Drafts & Deeds

Legal document are signed and executed by nearly everyday at some point in their life.Be it Partnership deed, a purchase of property or a Power of attorney -a well drafted document saves a lot of problams in the future.
 
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Hire Purchase Deed

AGREEMENT FOR HIRE-PURCHASE OF MACHINERY

THIS AGREEMENT made at ........................ (Give place) this......................... (Give date) day of.......................... (Give month) 200 ........................(Give year) Between..............................(Give name) a company incorporated under the Companies Act, 1956, and having its registered office at........................(Give address) (Hereinafter called "the Owner") of the FIRST PART and Shri................son of ..................resident of .............................(Give details) (hereinafter called "the Hirer") of the SECOND PART and Shri A son of...................... resident of............................. (Give details) (Hereinafter called "the Surety") of the THIRD PART.
 
WHEREAS
  1. The hirer has vide his letter dated............... (Give date) requested the owner to provide finance for the purchase of _ (Give details)
  2. The owner has by its reply dated........................ (Give date) agreed to provide finance for the purchase of _on the terms and conditions laid down in the said letter and the documents to be executed for the said purpose.
  3. The hirer has placed an order with M/s............................ (Give name) for the purchase of.........................
  4. The owner has provided the finance by making payment of an amount of Rs._ (Give amount) vide cheque No.................... dated..................... drawn on................ (Give details) to the supplier......................... (Give name)
NOW IT IS AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS: 
  1. The owner, shall let and the hirer shall take on hire from the............................(Give date) day of..........................(Give month) the.......................... with fittings, tools, and accessories, more particularly described in the Schedule hereto
  2. On execution of these presents, the hirer shall pay a sum of Rs.................. (Give details) to the owner as initial payment by way of hire and shall during the continuance of this agreement pay to the owner at his address by way of rent for the hire of the said.......................... the monthly sum of Rs...................... (Give details)
  3. The first payment is to be made on the........................ (Give date) Day of...................(Give month) and the next and each subsequent payments on the_. (Give date) Day of each succeeding month during the said term. 
  4. During the continuance of the agreement, the hirer shall-
    1. not sell or offer for sale, assign, mortgage, pledge, underlet, let or otherwise deal with the said.......................... or any part or parts thereof or with any interest therein;
    2. keep the said................... in his own possession and will not remove the same or any part or parts thereof from the place where such ___. is for the time being situated without the previous consent in writing of the owner;
    3. not allow any lien to be created upon the said ...........................whether for repairs or otherwise and will duly and punctually pay all rents, taxes, rates, charges and levies payable in respect of the premises wherein the said ........................shall for the time being be situated and produce all receipts for such payment to the owner on demand and will protect the said _ against distress, execution or seizure;
    4. use the ...........................in a skilful and proper manner and shall at his own expense keep the said .......................... in good and substantial repair and condition (reasonable wear and tear excepted);
    5. keep insured the .............................. during the period of hiring against any loss or damage by hire or otherwise in the sum of Rs....................... (Give sum) with an insurance company in the name of the owner and deliver the policy of such insurance to the owner and duly and punctually pay all premiums necessary for keeping the said insurance effective throughout the period of this agreement:

Provided that in case the hirer shall at any time fail to effect or keep effect the said policy by making default in any payment of premium, the owner shall be entitled to effect such insurance and pay the premium to the said insurance company and the hirer shall forthwith pay to the owner all the premiums and other sums paid by the owner;

