the presentation of a scale of investment opportunities and losses.
 Reports of partnership agreement shall never be influenced by any partner whereof.
 Partners shall mutually understand and keep to the audit reports of this business.
 Data record accounts and auditing shall be analysed and saved on a secured server.

o.) Division of profit and loss.

Profit and loss of this joint business shall be shared upon by both parties, agreed as to the
risk and rewards of business ventures.

∼ Profit from this partnership business shall be shared according to per capital
invested in the business.
∼ Profit shall be disbursed or reinvested into this business according to the will of
any of both partners.
∼ Profit shall be disbursed after seasonal checks and reports of account auditing
accepted by both parties. i. e. 3 – 6 – 9 – 12 months respectively or otherwise.
∼ Loss from this partnership business shall be incurred by partner that fails to
perform his / her roll as to the smooth running of the business.
∼ Loss from this partnership business shall be incurred by partner that under goes
unscrupulous and mal practical functions.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©
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p.) Advance draws

∼ Each partner is not liable to withdraw from partnership should he / she for cast
reasons for withdrawal as a copyright author of business transactions.
∼ The withdrawal of any partner in this business shall, be of prior reasons deposited
with explosives dimensions to and the advance draws of partnership.
∼ Partnership withdrawal shall be indebted to financial sanctions before actions for
reasons put in place and approved by both parties.
∼ The reasons for advance draws shall be determined by both parties as to their
durations.

q.) Salary

No partner shall receive salary except benefit interest, as to the functioning of this joint
business…………………..….

r.) Retirement

The retirement of partners shall be secured after potential existent of partnership wherein
and whereof. Potential boundaries for retirement of partners shall be defined on the
related mutual trust and understanding by both parties.

s.) Death of partner

The death of a partner shall never entice and entrust the definition of this joint business,
by termination; except agreed upon by partners, on the duration and exchange of power
potentials on wills.

t.) Employment

The employment of human resource as labourers shall be agreed upon by both parties
Their potentials shall be registered and proven skilful on the various definitions of
functions towards activities.
Both partners shall share mutual benefits for the progress of their activities as partnership
business.

u.) Covenant against release of business secrets

This covenant signed this day shall act as prove of acceptance against business secrets for
the mutual understanding and benefit of this joint venture business.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©
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Entry agreement

This agreement entry contains the entire understanding of the parties, and there are no
commitment agreements, or understanding between partners other than those expressly
set forth herein.
This agreement shall not be altered, waived, modified, or amended except in written;
signed by both parties hereto and notarized.

In witness whereof, the parties have executed this business partnership agreement at upon

approval, at …………………………………………………………………………………………………………….

Officials:-

First Partner

Names: - ………………………………………………….……………………………………………………………...

Second Partner

Names: - ………………………………………………….……………………………………………………………...

Witness
Name and Signature

01st Partners Signature 02nd Partners Signature

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©
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