Agreement admitting a New Partner
| Updated at | March 2010 |
Agreement made at this __________day of _________between_______and ________ hereinafter jointly referred to as the existing partners of the one part and __________ hereinafter referred to as the new partner of the other part.
WHEREAS
(1) ________________and ___________are carrying on business in partnership in the name of M/s_________ and Company as from the day of ______________under and by virtue of the deed of partnership dated the ___________day of ________ entered into between them.
(2) The existing partners now desire to admit the new partner as an additional partner in the said partnership and the new partner is also willing the join the said partnership on the terms hereinafter provided.
(3) The present book value of their shares in capital contribution of the...
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