    1. not do or omit to do any act which may result in seizure and/or confiscation of the .......................by the Central or State Government or local authority or any public officer or authority under any law for the time being in force.
  1. If the said .................................. shall be destroyed or damaged by fire or otherwise, all moneys received or receivable in respect of such insurance as aforesaid shall forthwith be received by the owner who shall as the case may require, apply such money either in making good the damage done or in replacing the said..................................... by other articles of similar description and value and such substituted articles shall become subject to the provisions of this agreement in the same manner as the articles for which they shall have been substituted.
  2. The hirer may determine the hiring at any time by giving............................ (Give no.) days notice in writing to the owner at his address for the time being and by returning the said ............................ at the hirer's own risk and expense and shall thereupon forthwith pay to the owner all hire charges upto the date of such determination and other sums due under the agreement and 25% of the balance of the total hire charges still to fall due as settled compensation.
  3. If the hirer shall make default in punctual payment of the monthly sum so to be paid by him for the hire of the said............................... or fails to perform the terms and conditions of this agreement on his part to be observed and performed or if the hirer shall do or cause to be done or permit or suffer any act or thing whereby the owner's rights in the said......................... may be prejudiced or put in jeopardy, the owner may without notice determine the hiring and it shall thereupon be lawful for the owner to take possession of the said..................... and for that purpose to enter into or upon any premises where the same maybe kept. If the agreement is determined before the property in the said........................ passes to the hirer, the hirer shall forthwith return to the owner, policies and other documents relating to the said ........................
  4. If the hirer shall duly perform and observe all the terms and conditions in this agreement and the covenants on his part to be performed and observed and shall punctually pay to the owner the sums specified in clause 2 hereof amounting (together with the said sum of Rs..................... (Give details) so paid on the execution of this agreement as aforesaid) to the sum of Rs........................ (Give details) then the hiring shall come to an end and the said.................... shall become the property of hirer and the owner will assign and make over all his rights, title and interest in the same to the hirer but until such payments have been made, the.......................... shall remain the property of the owner.
  5. In consideration of the owner letting the said.................... to the hirer at the rent and under the agreements and conditions hereinbefore expressed, the surety hereby guarantees the due payment of the said rents and all other sums of money which may become payable under this agreement and the performance and observance of the said agreements and conditions by the hirer and this guarantee shall not be prejudiced by the owner neglecting or forbearing to enforce this agreement against the hirer or giving time for the payment of the said rents when due or delaying to take any steps to enforce the performance or observance of the said agreements or conditions or granting any indulgence to the hirer.
  6. The parties to this agreement hereby declare that they have fully understood the meaning of all the clauses, terms and conditions of this agreement and they have accepted and executed this agreement with full knowledge and understanding of the obligations herein.
IN WITNESS WHEREOF, the parties have executed this agreement on the day and the year first hereinabove written.
 
The Schedule above referred to :(Particulars of the_)
 
WITNESSES:
   
                                             Signed by the company within named by it's authorised signatory
    
Signed by _ the within named hirer
   
   
   Signed by _ the within named hirer
   
   
                                           Signed by_ the within named surety

Lease Deed

LEASE DEED OF A BUILDING FOR OFFICE
 
This of Lease Deed is made at _(Give place) on this_. (Give date) day of _ (Give day) 200. (Give year) between Shri_, son of _ (Give names) resident of _ (Give address) (Hereinafter called "the Lessor", which expression shall, unless repugnant to the context and meaning include his heirs, successors, administrators and assigns) of the ONE PART and Shri_, son of _, resident of _(Give details) (Hereinafter called "the Lessee", which expression shall, unless be repugnant to the context and meaning, include his heirs, successors, administrators and assigns) of the OTHER PART.
 
