Deed of Partnership

The partnership deed is made on “April 1, 2020” between

1. “Javed Ali” son of “Kashem Ali” residing at “Tolarbag, Mirpur 1, Dhaka 1216”
hereinafter referred to as First Partner.
2. “Harun Hasan” son of “Kibria Hasan” residing at “Uttora sector 2, J Block, Dhaka
1230” hereinafter referred as Second Partner.
3. “Ridita Jahan” daughter of “Rifat Rahman” residing at “Hazaribagh, Zigatola,
Dhaka 1209” hereinafter referred as Third Partner.

Name of Business

The parties hereby from a partnership under the name of “Think Food Café” to produce
“continental, Indian and Bengali food”. The principal office of the business shall be at
“Dhanmondi 15”.

Term

The partnership shall began on “April 15, 2020” and shall continue until terminated.

Capital

 The capital of the business is “Taka 30lac” of which “Taka 5 Lac” has been
contributed by “Javed Ali” by account payee cheque dated on “March 30, 2020” at
“Standard Chartered Bank”. If additional capital is required it shall be contributed
by the partners in the ratio of 10:10:10:10.
 The capital or credit in the current account of the partners shall not bear any interest.
However, if any partner overdraws from his current account, such overdraw or debit
balance in his current account shall bear interest at 13% per annum payable to the
firm.

Decision Making

 The main partnership group will make decision. When possible group members will
try to achieve consensus. If partners do vote on any issue then the decision will be
carried by majority vote.
  If one partner remains absent while making decision then the rest of the partners will
be able to take decision on behalf of the absent partner.
 When there is a conflict, dispute of difference within the partnership, in the first place
partners will try to resolve the matter. If there is no resolution then they will involve a
third party. This will be another member of partnership.

Introduction of a New Partner

If all partners agree, a new Partner may be introduced into the business of the Partnership on
such terms and conditions as may be mutually agreed between the Parties to this deed and the
new partner.

Death or retirement of a Partner

 In the event of death of a partner, the Partnership shall continue with the nominee/
legal heir of such Partner, joining the firm.
 Or If, during the continuance of the partnership, any partner retires or dies, the
remaining partner or partners shall have the option, by giving a notice in writing to the
retiring partner or to the legal representatives of the deceased partner, as the case may
be, within a period of ___ days after the retirement or death, to purchase the share of
the other partners, at the date of his retirement or death, in the capital and assets of the
partnership. The purchase price, in such an event, shall be such price as is mutually
decided by and between the parties.

Dissolution of Partnership

 The Partnership is at will and may be dissolved at any time mutually or by giving one
month notice in writing by the outgoing party to the others.
 In the case of dissolution of the restaurant the net realization on the sale of assets
shall be distributed amongst the Parties equally after meeting the liabilities of the
firm.

Arbitration Clause
Every dispute or difference arising between the partners as to the interpretation, operation, or
effect of any clause in the partnership which cannot be mutually resolved, shall be referred to
the arbitration of ____________(name of the Arbitrator) failing him, to any other arbitrator
chosen by the partners in writing. The decision of such an arbitrator shall be binding on the
partners.

Signature

1st partner _Javed Ali_(02.04.2020)____

(Name and date)

2nd partner Harun Hasan (02.04.2020)____

(Name and date)

3rd partner ____Ridita Jahan (02.04.2020)____

(Name and date)