Partnership Agreement Letter

January 2, 2050

Willis Watkins

2634 Oliver Street

Dallas, TX 75201

Carolyn Ibarra

4337 Hamill Avenue

San Diego, CA 92111

Dear Mr. Willis and Ms. Carolyn,

I am pleased to formalize the terms and conditions of your partnership for the establishment and operation of a small cafe. This Agreement shall be known as "SerenityHub".

The details of the collaboration are outlined as follows:

Business Operations:

The partnership shall be responsible for the establishment and operation of a small cafe.

Decision-Making:

All decisions concerning the business, including finances, marketing, and operations, will be made jointly by both partners.

Capital Investment:

Both partners shall invest equal capital into the partnership.

Profit and Loss Sharing:

Profits and losses will be shared equally between the partners.

Dedication of Time and Effort:

Both partners shall dedicate sufficient time and effort toward the success of the partnership.

Major Decisions:

Any major decisions regarding changes in the business structure or significant investments require mutual consent.

Legal Compliance:

All partners are responsible for maintaining the cafe's compliance with local laws and regulations.

Non-Compete Clause:

Partners may not engage in any ventures or activities that directly compete with the interests of the partnership without prior consent.

Duration and Termination:

The partnership shall commence on January 11, 2052, and shall continue until either partner provides a written notice of intent to terminate the partnership, with a minimum notice period of 90 days.

Financial Details:

The partners shall maintain accurate financial records and mutually agree on a regular schedule for reviewing the financial performance of the cafe.

By signing below, the partners acknowledge their understanding and agreement to the terms and conditions of this partnership letter.

Partners:

(Willis Watkins) __________________________

(Carolyn Ibarra) __________________________

We look forward to a successful collaboration and the growth of your cafe venture. Should you have any questions or require further clarification, please do not hesitate to contact me.

Sincerely,

Edward Ogan

Private Legal Counsel