WHEREAS
  1. The Lessor is in complete possession of the building bearing Municipal No_ (Give no.) Situated at _ (Give address) and more particularly described in the schedule I given below.
  2. On the request of the Lessee, the Lessor has agreed to grant lease in respect of the demised premises for a term of _ (Give no.) years in the manner hereinafter stated. 
NOW THIS DEED WITNESSETH AS FOLLOWS:
  1. In pursuance of the said agreement and in consideration of the rent hereby reserved and of the covenants, conditions and stipulations hereinafter contained and of the Lessee's part to be paid, observed and performed, 
THE LESSOR HEREBY DEMISES UNTO THE LESSEE ALL THAT the building bearing Municipal no_ situated at__. and hereinafter called as the demised premises, TOGETHER WITH ALL the fixtures and fittings therein, a complete list whereof is given in Schedule II, hereto TOGETHER WITH the electrical installations and together with the right for the Lessee, its employees, servants, agents, customers and persons authorised by the Lessee in common with the Lessor and all the persons authorised by the Lessor to use the entrances, door ways, entrance hall, stair cases, landings and passages in the demised premises for the purpose of ingress thereto.
    1. The Lessee shall occupy the demised premises for the period of _ (Give no.) years only commencing from the_ (Give date of commencement) and determining on _ (Give date).
    2. The Lessee shall pay to the Lessor during the said term monthly rent of Rs. _ (Give sum) payable by seventh of each succeeding calendar month to which it relates.
    3. The Lessee has paid to the Lessor a sum of Rs_(Give sum) as security deposit and a sum of Rs_ (Give sum) as advance rent, the receipt of which the Lessor acknowledges.
    4. The security deposit shall be returned on determination of the lease after deduction for damages if any to the property except reasonable wear and tear expected and the advance rent paid shall be adjusted _ (specify the time in which the advance will be adjusted).
  1. The Lessee hereby covenants with the Lessor as follows:
    1. To pay the rent as aforesaid on the days and in the manner aforesaid.
    2. To pay the electricity bills for the electricity consumed for lighting the demised premises and for operation of Air Conditioners, Fans, Computers and electrical appliances in the demised premises.
    3. Not to make any structural alterations into or upon the demised premises or make any alterations or addition to the external appearance or any part of the demised premises without the previous consent of the Lessor in writing.
    4. To use the demised premises for office purposes of the Lessee.
    5. Not to place or keep or permit to be placed or kept on the demised premises any offensive, dangerous or highly inflammable or explosive material or any other article or things, which may constitute a danger, nuisance or annoyance to the demised or surrounding premises or the owners or occupiers thereof.
    6. Not to sub-let, transfer, assign or part with the possession of the demised premises or any part thereof.
    7. To permit the Lessor, his servants, employees or agents duly authorised by him to enter into and upon the demised premises at all reasonable times for viewing the condition of the demised premises or doing such works or things as may be requisite or necessary for any repairs, alteration, servicing or improvements to the demised premises.
    8. To hand over the peaceful possession of the demised premises at the end or the sooner determination of the said term together with all the Lessor's fixtures and fittings in as good condition as received
    9. Not to obstruct or suffer to be obstructed the entrance hall, entrances, doorways, passages, staircase or lifts.
    10. To insure and keep the demised premises insured against loss or damages by fire with an insurance company approved in writing by the Lessor for an amount which shall be not less than Rs. _(Give sum) unless otherwise agreed to in writing between the parties.
    11. To carry minor repairs in the demised premises not exceeding the extent of Rs _(Give sum) per year.
    12. To replace all broken fittings and fixtures by equally good or better substitutes.
  1. The Lessor hereby agrees with the Lessee as follows:

  1. That the Lessee shall peaceably and quietly hold, possess and enjoy the demised premises during the term without any interruption, disturbance, claim and demand by the Lessor or any person lawfully claiming under or trust for the Lessor.
  2. To keep the interior, exterior of the demised premises, the drainage thereof and the water pump in good and tenable repair and condition.
  3. To keep the entrance, door ways, entrance halls, staircases, lobbies and passages in the said building leading to demised premises well and sufficiently cleaned and lighted at his own expenses.
  4. To pay rates, taxes, assessment, duties, cess, impositions, outgoings and burdens whatsoever payable to local or other authority which may at any time or from time to time during the term hereby created be imposed or charged upon the demised premises. 
  1. It is hereby agreed that if the rent or any part thereof payable in respect of the demised premises shall be in arrears for a period of two months or if the Lessee shall omit to perform or observe any covenants or conditions on the Lessee's part herein contained, the Lessor may re-enter upon the demised premises after serving a notice to the Lessee.
  1. If within a period of one month after the issue of such notice, the Lessee does not pay the rent or does not perform or observe the covenant or condition and thereupon all rights of the Lessee hereunder shall determine. 
  1. IT IS HEREBY EXPRESSLY AGREED BETWEEN THE PARTIES AS FOLLOWS:
    1. The Lessee shall be entitled to erect temporary fittings, fixtures, wooden partitions, cabins or make any such addition or alteration, as may be necessary for its use by the Lessee; provided that the Lessee shall remove the said fittings, fixtures, wooden partitions, cabins, additions or alterations and restore the demised premises to the Lessor on the expiry of the term or sooner determination of the lease in the same condition as existed before making such changes.
    1. If the Lessor fails to pay the taxes, charges, assessment payable by him, or fails to carry out the necessary repairs and other work which he has to carry out as provided herein, the Lessee may after one month notice in writing, pay, discharge and carry out the same at its own cost and the Lessee may set off the same from the rent payable to the Lessor under these presents.
  1. The stamp duty and all other expenses shall be borne and paid by the Lessee.

                    The Schedule I above referred to

                    The Schedule II above referred to

WITNESSES

  1.  

Signed by the above named Lessor.

  1.  

Signed by the above named Lessee

Mortgage Deed

This Deed of Mortgage made at ................. (Give place) this .................... (Give date) Day of ...................... (Give month) 200... between X, son of.............................. resident of.......................(Give details) hereinafter called as a mortgagor of the ONE PART and Y, son of........................ resident of ..................... (Give details) hereinafter called as a mortgagee of the OTHER PART.
 
WHEREAS the mortgagor is absolutely seized and possessed of the house bearing no .................. situated at.................... (Give address) more particularly described in the schedule hereunder written
 
AND WHEREAS the mortgagor has requested the mortgagee to lend him a sum of Rs............... (Give amount) which the mortgagee has agreed on the mortgagor mortgaging his property.
 
NOW THIS DEED WITNESSETH THAT in pursuance to the said agreement and in consideration of the sum of Rs.............. (Give amount) at or before the execution of these presents paid by the mortgagee to the mortgagor (the receipt whereof, the mortgagor hereby admits and acknowledges), the mortgagor hereby covenants with the mortgagee that he will pay on the................... (Give date) Day of.........................(Give month) (hereinafter called "the said date"), the said sum of Rs....................(Give amount) with interest @.......... % per annum from the date of these presents till the repayment of the said sum in full every quarter.
 
The first installment of interest to be paid on the..................... day of.............200........... and each subsequent installment on the............... day of July, October, January and April of each succeeding year until the said sum is repaid in full. (clarify payment terms)
 
AND THIS DEED FURTHER WITNESSETH THAT
 
In consideration aforesaid, the mortgagor hereby transfers by way of mortgage his house bearing no ................. (Give no.) situated at ................ (Give address) as a security for repayment of the said sum with interest @................... Per annum with the condition that the mortgagor, his heirs, executors, administrators or assigns shall on the said date pay to the mortgagee, his heirs, executors, administrators or assigns the said sum of Rs … together with interest thereon at the rate mentioned above.
 
AND IT IS HEREBY AGREED AND DECLARED that if the mortgagor does not pay the said mortgage amount with interest the mortgagee shall be entitled to sell the said house through any competent court and to realise and receive the said mortgage amount and interest, out of the sale proceeds of the house.
 
AND IT IS FURTHER AGREED AND DECLARED by the mortgagor that during the period, the mortgage amount is not paid and the said house remains as a security for the mortgage amount, the mortgagor shall insure the said house and take out an insurance policy in the joint names of the mortgagor and mortgagee and continue the said policy in full force and effect by paying premium and in case of default by the mortgagor to insure or to keep the insurance policy in full force and effect, the mortgagee can insure the said house and the premium paid by the mortgagee will be added to the mortgage amount, if not paid by the mortgagor on demand.
 
AND IT IS FURTHER AGREED THAT the mortgagor can grant lease of the said house with the consent of the mortgagee in writing.
 
AND THE MORTGAGOR FURTHER AGREES that he shall bear stamp duty, registration charges and other out of pocket expenses for the execution and registration of this deed and reconveyance deed.
 
IN WITNESS WHEREOF the parties have signed this deed
 
                                             The Schedule above referred to

WITNESSES:

1.

Signed by X the within named mortgagor

2.

Signed by Y the within named mortgagee

Service Agreement

THIS AGREEMENT made at...(Give place) this. (Give date) day of .., (Give month) 200 .., (Give year) Between ...., (Give name of company) a company incorporated under the Companies Act, 1956 and having its registered office at ......, (Give address) Hereinafter called the company, of the ONE PART and Shri.......son of.........resident of...... (Give details) of the OTHER PART.
 
WHEREAS
  1. The company is engaged in the business of ........... (Give details of business) having it's factory at...........(Give address)
  2. The company wanted to employ a manager for its factory and for that purpose advertised the vacancy in the leading newspapers and after interviewing all the candidates, who had applied for the post, has selected Shri............for the post of Manager. 
NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:
  1. The company appoints Shri........... as the Manager for its factory at....... (Give address) And Shri.......... has agreed to act as such Manager.
  2. The company will pay a salary of Rs......... (Give amount) per month and will also provide free furnished accommodation, telephone at residence, reimbursement of fee for membership of one club at his choice, and car with driver for official and private use.
  3. He shall devote his full time, skill and attention to the business of the company and promote the interests of the company.
  4. He will be entitled to ordinary leave of ........ (Give no.) days in a years, and casual leave of......... (Give no.) days in a year. However, he will not avail ordinary leave without prior sanction of the same by the Managing Director.
  5. He will work under the direction and supervision of the Managing Director and Board of Directors and he will carry out the assignments and duties entrusted to him by the Managing Director or Board of Directors from time to time.
  6. He will not without prior permission in writing of the company, engage in any other service or business directly or indirectly during the term of his employment with the company. However he may contribute articles to newspapers, journals and magazines.
  7. He shall not work with a competing company carrying on the same business and he shall not start a competing business of the same nature on his own or in partnership with another for a period of........ Months (Give details) after termination of this agreement
  8. After termination of this agreement, he will not divulge any trade secrets or information relating to the business of the company, which he will come to know during his employment with the company to any party.
  9. This agreement will be for a period of .........(Give no.) years from the date of these presents and the company may renew this agreement on the terms and conditions mutually agreed between the parties at the time of renewal. The company may terminate this agreement by giving three months notice to him or salary in lieu thereof without assigning any reason. He may also terminate this agreement before the expiry of this agreement by giving three months notice.
  10. This agreement will be executed in duplicate and the original will remain with him and the duplicate with the company.
IN WITNESS whereof the parties aforementioned have executed this agreement on the day and year first above mentioned.
 
WITNESS
  1.                                                       Signed by within named company  through it's authorised official

 

  1.                                                                     Signed by the within  named Shri....
 
CHECKLIST
 
The following clauses should be incorporated in a service agreement.
  1. Nature of employment
  2. Duties of employee
  3. Period of service
  4. Salary
  5. Leave, bonus, etc.
  6. Termination of agreement
  7. Secrecy clause

Special Power of Attorney

Special Power of Attorney
 
SPECIAL POWER OF ATTORNEY BY A PERSON GOING ABROAD TO AUTHORISE GRANT LEASE OF A HOUSE
 
BY THIS POWER OF ATTORNEY executed at.................... (Give name of place where executed) on this.......................... (Give date) day of................... (Give month) 200... (Give year) I, ...................................... (Give name) aged................. (Give age) years, son of Shri- .....................................(Give name)) and about to leave India on................... (Give date) do hereby nominate, constitute and appoint, Shri...(Give name) son of Shri ............... resident of................................. (Give details) presently residing at.................................... (Give addess) As my attorney for me, in my name and on my behalf to do or execute all or any of the following acts or things in connection with the Lease of my house situated at...................................... (Give address)
  1. To let lease or give on lease the whole or any part or parts of the said house on such terms and conditions as the said attorney in his absolute discretion thinks fit, accept surrender of possession from such tenant lessee or licensee or other occupier and to take possession and receive rents, profits and income from he said house in whole or in part.
  2. To execute and deliver on my behalf tenancy, agreement, lease deed, licence agreement as may be necessary for letting, leasing or licensing the whole or any part parts of the said house.
  3. To repair from time to time, whitewash, colour wash and do other acts and things to keep the said house in good repair and condition.
  4. To pay, settle, adjust and deduct and allow all accounts, claims and demands or rent, assessment and repairs and other outgoing in respect of the said house.
  5. To collect and receive from the licences, tenants and occupiers of the said house all licence fees, rent and other such of money that may be due and to take all lawful proceedings for recovery of he said sums.
And I hereby agree to ratify and confirm all and whatsoever attorney shall do cause to be done by virtue of these presents.
 
WITNESS
  1.  
  1.  

Signed by the within named

Agreement to Sell

THIS AGREEMENT to sell made at...... (Give place) on this ..... ...........(Give date) day of ........ (Give month) 200_ Between A, son of ......... resident of.......... (Give details) hereinafter called the vendor of the ONE PART and B, son of ....... resident of ......... (Give details) hereinafter called the purchaser of the OTHER PART.
 
WHEREAS the vendor is absolutely seized and possessed of the house more fully described in the Schedule hereunder:
 
WHEREAS the vendor has agreed to sell his house to the purchaser on the terms and conditions hereafter set-forth.
 
