Académique Documents
Professionnel Documents
Culture Documents
Memorandum of Agreement
I.
Names Residences
II.
III.
IV.
V.
1
That the purpose for such partnership is the retails of
furnitures and fixtures.
VI.
That the term for which this partnership is to exist is fifty (50)
years counted from 20 January 2013, subject to applicable
provisions of the law.
VII.
VIII.
IX.
That the profits and losses as the case may be shall be divided
and distributed pro rata according to the amounts of capital
contributed by each partner to the partnership.
X.
That each and every partner has the right to full information
as to all matters connected with the business of the firm, and is
entitled to demand from any and all other partners access to papers
and records of the firm that may be in the possession of said other
partner or partners, and a full disclosure of any information that he
or they possess as to the affairs of the firm;
2
That the manager shall have the obligation to grant access to
any partner who desires to examine and review the books and
records of the business at any business hours.
XI.
That the manager or any partner for that matter shall have
no right to embark in any speculative transaction in goods dealt in
by the partnership without the express consent of all the other
partners which must be reduced to writing.
XII.
XIII.
XIV.
XV.
3
That the partners hereto reserve the right to expel any
partner who, without just cause, shall fail to comply in any manner
whatsoever with the obligations imposed upon him by virtue of this
Memorandum of Agreement, this without prejudice to the
enforcement of any and all remedies granted this partnership by
any and all existing laws, covenants, stipulations and agreements.
XVI.
XVII.
4
IN WITNESS WHEREOF, the parties hereto have agreed these present on this
20th January 2017 at Bansalan Davao del Sur Philippines.
BY:
RYAN REENOLDS
5
ACKNOWLEDGEMENT
On this 20th day of January, 2017 personally appeared before me, a Notary
Public in and for the Municipality of Bansalan Davao del Sur, the following
persons:
57400183687
WAYNE RAIDER SSS No. MAY 8 2013 DIGOS CITY
89000183698
RYAN REENOLDS SSS No. JUNE 12 2011 DIGOS CITY
89008736179
All known to me to be the same persons who executed the foregoing document
and acknowledgement that the same is an act of their free and voluntary will
and deed.
6
DOMINIC E. EMBODO,MBA
PTR No. 4569519; 01/02/2015
IBP No. 924910; 12/16/2015 (for 2016)
Davao del Sur Chapter
Roll of Attorneys No. 34567
TIN 2378-000-980
MCLE Compliance No. IV-0000367
Issued on 04 November 2015