Common use of Sharing of Profits and Losses Clause in Contracts

Sharing of Profits and Losses. Net profits and losses of the partnership shall inure to, and be borne by partners in proportion to the value of each of their capital accounts Books of Accounts: Books of account of the transactions of the partnership shall be kept and at all times be available and open to inspection and examination by any partner. Annual Accounting: Each calendar year, a full and complete account of the condition of the partnership shall be made to the partners.

Sharing of Profits and Losses. Net profits and losses of the partnership Partnership shall inure to, and be borne by partners by, the Partners, in proportion to the value of each of their capital accounts accounts. Books of Accounts: Account. Books of account of the transactions of the partnership Partnership shall be kept and at all times be available and open to inspection and examination by any partnerPartner. Annual Accounting: . Each calendar year, a full and complete account of the condition of the partnership Partnership shall be made to the partnersPartners.

Sharing of Profits and Losses. Net profits and losses of the partnership shall inure to, to and be borne by the partners in proportion to the value of each of their capital accounts accounts. Books of Accounts: Account. Books of account of the transactions of the partnership shall be kept and at all times be available and open to inspection and examination by any partner. Annual Accounting: . Each calendar year, a full and complete account of the condition of the partnership shall be made to the partners.