Regarding the Partnership Act 1961 (revise 1974), disagreement is lawfully made between the partners of Document Destruction Service. The reason of this partnership is made to make sure that all the business operation run accordingly to the schedule and the main objective of the businesses can be achieved.
All the partners of the business organisation made this agreement in front of the lawyer named Mr Hanif Khatri and Mr Shamsul Kamarul whom we have selected to represent us.
It is hereby declared that all partners mentioned below have witnessed and agreed to accept all the terms, conditions ad regulations dated as follows:
This partnership is registered under the name of Document Destruction Service Enterprise.
The partners have also agreed to accept the position in Document Destruction Service Enterprise.
Enlisted as follow:
Norsyeela binti Abin
Nur Liyana binti Ramli
Mohamad Ismail bin Salleh
Putri Nur Adilla binti Abd Karim
Syarifah Nur Anissa binti Syed Shabahar
It is also agreed that all profits will be shared equally. Should the company suffer from any loss, of which the negligence caused by anyone of the partners, that partner will be responsible for the loss.
All the money owns by the partnerships or money received on behalf of the partnership must be credited to the agreed partnership current bank account.
It is also agreed that if in case where any of partners want to withdraw from the partnership, than she must give a one month notice to the other partners.
Each of the partners:
- Must have good manners, have faith and be trustworthy between each partner in all business matters.
- Must give full effort in any way for the success of the company.
- Must give all the important information relating to the business confidential from people outside the business origination.
- Must settle all persona problems without involving the company.
- All the partners are strictly forbidden (except with the consent from all the partners):
– give or transfer own shares to the public or people outside the business origination.
– accept, borrow or lend money owned by the business to other people outside the business organisation except regarding on business matter.
– accept or borrow money owned by the business for personal use. If any partners have borrowed any money or asset, payback or recovery must be made in one month from the date borrowed without any interest.
– act or become a surety to any side or person in any activity that can jeopardize the partnership or agreement.
– dispose of any asset or liability such as debts, money or others owned by the partners.
- If any partner dies or become paralysed that may bring difficulty for her to perform her work, that next-of-kin must give in written notice in between 45 days to other partners if he/she wants a partner, if there is no notice between those periods, the next-of-kin will receive back capital contribution by the deceased or the paralysed partner according to the agreed proportion.
- This agreement can be changed or dissolved if agreed by all the partners under a memorandum signed by all the partners.
It is also agreed that any action that may not fall under disagreement can be acted or revised under the Partnership Act 1961 (Revised 1974).
Verify, I am Norsyeela Abin, I.C. No: 840404-14-8454, No. 2, Jalan SS2/14, 47100 Petaling Jaya, Selangor agreed to be part of partners for Document Destruction Service. Which is located at Kota Damansara, with a contribution of 20% of the total share of RM300,000, I promise to accomplish every duty assigned and willing to give full commitments towards the organisation. I also promise to obey the rules and regulations as stated in Document Destruction Service.
Yours truly,
Name: Norsyeela Abin
I.C No.: 840404-14-8454
With witness,
Name: Nor Syahira Salim
i.C No.: 901203-12-5440
Second witness,
Name: Norsyafila Ahmad Sobri
I.C No.: 900101-12-7788
