Common use of Obligations of Partners Clause in Contracts

Obligations of Partners. ① If the company suffers losses due to the partner's intention or negligence, the partner shall be liable for compensation to the company; ② Partners shall not withdraw their capital contribution or engage in other malicious acts of reducing the company's capital without the consent of the other partner; ③ In the course of the company's operation, the partners shall undertake the obligations of sponsors in accordance with the relevant national laws and regulations and the relevant provisions of the company's articles of association;