Free Partnership Agreement Letter

January 2, 2050

[YOUR NAME]

[YOUR COMPANY NAME]

[YOUR COMPANY ADDRESS]

Malvina Jones

San Bernardino, CA 92401

Dear Ms. Jones,

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:

1. Business Operations:

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

2. Decision-Making:

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

3. Capital Investment:

Both partners shall invest equal capital into the partnership.

4. Profit and Loss Sharing:

Profits and losses will be shared equally between the partners.

5. Dedication of Time and Effort:

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

6. Major Decisions:

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

7. Legal Compliance:

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

8. Non-Compete Clause:

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

9. 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.

10. 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:

[YOUR NAME]

Malvina Jones

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,

[YOUR NAME]

Agreement Letter Templates @ Template.net