Jinf Partnership Agreement Form

JINF

This partnership agreement (‘Agreement’) is made and effective this date ………………………. BETWEEN JINF (Joint Initiative Non-profitable Foundation), a common initiative group, under licence with certificate no. SW / GP / 27 / 03 / 3380 of the 05th March 2003 with its head quarters situated in Kumba; Meme division South – West province Address in full:- JINF Joint Initiative Non-profitable Foundation. Head quarters Buea road, Kumba. Head office Bonanjo, Douala. P.O. Box 3342, Douala. Tel 0237 - 33075832 Littoral province, Cameroon. AND Of the other part as an individual / cooperate person / organization / government with its main address located in, under the Address in full ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… Recitals  Partners decided to join together in pursuit of the same goal as to alleviate poverty and fight against corruption.  Partners have considered various form of joint business to be a lucrative one for both parties as to the terms and conditions of business practice.  Partners have decided to come into ‘partnership agreement’ as the most advantageous business form for their mutual understanding and trust to collaboratively build an interest zone for both parties.  Partnership between both parties decides to form a limited partnership under law governing the protection of mutual interest.  Partnership of both parties shall share mutual interest and loss as to the present situation of their joint business. As consideration of mutual promises, contained in this partnership act, partners have agree as follows

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©

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a.) Name and Domicile The name for partnership business shall be acronym …………………………………………... and Otherwise ……………………..…………………………………………………………………………………………… The principal place of business shall be ……………………………………………………………..…………. Unless relocated by concession of partnership by both parties to another location b.) Purpose Subjected to the limitation set forth in this agreement, the purpose of this partnership is to engage both parties onto a business of nature …………..……………………………….……………..; and to conduct other activities as may be necessary to, or related to, or incidental to, or desirable to, in the connection with the forgoing activity. c.) Duration The terms of this agreement shall be for a period of ………………….……………….…………years; Commencing on ………………………………………. And ending on …………………………….…………… unless sooner terminated / dissolved by consent of both parties or by operation of the provision of this agreement. d.) Classified and performance of partners -

Partners shall be classified as active, advisory, investment partners An active may become an advisory partner unrespectable of the age but the know how. If an active partner dies, his estate becomes an estate for ………. Before uphold by …. And if then his/her estate is owned by the organization. Every active partner shall automatically become an advisory partner In case of death, any active member could perform the function and obligations of the by gone member for the success of their partnership agreement.

e.) Contributions -

Business deal/cooperation shall amount to ……………………………………………………..In words ……..…….……………………………………………………………………………………………..…..

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Partnership business shall be on percentage ratio of …………..…… and ……………..…….

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Each active partner shall contribute ………….………% and …………………% on or before ………………………………………………… to be used as capital share for business start off Any additional share by active partners shall be placed on an optional investment funding scheme for the growth of their partnership business.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©

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Member parties could join this partnership business as share investment ratios towards the growth of the business. Members will contribute mutually and exchange values as to the growth of this partnership business.

f.) Management This partnership shall be managed by limitations set aback, implemented by both parties as to the smooth running of their activities in this joint venture business. The introduction of ad-hoc committee shall be put in place by the board of partners and directors for the smooth running of activities and the organisation of business venture related to partners.

h.) Dissolution and termination of ‘partnership agreement’. This partnership shall be dissolved and its affairs shall be wound up! upon the happenings of the first to occur on the following - By a date designated by partners, activities shall be terminated on ……………………… - The sales or other liquidation of the partnership asserts shall be reallocated in cash and share accordingly whereof determined by both parties. - One of the partners committed an illegal / malpractices / unproven actions against the interest of this partnership agreement shall lead to lawful actions. h.) Partnership Business Expenses The partnership business expenses shall be incurred by both parties. These expenses shall be presented in forms listed below. But in case of eventualities concerning this joint partnership business, the expenses shall be shared accordingly, accepted on percentage ratios by both partners. -

Rents of building / apartment / store Electricity bills / Water Bills. Tax payments. Ad-hoc committee salary bills. Insurance policy within or whereof business. Materials and other materials. Transportation and their costs. Marketing and communication.

i.) Meetings -

Meetings of members shall be allocated at any place whereof the partners decide against forth coming events. Agenda of meetings shall be prepared by partners according to the acuities in place. Joint business venture is top priority for partners during gatherings. Meeting interests lies as perpetuated values for the protection of our diverse resources.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©

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j.) Authority • •

No partner shall buy any good, or article, or either enters into any contract; with other partners wherein or whereof for the benefit of individualism towards their joint business. No amount of expenditure exceeding the set bill as proposed, and approved by both partners will not be a guarantee for payment if not agreed upon. Business expenses shall be our priority for the development of mutual trust and the growth of this business.

k.) Separate debts No partner shall enter into any bond, or partnership, or become surety, or consigner, or provide guarantee to any person(s) / organisation(s) governments(s) as security risk shall be against the growth of party relationship. He / She shall punctually pay his financial defaults wherein and whereof. l.) Books and record keeping o Books and records of this joint business activities shall be maintained by partners and proper entry met to keep up to date data information’s. o Each partner shall have free access to bookkeeping reports of the running of this partnership business agreement. o Data records shall be analysed and saved on a secured server. m.) Account and auditing.    

The accounting of this joint partnership business shall be entrusted upon a financial house for the presentation of a scale of investment opportunities and losses. Reports of partnership agreement shall never be influenced by any partner whereof. Partners shall mutually understand and keep to the audit reports of this business. Data record accounts and auditing shall be analysed and saved on a secured server.

o.) Division of profit and loss. Profit and loss of this joint business shall be shared upon by both parties, agreed as to the risk and rewards of business ventures. ∼ Profit from this partnership business shall be shared according to per capital invested in the business. ∼ Profit shall be disbursed or reinvested into this business according to the will of any of both partners. ∼ Profit shall be disbursed after seasonal checks and reports of account auditing accepted by both parties. i. e. 3 – 6 – 9 – 12 months respectively or otherwise. ∼ Loss from this partnership business shall be incurred by partner that fails to perform his / her roll as to the smooth running of the business. ∼ Loss from this partnership business shall be incurred by partner that under goes unscrupulous and mal practical functions.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©

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JINF

p.) Advance draws ∼ Each partner is not liable to withdraw from partnership should he / she for cast reasons for withdrawal as a copyright author of business transactions. ∼ The withdrawal of any partner in this business shall, be of prior reasons deposited with explosives dimensions to and the advance draws of partnership. ∼ Partnership withdrawal shall be indebted to financial sanctions before actions for reasons put in place and approved by both parties. ∼ The reasons for advance draws shall be determined by both parties as to their durations. q.) Salary No partner shall receive salary except benefit interest, as to the functioning of this joint business…………………..…. r.) Retirement The retirement of partners shall be secured after potential existent of partnership wherein and whereof. Potential boundaries for retirement of partners shall be defined on the related mutual trust and understanding by both parties. s.) Death of partner The death of a partner shall never entice and entrust the definition of this joint business, by termination; except agreed upon by partners, on the duration and exchange of power potentials on wills. t.) Employment The employment of human resource as labourers shall be agreed upon by both parties Their potentials shall be registered and proven skilful on the various definitions of functions towards activities. Both partners shall share mutual benefits for the progress of their activities as partnership business. u.) Covenant against release of business secrets This covenant signed this day shall act as prove of acceptance against business secrets for the mutual understanding and benefit of this joint venture business.

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©

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Entry agreement This agreement entry contains the entire understanding of the parties, and there are no commitment agreements, or understanding between partners other than those expressly set forth herein. This agreement shall not be altered, waived, modified, or amended except in written; signed by both parties hereto and notarized. In witness whereof, the parties have executed this business partnership agreement at upon approval, at …………………………………………………………………………………………………………….

Officials:-

First Partner Names: - ………………………………………………….……………………………………………………………... Second Partner Names: - ………………………………………………….……………………………………………………………... Witness Name and Signature

01st Partners Signature

02nd Partners Signature

This document and all its contents are confidential. No form of reproduction, whether electronic or physical, of this document, in full or in part, is permitted without prior consent, in writing, from JINF. ©

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