Best Example of Agreement of partnership business

Bismillahir Rahmanir Rahim

Agreement of partnership business

Mr. Md. Abdur Rouf, Father: Md. Abdul Karim, Address: 16 Orana Avenue, Seven Hills, NSW 2/47, Syney, Australia.

-First Party

Mrs. Shahnewaj Begum, Husband: Md. Abdur Rouf, Address: Same.  

-Representative of First Party.

And

Mr Khandakar Shaheen Ibrahim, S/O Sahabuddin Khandakar, 5/20 Fairmount Street, Lakemba, NSW 2/95.

-Second Party

Khandakar Sirajul Islam, do, representative of second party.

Subject: About agreement of two lacs Australian dollars investment by second party to first party according to business demand in wellbeing of above mentioned both parties.

Objective of investment: Second party Khandakar Shaheen Ibrahim is Australian business migration (Sub class-188) TR Visa holder. According to the conditions of the Visa, within next four years second party in Australia according to his fixed commitment through investing cash money installing specific profitable business (Sub class-888) to get PR Visa can place application. First party is a wholesale seller of meat in Sydney and there are effort to export meat in future is underway. Both parties in their own company name ‘Khandakar Export International Australia Private Limited’ aiming to boost more wholesale and exportable meat business, as first party showed interest to apply prior experience and knowledge, second party took decision to invest two lacsTaka.

Investment System: From next 1 March 2017 AD within next six months according to first party’s demand second party will send 2,00,000 Australian dollar at Khanadakar Export International Australia Private Limited’s bank account No- 4573-18932, BSB-012-010, Bank ANZ (Australian). It is mentionable that, the bank account will be operated by first party.

Responsibilities, duty and rights of parties in agreement:

1.     First party in their both name established in the name of ‘Khandakar Export International Australian Private Limited’ will operate business which in subsequent for PR (Sub Class 888) will be demonstrated in immigration. So, for convenience of smooth run of the business, first party at least once in every month will send whole sale and buy, costs and bank statement to the second party or its representative.

2.     First party applying his prior experience and knowledge determined quarterly possible sale/turnover AU$ 2,50,000 goal of ‘Khanadakar Export International Aus Private Ltd.

3.     First party being benefited by the business and investment explicitly and implicitly will send an honorable profit in every month to second party or his nominated representative’s bank account.

4.     As the entire liability of second party’s invested money security will be vested on first party, so first party not being instigated in any way in his own prudence will invest the money.

5.     All audit/auction of operated business in the name of  ‘Khanadakar Export’ according to Australian Government’s law/rules for operating, the first party will take necessary steps.

Time-limit of investment agreement:

The time-limit of investment of second party is from 1 March 2017 to 28 February 2021 (Four Years). But he is benefited by the investment and feels comfort to operate business together; the time-limit can be extended through discussing. Otherwise, first party will hand over his invested money to second party after ending time-limit.

Expiry of investment agreement:

If any party wants to end the agreement, they can draw end of the agreement through written application within six months.

    

Signature: First Party: Representative’s Signature:

Signature: Second Party: Representative’s signature: