articles of co-partnership
Articles Of Co-Partnership
Articles of agreement made and concluded this 1st day January, 2013, by and between Jerryl Therese Ang, Kristine Rose Fusingan, Marionne Edrienne Olaso and Jennilyn Poquiz:
Article I. - That the parties hereto have agreed to and do by these presents become partners under the firm name and style of The Omnibooze Company with the principal office and place of business located in Quezon City.
Article II. - The purpose and business of said partnership shall be the establishment and operation of a restaurant bar & club and the doing of all things necessary and incident thereto.
Article III. -The said Jerryl Therese Ang, Kristine Rose Fusingan, and Jennilyn Poquiz shall contribute cash to the capital of said partnership with an amount of P1, 606,875.00 each. The said Marionne Edrienne Olaso shall contribute to the capital of said partnership a land with a fair maket value of P700,000.00 and cash amounting to P906,875.00
Article IV. – All of the partners shall devote their entire time, skill, labour and experience to advancing and rendering profitable the interests and business of said partnership and shall not engage in any other business or occupation whatever on his individual account during the existence of said partnership.
Article V. - Each partner may make and take contracts for and on behalf of the partnership business, but contractsor purchases involving a liability of more than P100,000 shall be made only on full consultation and with the approval of all partners. All contracts shall be made and taken only in the firm name. In case of disagreement as to making, taking or assuming any contract or obligation by the firm, such contract or obligation shall not be made or entered into. Each partner shall have the right to discharge any employees hired by either of them.
Article VI. - Each partner agrees that all gain, profit, advantage and increase which shall arise by reason of said co-partnership or joint business as aforesaid,
Articles of agreement made and concluded this 1st day January, 2013, by and between Jerryl Therese Ang, Kristine Rose Fusingan, Marionne Edrienne Olaso and Jennilyn Poquiz:
Article I. - That the parties hereto have agreed to and do by these presents become partners under the firm name and style of The Omnibooze Company with the principal office and place of business located in Quezon City.
Article II. - The purpose and business of said partnership shall be the establishment and operation of a restaurant bar & club and the doing of all things necessary and incident thereto.
Article III. -The said Jerryl Therese Ang, Kristine Rose Fusingan, and Jennilyn Poquiz shall contribute cash to the capital of said partnership with an amount of P1, 606,875.00 each. The said Marionne Edrienne Olaso shall contribute to the capital of said partnership a land with a fair maket value of P700,000.00 and cash amounting to P906,875.00
Article IV. – All of the partners shall devote their entire time, skill, labour and experience to advancing and rendering profitable the interests and business of said partnership and shall not engage in any other business or occupation whatever on his individual account during the existence of said partnership.
Article V. - Each partner may make and take contracts for and on behalf of the partnership business, but contractsor purchases involving a liability of more than P100,000 shall be made only on full consultation and with the approval of all partners. All contracts shall be made and taken only in the firm name. In case of disagreement as to making, taking or assuming any contract or obligation by the firm, such contract or obligation shall not be made or entered into. Each partner shall have the right to discharge any employees hired by either of them.
Article VI. - Each partner agrees that all gain, profit, advantage and increase which shall arise by reason of said co-partnership or joint business as aforesaid,