NOW THIS AGREEMENT WITNESSETH AS FOLLOWS
  1. The vendor will sell and the purchaser will purchase the house bearing no,........ situated at.........., (Give details) more particularly described in the Schedule hereunder for a price of Rs .......... (Give the price) free from all encumbrances.
  2. The purchaser has paid a sum of RS........... (Give details) as earnest money on......... (Give date) (the receipt of which sum, the vendor hereby acknowledges) and the balance amount of consideration will be paid at the time of execution of conveyance deed.
  3. The sale shall be completed within a period of........ (specify period) months from this date and it is hereby agreed that time is the essence of the contract.
  4. The vendor shall submit the title deeds of the house to the purchaser within one week from the date of this agreement for investigation of title and shall report the same to the vendor.
  5. If the purchaser finds that the vendor's title is not clear, the vendor shall refund the earnest money, without interest to the purchaser within ........ (specify period) days from the date of intimation about the report by the purchasers. If the vendor does not refund the earnest money within ........ (specify period) days from the date of intimation about the report, the vendor will be liable to pay interest @ ........... (Give interest rate) p.m. upto the date of repayment of earnest money.
  6. The vendor declares that the sale of the house will be without encumbrances.
  7. The vendor will hand over the vacant possession of the house on the execution and registration of sale deed.
  8. If the purchaser commits breach of the agreement, the vendor shall be entitled to forfeit the earnest money paid by the purchaser to the vendor and the vendor will be at liberty to resell the property to any person.
  9. If the vendor commits breach of the agreement, he shall be liable to refund earnest money, received by him and a sum of Rs ......... (Give details) by way of liquidated damages.
  10. The vendor shall execute the sale deed in favor of the purchaser or his nominee as the purchaser may require, on receipt of the balance consideration.
  11. The vendor shall at his own cost obtain clearance certificate under section 230A, Income tax Act, 1961 and other permissions required for the completion of the sale.
  12. The expenses for preparation of the conveyance deed, cost of stamp, registration charges and all other out of pocket expenses shall be borne by the purchaser.
Schedule above referred to
 
(Give details of the house referred to in the agreement)
 
IN WITNESS WHERE OF the parties have set their hands to this Agreement on the day and year first hereinabove written.
 
WITNESSES
  1.  
  1.  
Signed by A _ the within named vendor
 
Signed by B _ the within namedpurchaser

Partnership Deed

PARTNERSHIP DEED

THIS DEED OF Partnership made this.........(Give date) day of .......(Give month) 200..(Give year)between A, resident of .....(Give address) of the ONE PART, and B, resident of ......(Give address) of the SECOND PART and C, resident of _ (Give address) Of the THIRD PART.
 
NOW THIS DEED WITNESSETH
 
That it is hereby mutually agreed that the said A, B, and C shall become partners in the trade or business of _(Give the nature of business) upon the following terms and conditions:
  1. The partnership shall commence on the _(Give date) day of_ (Give month) 200_. (Give year) in the name of _ (Give the name of the firm) and shall continue for a period of _ years, until determined in the manner and upon the conditions as hereinafter provided.
  2. The partnership business shall be that of _ (Give details of the business) and such other business or business as the partners may from time to time unanimously agree upon.
  3. The capital of the partnership shall be the sum of RS _ (Give the capital) and shall be contributed by the partners in equal shares and shall belong to the partners in such equal shares.
  4. The profits and losses of the business (including loss of capital) shall be divided and borne by the partners in equal shares.
  5. That each partner shall be whole time working partner and they shall be paid Rs_. (Specify amount) as salary for services rendered to the partnership business.
  6. The firm shall maintain all necessary and proper books of account at its office and entries of all receipts, payments and other matters as are usually done and entered in account books, shall be made in the books of account. The bankers of the partnership shall be _ branch _ and such other bank or banks as the partners may from time to time unanimously agree upon. (Give the name of the bank and its branch)
  7. Neither partner shall directly or indirectly engage in any other business.
  8. Neither partner shall without the consent of the other partner-
    1. Assign, mortgage or charge his share in the assets or profits of the firm.
    2. Draw, accept or indorse any bill of exchange or promissory note on account of the firm.
    3. Enter into any bond or become surety for any person or persons or knowingly cause or suffer to be done anything whereby the partnership property may be endangered.
  9. If either partner commits any act of bankruptcy or any criminal offence or any breach of any of the provisions of this deed any act which would be a ground for the dissolution of the firm by the court or any partner becomes physically or mentally unfit to attend the business, then in any such case, the other partner may within one month after becoming aware thereof, determine the partnership by notice in writing and in such case he or any other partner shall have the option of purchasing the share of the partner committing breach or default, in the capital and assets of the business.
  10. All disputes between the partners or the partners and the representatives of a deceased partner in relation to any matter whatsoever touching the partnership affairs or the construction or interpretation of this agreement, and whether before of after the determination of the partnership shall be referred to a single arbitrator to be appointed by _ and the decision of such arbitrator shall be final and binding. (Give name of the person or authority who will appoint the arbitrator)
IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year first hereinabove written.
 
WITNESSES                                                              Execution
 
  1.  

Signed and delivered by the above named A

  1.  

Signed and delivered by the above named B

 
 
Signed and delivered by the above named C

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