Common Contracts
1 similar Partner Agreement contracts
Silent partner agreement south africa pdfPartner Agreement • June 16th, 2023
This agreement clearly states the responsibilities of the silent partner that he is supposed to provide financial investment and the other partner will work hard while participating in the managerial duties and will tackle day to day affairs to run the business. With the help of this silent partnership agreement, all partners will be able to resolve their disputes easily in a peaceful manner instead of going to the court in South Africa. This silent partnership agreement is comprised on the following major points. Name of Business Location or physical address of business Nature or the business Contributionsfrom partners (time, money, property etc) Profit/loss sharing ratio Responsibilities of all partners (silent and others) Decision making Termination of the agreement In a country like South Africa, it is very important to draft a silent partnership agreement which plays a vital role in the smooth sailing of a joint venture and helps all parties to resolve their conflicts rather easil
