PARTNERSHIP AGREEMENT

1. THIS PARTNERSHIP AGREEMENT is made this _______ day of _______, 20_____, by and between the
following individuals: MEGALITH PROJECTS & TONYSMART D&C.

2. Nature of Business. The partners listed above hereby agree that they shall be considered partners in business
for the following purpose:
 Building Plan Approval (Town Planning and Local Government Levies)
 Enugu Capital Territory Development Authority (Approved Levies)
 Built Environment Contracts (EIA e.t.c)

3. Name. The partnership shall be conducted under the names of MEGALITH PROJECTS & TONYSMART
D&C.

4. Operations. The partners shall provide their services and best efforts on behalf of the partnership. Should
there be differences between the partners concerning ordinary business matters, a decision shall be made by
unanimous vote.

The partnership shall maintain a capital account record for each partner; should any partner’s capital account fall
below the agreed to amount, then that partner shall (*) pay any deficiency to the partnership if his share of
partnership profits is not yet due and payable or, if it is, his share is insufficient to cancel the deficiency.

5. Profits and Losses. The profits and losses of the partnership shall be divided by the partners according to a
mutually agreeable schedule and at the end of each calendar year according to the agreed proportions.

6. Financial Gains; the gains of both party is dependent on a commission basis of 10 – 20 % based on each cost
of service rendered which both parties are lawfully bound by to fulfill.

7. Term/Termination. The term of this Agreement shall be for a period of ____ years, unless the partners
mutually agree in writing to a shorter period.

8. Withdrawal of Partner. In the event a partner withdraws from the partnership for any reason, a
withdrawing partner shall be obligated to give sixty (60) days’ prior written notice of his/her intention to
withdraw. No partner shall transfer interest in the partnership to any other party without the written consent of the
remaining partner(s).

9. Domicilium citandi et executandi

For all the purposes of this agreement or with regard to any matter arising here out or in connection
herewith, the parties hereby choose the following addresses as their respective domicilia citandi et
executandi :
 Partner 1.1 address:
_____________________________________________________________
_____________________________________________________________

Partner 1.2 address:

_____________________________________________________________
_____________________________________________________________

 Any partner is entitled to notice in writing to the other parties to change its domicilium as set out above.
 Any notice to be given to a partner in terms of this agreement must be sent to such partner's address as set
out above, or duly altered from time to time, and must be delivered by registered post, and be deemed to
have been delivered and received on the 5th business day after posting, including the day of posting.
 A written notice actually received by a partner will be regarded as adequate written notice,
notwithstanding that it was not sent to or delivered at its chosen domicilium citandi et executandi.
 No Variation: No variation of the terms and conditions or cancellation of this agreement will be valid
unless reduced in writing and signed by all the partners.

IN WITNESS WHEREOF, the partners have duly executed this Agreement on the day and year set forth
hereinabove.

____________________ (Signature) ____________________ (Signature)

Name: Name:

Place: Place:

Date: Date: