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VOF Contract English Draft

VOF Contract English Draft

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Published by michaelaneto
A loose version of a generic VOF registration form. Will need finessing but mostly there.
A loose version of a generic VOF registration form. Will need finessing but mostly there.

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Categories:Types, Business/Law
Published by: michaelaneto on Aug 31, 2010
Copyright:Attribution Non-commercial


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 Today, _____________________________________ appear before me, notary ___________ ___________ 1. Dutch passport holder No ___ 2. Dutch passport holder No ___  The appearing, hereinafter referred to as "partners", with each state asof ___________ a partnership to be entered under the followingprovisions:Name, purpose and durationArt. A (possibly).1. The partnership does not occur under a common name (or) actsunder the name: ___________ 2. The partnership aims to exercise on behalf of all the action (orholding) of ___________ Art. 2. The partnership is for an indefinite period.SpeechesArt. 3.1. The company brings its total work force ___________ in the otherpartner brings ___________ ___________ part of its work force. Moreover,each partner in the firm in what is described in a document attached tothis annex, signed by the parties (Annex 1). This contribution is madein economic terms (input to the balance sheet), unless otherwiseindicated.2. Additional input can only with the cooperation of a partner made.3. Goods which are legally made subservient to the partnershipbecome part of company assets.4. Each of the members is half the assets of the partnership right.
Capital account and private accountsArt. 4.1. Each partner receives for his contribution in cash and / or propertyclaim against the partnership of the amount established by mutualagreement to establish the amount of his contribution to the subject of hidden reserves. For this he credited to a capital account.2. Annually notify the partners will jointly determine which part of everyone's bonus is added to everyone's capital account. Moreover,each partner for his share of the profit or loss for the past year on hisprivate account is credited or debited, when the share is determined.3. The private account is debited for the amounts listed under Article 9.CompetitionArt. 5.1. A shareholder may only with the written consent of a partner outsidethe partnership related activities directly or indirectly compete with thepartnership.2. In the previous paragraph also applies to the company which, afterdissolution of the partnership, the activities of the partnership does notcontinue. Some apply only to the period of ___________ years after thedissolution and only ___________ within a radius of kilometers from thelocation address of the partnership.3. The partner under 1. certain acts, forfeit an immediately payablepenalty of ___________ for each day the violation occurs.Notwithstanding the penalty still required to comply with the provisionsof paragraph 1 and for reimbursement of expenses, damages andinterests.Art. 6.A partner can share in, or rights to the assets of the partnership doesnot alienate or encumber.Governance and representationArt. 7.1. The company's board authorized ___________ (or) Each board
member is entitled.2. The Board is authorized to Partner acts for and on behalf of thePartnership to carry out reasonably to achieve the goal may beappropriate.3. Notwithstanding paragraph 2, the cooperation of both partners isrequired for:a. an act which the financial interest of an amount exceeding ___________;b. sale, lease, rent and lease, exchange, acquisition and alienation andencumbrance of real property;c. loan, credit agreement and guarantee;d. litigation and legal proceedings in resignation;e. settlement, conciliation, arbitration and the order to issue a bindingdecision;f. contract, its modification and its termination by notice, unless itconcerns dismissal;g. granting of procuration and its withdrawal, except in respect of awithdrawal in case of emergency.ActivitiesArt. 8.1. The members mutually regulate their activities, their holidays andvacations. They account for each member more than ___________ working days per calendar year.2. During illness a company retains its right to its share of the profitsunless the disability was caused by one third, being liable, at least sofar as liability of the insurer or third last.3. Each partner must, on behalf of the partnership, insure against thefinancial consequences of illness for more than three months up to aperiod of two years, insurance related to sickness for more than twoyears duration, will be borne by the respective partner.4. In case of illness must respect thereof are paid, including benefits

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