ARTICLES OF PARTNERSHIP

OF
____________________

KNOW ALL MEN BY THESE PRESENTS:

These Articles of Partnership, made and executed by and among:

_______________________, Filipino citizen, residing at

________________________________;
_______________________, Filipino citizen, residing at
________________________________; all of legal age, witnesseth:
1. That they have formed a partnership among themselves under the name
______________________;

2. That the purposes for which said partnership is formed are:

a.

3. That the principal office of the partnership shall be located at

________________________________________________________;

4. That it is hereby stipulated that ________________________ shall be the

partner to whom the management of the firm and the use of its signature shall
be entrusted, and she shall exercise such powers necessary to attain the
purposes of this partnership, including the power to draw drafts, bills of
exchange and other negotiable instruments and accept the same for and in
the name of the firm; to appoint and dismiss employees and to fix their tenure
and compensation; to deposit money in banks and with the counter-signature
of the Treasurer, withdraw the same for purposes of the partnership; etc.
______;

5. That the term of existence of this partnership shall be _________ years from
and after the execution of these articles;

6. That the capital of the partnership shall be contributed by the partners, as

follows, to wit:

______________________________, ₱______________;
______________________________, ₱______________; thereby making a
TOTAL CAPITAL of _____________________________, ₱______________;
 7. That the profits and losses shall be divided share and share alike among the
partners of the partnership (or in such proportion as the partners may
stipulate);
8. That the managing partner is hereby given a salary of
____________________ Pesos (₱______________) per month;

9. That if a dispute arises under this Agreement, the Partners agree to first try to
resolve the dispute with the help of a mutually agreed-on mediator. The
Partners will share any costs and fees other than attorney fees equally.

10. That this agreement cannot be amended without the written consent of all
Partners.

11. That, if during the term of the partnership, any of the partners shall die, the
partnership shall continue among the surviving partners, unless one of the
latter expressly requests for dissolution.

IN WITNESS WHEREOF, the parties hereto have hereunto set their

hands, this _____ day of ____________, 2021, in ________________, Philippines.

__________________________________

__________________________________

(Signature of Partners)

______________________________
(Witness)
______________________________
(Witness)

ACKNOWLEDGEMENT

BEFORE ME, this ______ day of ____________, 2021 in the City of

__________________, Philippines, personally appeared ____________________, with
I.D. No. _________________ issued at ___________________, on ______________,
known to me to be the same person who executed the foregoing instrument, and he
acknowledged to me that the same is his free act and deed.
 WITNESS MY HAND AND SEAL this ____________________ at
___________________, Philippines.

NOTARY PUBLIC
Doc No.___________;
Page No.___________;
Book No.__________;
Series of __________;