Common use of Profit and Loss Clause in Contracts

Profit and Loss. The net profits of the partnership shall be divided equally between the partners and the net losses shall be borne equally by them. A separate income account shall be maintained for each partner. Partnership profits and losses shall be charged or credited to the separate income account of each partner. If a partner has no credit balance in his income account, losses shall be charged to his capital account.

Profit and Loss. The net profits and net losses of the partnership shall be divided equally between pursuant to the partners and the net losses shall be borne equally by themcapitalization of shares as set forth in this Agreement. A separate income account shall be maintained for each partner. Partnership profits and losses shall be charged or credited to the separate income account of each partner. If a partner has no credit balance in his income account, losses shall be charged to his capital account.

Profit and Loss. The net profits of the partnership shall be divided equally between the partners and the net losses shall be borne equally by them. A separate income account shall be maintained for each partner. Partnership profits and losses shall be charged or credited to the separate income account of each partner. If a partner has no credit balance in his their income account, losses shall be charged to his their capital account.

Profit and Loss. The net profits of the partnership shall be divided equally 20% between the partners and the net losses shall be borne equally by them20%. A separate income account shall be maintained for each partner. Partnership profits and losses shall be charged or credited to the separate income account of each partner. If a partner has no credit balance in his income account, losses shall be charged to his capital account.