This range of New Zealand partnership documents enable various types of partnerships to be established and set out the obligations and powers of the partners.
A partnership involves a contract between the partners to engage in a business in order to make a profit. Assets and responsibilities are shared by the partnership. Unlike a company, a partnership is not a separate legal entity, even though the number of partners may be large. A partnership is, however, required to file tax returns. In general, each partner contributes either property, skill or labour, although a partner may contribute nothing and still have the rights of a partner. A partner that contributes property but no labour is usually referred to as a "sleeping partner".
A simple partnership agreement for the operation of a New Zealand partnership, with the ability to buy out a deceased's partner's share. This agreement assumes the partners will make unequal capital contributions and will share any profits or losses on an unequal basis.
A comprehensive partnership agreement suitable for a business in any New Zealand industry and with any number of partners.
This admission of a new partner agreement effectively brings together the existing and new partners co-exisiting with the terms of the original New Zealand partnership deed.
Ideal for family businesses or groups of friends working together, this partnership agreement provides a good framework for setting out how a New Zealand business will be run.
An agreement that provides for a seller of shares of a company not to compete with the business of the New Zealand Company after the sale for a specified period of time and in a certain geographical area.
Essential document to wind up your New Zealand partnership affairs.
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