You are on page 1of 3

ARTICLES OF PARTNERSHIP

OF

ABADILLA & ASSOCIATES LAW FIRM

KNOW ALL MEN BY THESE PRESENT:

That, we the undersigned, all of legal age and residents of the Republic of the Philippines have agreed to
amend a general partnership under the terms and conditions herein after set forthand subject to the
provisions of existing laws of the Republic of the Philippines.

AND WE HEREBY CERTIFY:

ARTICLE I. That the name of the partnership shall be Abadilla & Associates Law Firm.

ARTICLE II. That the principal office of the partnership shall be located at Peñafrancia, Daraga, Albay.

ARTICLE III. That names, citizenship residence of the partners of the said partnership are as follows:

Name Citizenship Residence Designation

Ronna Abadilla Filipino Guinobatan, Albay General Partner

Vincent Umayam Filipino Daraga, Albay General Partner

Christian Barizo Filipino Daraga, Albay General Partner

Samuel Montojo Filipino Peñafrancia, Daraga, Albay General Partner

ARTICLE IV. That the term for the partnership to exist is Fifteen (15) years from the original recording of
the partnership by the Securities and Exchange Commission.

ARTICLE V. That the purposes for the partnership to exist are as follows:

1. To conduct a service business,

2. To engage in business related,

3. To practice the profession, and

4. To generate profit.

ARTICLE VI. That the capital of this partnership shall be One Million Pesos, Philippine Currency
contributed by the partners in cash as follows:

Name Amount Contributed

Ronna Abadilla 300, 000.00


Vincent Umayam 250,000.00

Christian Barizo 250,000.00

Samuel Montojo 200,000.00

Total 1,000,000.00

ARTICLE VII. That the profit and losses shall be distributed according to the contribution of the partners.

ARTICLE VIII. That all the partners have the rights to use each of the properties belong to the
partnership in fulfilling their duties to the partnership.

ARTICLE IX. That the partners are accountable to bring the profits their earned in using the properties of
the partnership for their personal gain.

ARTICLE X. That the partner shall be demanded to sell their contribution to other partners if the partner
is proven guilty for using partnership's properties or money for personal use.

ARTICLE XI. That the partners are demanded to brought their personal assets to fulfilled the liabilities of
the partnership to the creditors.

ARTICLE XII. That the remaining partners shall have the rights to continue the partnership in case of
death, insolvency, retirement, civil interdiction, or insanity of one partner.

ARTICLE XIII. That the partnership shall adopt the calendar accounting period in recording the
transactions.

ARTICLE XIV. That the partnership shall be continue to exist after the existing period is consumed
depending on the will of the partners.

ARTICLE XV. That the contributions and share of profit of the partners shall be distributed three (3) days
of the dissolution of partnership.

ARTICLE XVI. That the partnership shall be under the management of Ronna Abadilla as General
Manager and as such he shall have charge of the management of the affairs of the partnership.

ARTICLE XVII. That the partners willingly undertake to change the name of the partnership immediately
upon receipt of notice/ directive from the Securities and Exchange Commission that another
partnership, corporation or person has acquired prior right to the use of that name or that the name has
been declared misleading, deceptive, confusingly similar to a registered name or contrary to public
morals, good customs or public policy.

IN WITNESS WHEREOF, we have hereunto set our hands this thirteenth day of October 2020 at
Guinobatan, Albay, Philippines.
__________________________________ ___________________________________
___________________________________ ___________________________________

Signed in the presence of:

______________________________________
_______________________________________

You might also like