Cpa Partnership Agreement Template

However, each partner is expected to give partnership matters the time and attention that is defined from time to time with the agreement of the partners. No partner is entitled to a salary or compensation for services provided for the partnership or another partner. Except as provided for in point 10.B.3 above, this partnership can only be broken with the unanimous agreement of the partners. After dissolution, the partners will promptly liquidate the transaction and the assets of the partnership and liquidate their activities by selling all the assets of the partnership, paying all partnership commitments and paying the balance to the partners, if it exists, in accordance with their capital accounts, as calculated after all losses or profits resulting from such liquidation are consistent with each partner`s share of the net profits and losses referred to in Section 5 have been taken into account. NOW, taking into account the commitments contained in this Agreement, the Partners confirm in writing their association as a partnership, in accordance with the following provisions: This Agreement contains the entire agreement of the Partners with respect to the Partnership and may only be modified by the written agreement which is executed and provided by all Partners. . . .