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Partnership Agreement
Partnership Agreement

Partner: Year of Birth Residential Address

ID No.

Partner: Year of Birth Residential Address

ID No.

In view of the fact that both parties agreed to *** with the investment in the operation of the "" catering brand, for the purpose of defining the rights and obligations of all parties. Rights and obligations, the two sides in the spirit of fairness,

the principle of equality and mutual benefit entered into a partnership agreement as follows:

Article 1 The business purpose of the catering: .

The second partnership business project, store name, main business address:

The third partnership period. Since the date of January , to the date of January , **** years .

Article 4: Amount of capital contribution, method and period.

Partners shall make contributions in cash, amounting to RMB Yuan.

Partners shall make contributions in cash in the amount of RMB Yuan.

The partnership's capital contribution*** is RMB yuan. Another bank account is set up for operation. The amount of money in the specified period is not yet in place of the other party,

will be fully reimbursed by the bank interest, the partnership period of each partner's contribution to the *** have property, shall not be arbitrarily requesting the division or recovery.

Article V Distribution of Surplus and Assumption of Debt.

The two partners *** with the business, *** with the labor, *** bear the risk, *** bear the profit and loss.

1, surplus distribution: based on the amount of capital contribution, according to the proportion of capital distribution.

2. Assumption of debts: the debts in the course of business shall be repaid by the partnership property first, and when the partnership property is insufficient for repayment, the partners shall assume the debts together. Any

party repayment, the other party should be in accordance with the proportion of investment within days to the other party to pay off their own part of the burden.

Article 6 Entry, withdrawal and transfer of capital contribution.

(1) Entry into partnership.

1. A new partner must be admitted to the partnership by mutual consent of both partners;

2. Recognize and sign this Partnership Agreement;

3. Unless otherwise agreed in the Partnership Agreement, a new partner who has been admitted to the partnership enjoys the same rights and bears the same responsibilities as the original partner. The new partner shall be jointly and severally liable for the debts of the partnership prior to the entry of the new partner into the partnership.

(2) Withdrawal

Partners may withdraw from the partnership if any of the following circumstances occurs during the term of the partnership:

1. The reasons for withdrawal as agreed in the partnership agreement occur;

2. Withdrawal with the consent of the other partner;

3. It is difficult for the partners to continue to participate in the partnership.

A partner who withdraws from the partnership without authorization and causes losses to the other partner shall compensate for the losses.

After the withdrawal of a partner, both partners and the withdrawing person shall settle the settlement according to the property status of the partnership at the time of withdrawal.

(iii) Transfer of capital contributions.

A partner is permitted to transfer all or part of his share of the partnership property to other partners. A partnership

share may not be transferred to a person other than a partner without the consent of both partners. If neither of the other partners agrees to receive the transferred shares, the settlement shall be based on withdrawal.

Article 7 Partnership Heads and Execution of Partnership Affairs.

The partners*** jointly elect the partner in charge of the partnership. The partners shall be the principals on the business license.

The partners elect to be responsible for the financial affairs of the partnership store.

The two partners elected to be responsible for the operation and daily management of the partnership store.

The two partners*** will discuss with each other on the major matters of the partnership store, and the rules of procedure will be formulated and signed by both parties.

Article 8: Rights and obligations of partners.

(A) the rights of partners:

1. the right to operate, decide and supervise the partnership affairs, the business activities of the partnership by the partners *** with the decision;

2. partners enjoy the right to distribution of the partnership interests;

3. partners shall distribute the partnership interests shall be in proportion to the amount of capital contributed to the partnership, and the property accumulated by the partnership operation shall belong to the partners *** have;

4. partners shall be entitled to the rights and obligations of the partners;

5. partners shall be entitled to the rights and obligations of the partners;

6. partners shall have the rights and obligations of the partners to the business activities of the partnership.

4. The partners have the right to withdraw from the partnership.

(2) Obligations of the partners:

1. to maintain the unity of the partnership property in accordance with the partnership agreement;

2. to share the debts of the partnership's business losses;

3. to bear joint and several liability for the partnership debts.

Article IX Prohibited Acts.

(1) Without the consent of both partners, it is prohibited for any partner to carry out business activities in the name of the partnership privately; if his/her business obtains benefits to the partnership, the loss caused

will be compensated according to the actual loss.

(ii) A partner is prohibited from engaging in the operation of a business that competes with the Partnership;

(iii) A partner is prohibited from transacting business with the Partnership except as otherwise agreed in the Partnership Agreement or with the consent of the other partner.

(iv) A partner shall not engage in activities that are detrimental to the interests of the Partnership.

Article X. Continuation of Partnership Business.

(i) In the event that one partner withdraws from the partnership, the other partner shall have the right to continue the original business under the original business name.

(2) In the case that a partner is unable to continue the business due to other objective circumstances, in accordance with the written authorization or legal choice of the partner, either to settle

his property and the other partner to continue the business; or, with the consent of the other partner, to admit his or her designated immediate family member or spouse as a new partner to continue the business

continuance of the business.

Article XI Termination and Liquidation of Partnership.

(1) The partnership is dissolved due to the following circumstances:

1. the expiration of the partnership term;

2. the agreement of both partners to terminate the partnership;

3. the completion of the partnership affairs or inability to complete them;

4. being revoked according to law;

5. the emergence of any other reasons for the dissolution of the partnership as stipulated by the laws and administrative regulations.

(2) Liquidation of the partnership:

1. After the dissolution of the partnership shall be liquidated and the creditors shall be notified.

2. The liquidator shall be the partners of both parties.

3. If there is any surplus after liquidation, it will be distributed according to the investment ratio agreed in this agreement.

4. In case of liquidation, if the partnership has losses and the partnership property is not enough to pay off the losses, the partners shall bear the liability of unlimited joint and several liquidation, and the partners shall have the right to recover from the other partners when the amount of liquidation exceeds the amount that should be borne by the partners due to the assumption of

joint and several liabilities.

Article 12 Liability for breach of contract.

(1) If a partner fails to make capital contributions in accordance with this Agreement, he shall compensate for the losses thus caused to the other partners.

(2) If a partner

transfers his share of property without the consent of the other partners, it may be treated as withdrawal, and the transferor shall compensate the other partners for the losses caused

by it.

(3) If a partner privately pledges his share of property in the partnership, his act shall be invalid, or shall be treated as a withdrawal from the partnership; and if he causes losses to the other partners, he shall be liable for compensation.

(d) If a partner seriously violates this Agreement, or causes the dissolution of the partnership store through gross negligence or violation of the law, he or she shall be

liable for compensation to the other partners.

Article XIII Contract Dispute Resolution.

All disputes arising out of or in connection with this Agreement shall be negotiated between the partners *** with each other, and if the negotiation fails, the dispute may be brought to the Municipal People's Court.

Article 14 Others.

(a) Upon consensus, the partners may amend this Agreement or make additions to the outstanding matters; if the contents of the additions or modifications are in conflict with this Agreement,

the contents of the additions or modifications shall prevail.

(b) This Agreement establishes the partnership to operate the store, and to assume civil liability externally as an individual businessman, and internally to determine the responsibilities

responsibilities, rights and obligations of the partners in accordance with this Agreement.

(3) This contract is in one copy, and each partner holds one copy.

(d) This contract shall come into effect after it is signed by both partners.

Partners (signature and seal)

Partners (signature and seal)

Signing time: