Assignment on-

“Partnership Agreement Deed for a Business Firm”

Course Name and Code: Business Law (Law 4151)

Trimester: Spring 2020

Section: B

Prepared by:

Name ID
Borhan Uddin 111 161 375

Submitted to:
Taslima Jahan
(Course Instructor)
Lecturer

Date of Submission 03.04.2020

( )Regular Submission ( )Late Submission
 DEED OF PARTNERSHIP BUSINESS

THIS DEED OF PARTNERSHIP business is executed and made on this the day 31th
March, 2020.

BETWEEN

MD.BORHAN UDDIN, son of Md.Bahar Uddin, Adress : Nazz Villa, House- 3, Road-2D,
Baridhara J Block, Dhaka-1212, aged about 25years, by profession business man, by faith
Muslim, by Nationality Bangladeshi by birth, here in after called the Director as well as,

FIRST PARTY

MD.FAISAL KHAN, son of Md.Abul Kalam, Adress : Neema Villa, House- 420, Road-4D,
Shamoly, Dhaka-1210, aged about 25years, by profession business man, by faith Muslim, by
Nationality Bangladeshi by birth, here in after called the Assistant Director no : 1 as well as,

SECOND PARTY

SABRINA SYEDA PURNI, daughter of Md.Raj Khan, Adress : Biva Villa, Road 3D
Shamoly, Dhaka-1210, aged about 25years, by profession business woman, by faith Muslim, by
Nationality Bangladeshi by birth, here in after called the Assistant Director no : 1, as well as,

THIRD PARTY

WHEREBY it is agreed as follows:

1. The parties shall become & be partners under the firm name of SWAPNIL NEWAZ

MARKETING LIMITED as from the 31th March,2020 & the principal office of
the business firm shall be in Nazz Villa Tower, Level 5 th , House 3, Road 2D,
Baridhara J Block, Dhaka-1212.
2. That the firm is a Partnership Firm within the meaning of the Partnership Act, accordinly
the following shall apply :-
a) No invitation of shares shall be issued to any outsiders for purchasing any shares,
b) The number of members of this firm shall be restricted to the under signers or till
by special resolution make any change therefore.
3. The capital of the partnership shall be the sum of Taka 9,00,000(Nine Lack Only) or
such other sum as the partners mutually agreed upon afterwards, moreover, The partners
has absolute rights to increase, reduce their capital amount, time to time by unique
decision for the betterment of the firms & shareholders own interest.
4. The objectives for which the partnership is established are as following provided that
permission/ approval/license from the government or its appropriate agency and the
concerned local government authority shall be obtained wherever it is so required by law
rules ,or regulations:
 To carry on the business of general trading , export, import, manufacturing of all
commercial permissible items , dealers, indenters, broker, manufacturing
contractor, general supplier, buying, selling agent , Carrying of all & every kind of
general & special products specially medical health products, perfume, body spray.
5. The partnership shall begin on undersigned date & shall continue until terminated by
resolution.
6. The Net profit of the partnership shall be divided equally between the partners and the
net losses shall be borne equally by them & all liabilities of the firm shall be borne,
mitigated, and managed by both parties.
7. The partners shall have equal rights to give their opinion regarding any matters in the
general meeting of the firms, though, the director & the assistant director (1, 2) will take
final decision but the assistant director & partner who are authorized for the management
of the partnership shall not sign any deed regarding any assets, liabilities or capital maters
without consent of other partners by special meeting.
8. The Partners shall not be entitled to any interest on initial capital or any capitals which
included subsequently unless, a special resolution have been passed to give such rights to
the partners, But if any partner give loan to the firm then the issue of interest will depend
on the negotiation or on loan agreement of the partner with other shareholders.
9. Generally, no shareholder shall be entitled to receive any salary, wages or any reward
from this firm, provided that if all shareholders by special resolution decided to give
salary, premium, reward or whatever that’s name may be to any partner, in addition to
his/her profits/loss, that would be possible if not inconsistent with any provisions of this
deed.
10. All funds of the partnership shall be deposited in a Bank account in the name of the Firm
& all withdrawals from this account are to be made upon checks signed by both partners.
11. The Partnership Books shall be maintained at the principal office of the partnership, and
each partner shall at all times have access thereto. The books shall be kept on a fiscal year
basis, and shall be closed and balanced at the end of each fiscal year. An audit of books
and all accounts shall be made as of the closing date.
12. The Financial transaction, Current deposit account/accounts will be opened with any
scheduled ban/banks as mutually agreed upon by all partner, which will opened with
signatures of two authorized partners (at least ) as per board decision. The financial
transactions, issuing, cheque, promissory notes, bill of exchange or any other negotiable
instruments will be signed by at least two authorized partners’ signatures thereof.
13. The managers, officers, staffs & all direct & indirect workers will be appointed,
dismissed or lay-off by the authorized partners who are being directed as managing
directors.
14. In the event of the Death of any party, the remaining partners will decide about
continuity of that proportion of the partnership by unique decision/resolution, whatever
the deceased representative will be included as shareholder or just competent to inherit
ate just that proportionate of shares (deceased).
15. Bankruptcy of any member will be considered as disqualification to carry on his/her
membership in this firm, that’s why he/she retire by sale or exchange his/her
proportionate share to the remaining members or as the provisions mentioned in any
other parts of this deed.
16. If any Dispute arises at any time, between the partners relating to the explanation of the
deed clause or in any business affairs in that field, the said dispute to be settled by
appointing arbitrators only. No party can go to court on this matter.
 Identification of the partners Pictures with identifiers signs

1. Name : Borhan Uddin Photo :

Father’s Name : Md.Bahar Udiin
Mother’s Name : Kamrun Nahar
Age : 25
Occupation : Business Man
Nationality : Bangladeshi
Mobile Number : 56782 Signatures :

2. Name : Faisal Khan Photo :

Father’s Name : Abul Kalam
Mother’s Name : Liana khan
Age : 25
Occupation : Business Man
Nationality : Bangladeshi
Mobile Number : 67302 Signatures :

3. Name : Sabrina Syeda Purni Photo :

Father’s Name : Raj khan
Mother’ Name : Ayesha Khan
Age : 25
Occupation : Business Woman
Nationality : Bangladeshi
Mobile Number : 61109 Signatures :