Partnership Agreement

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 4

Tax Lawyer and Chartered Accountant Partnership Agreement

This Agreement ("Agreement") is made and entered into on [Date], by and between:

[Name of Tax Lawyer], hereinafter referred to as "Lawyer", residing at [Address], and

[Name of Chartered Accountant], hereinafter referred to as "Accountant", residing at [Address],

Collectively referred to as the "Partners."

Background:

The Lawyer and the Accountant wish to collaborate and form a partnership to provide tax and
accountancy services in Bangladesh. Both parties acknowledge their respective expertise and
wish to combine their skills for mutual benefit.

Terms and Conditions:

Formation of Partnership:

The Partners hereby agree to form a partnership for the provision of tax and accountancy
services under the name "[Partnership Name]."

The Partnership shall be formed on [Date] and shall continue indefinitely until terminated as per
the provisions of this Agreement.

Nature of Business:

The Partnership shall engage in providing tax consultation, advisory, representation, and other
related services, as well as chartered accountancy services, to clients in Bangladesh.

Equal Profit Sharing:


The profits and losses of the Partnership shall be shared equally between the Partners,
irrespective of the capital contribution made by each Partner.

Roles and Responsibilities:

The Lawyer shall be primarily responsible for providing legal consultation, representation, and
ensuring compliance with tax laws and regulations.

The Accountant shall be primarily responsible for handling accounting matters, financial
statements, audits, and ensuring compliance with accounting standards.

Management:

The Partners shall jointly manage the affairs of the Partnership and make decisions on major
issues by mutual agreement.

In the event of a disagreement on a major decision, the Partners shall attempt to resolve the
issue through mediation or arbitration.

Capital Contributions:

Each Partner shall contribute equally to the initial capital of the Partnership, as necessary for
the operation of the business.

Additional capital contributions may be required as mutually agreed upon by the Partners.

Banking and Financial Matters:

The Partners shall open a joint bank account in the name of the Partnership for conducting
business transactions.

All income, expenses, and financial transactions of the Partnership shall be recorded and
maintained in accordance with accounting standards.

Termination:

This Agreement may be terminated by mutual agreement of the Partners.

In the event of termination, the assets and liabilities of the Partnership shall be liquidated and
distributed equally among the Partners.

Confidentiality:
The Partners shall maintain strict confidentiality regarding the affairs of the Partnership and any
confidential information obtained during the course of business.

Governing Law:

This Agreement shall be governed by and construed in accordance with the laws of Bangladesh.

Signatures:

The undersigned hereby acknowledge that they have read and understood the terms and
conditions of this Agreement and agree to be bound by its provisions.

Lawyer: ________________________ Date: _______________

Accountant: _____________________ Date: _______________

Witness: ________________________ Date: _______________

[Signatures of witnesses are required for validity]

This Agreement constitutes the entire understanding between the Partners and supersedes all
prior agreements, whether written or oral, relating to the subject matter herein. Any
modifications to this Agreement must be made in writing and signed by both Partners.

You might also like