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The oldest jade artifacts from Asia (6000 BC) were found in China, where they were used as the primary hard stone of Chinese sculpture. In 3000 BC. J.-C., jade production reached its peak in the Hongsan and Liangzhu cultures in China. During this period, knowledge of jade craftsmanship spread by sea to Taiwan and finally to the Philippines. The artifacts discovered in several places in the Philippines were made from nephrite. Nephrite unethed in the Philippines was of two species: white nephrite and green nephrite. [51] The ambiguity of the Sa Huỳnh culture calls into question its influence in Southeast Asia. The Sa Huỳnh culture is characterized by the use of cylindrical or ovoid funerary vases combined with hat-shaped lids. .

 

11

Oct

2021

The Agreement Of Partnership

By Erik. Posted in Uncategorized | No Comments »

A partnership contract is a contract between two or more people who wish to manage and manage a joint venture in order to make a profit. Each partner shares a portion of the profits and losses of the partnership and each partner is personally responsible for the debts and commitments of the partnership. Partners can agree to participate in gains and losses based on their percentage of ownership, or this division can be assigned to each partner in equal shares, regardless of ownership participation. It is necessary that these conditions are clearly defined in the partnership contract in order to avoid any conflict throughout the life of the company. The social contract should also prescribe the date on which profit can be deducted from the transaction. If two parties have agreed to enter into a partnership and one party refuses to comply with the agreement, the court will not require that person to comply with the agreement, but the other party would have an action for damages against the opponent [note 12]. A social contract does not require the written form to be effective and, depending on the action of the partners, any written agreement may have been replaced by a subsequent oral agreement [note 1]. In other words, a business partnership agreement protects all partners if things get furious. Through the agreement of a clear set of rules and principles at the beginning of a partnership, partners are on an equal footing, developed by consensus and supported by law.

“Partnership agreements need to be well developed for a number of reasons,” said Laurie Tannous, owner of Tannous & Associates Inc. “One of the main reasons for this is that partners` desires and expectations change and vary over time. A well-written partnership agreement can meet these expectations and give each partner a clear map or plan on what the future holds. While business partnerships rarely begin to worry about a future partnership dispute or the dissolution of the business, these agreements may guide the process in the future, otherwise emotions could take over the higher agreement. A written and legally binding agreement serves as an enforceable document and not just an oral agreement between partners. For example, standard state rules often hold that each partner has an equal share of the partnership, although they may have contributed to different sums of money, property, or times. If you want something other than the norm, this contract allows you to fairly distribute the gains and losses among the partners, according to the contributions of each partner or according to your own percentages. Within the framework of the partnership agreement, individuals undertake that each partner will contribute to the activity. Partners may agree to pay capital to the company in cash to cover start-up costs or equipment contributions, and services or ownership may be mortgaged under the Partnership Agreement. As a rule, these contributions determine the percentage of ownership of each partner in the company and, as such, these are important conditions in the partnership contract. If you`re ready to do business with one or more partners, it may be time to enter into a partnership agreement.

With a partnership agreement, you can sketch out the terms of your new business relationship.. . .

 
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