PARTNERSHIP AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

That we the undersigned partners, all of legal age, residents, and citizens of the Philippines
have on this day voluntarily associated ourselves together for the purpose of forming a general
partnership under the following terms and conditions anchored by the existing and applicable
memoranda of the Department of Education.

AS WE HEREBY CERTIFY:

ARTICLE I. Name. The name of the partnership is Nabangka National High School Teachers and
Staffs Partnership

ARTICLE II. Partnership Purpose.  The Partners agree to form a partnership and will be governed
in accordance with the DM. No. 698, s. 2022, DepEd Order 13, s. 2017, DepEd Order No. 8, s. 2007,
and DepEd Order 17, s. 2005. The Partnership has been formed on the terms and conditions set forth
below to engage in the business of providing healthier food and beverage choices among the learners,
DepEd personnel, and stakeholders, introduce locally available foods and drinks in accordance with
the geographical, cultural, and religious orientation, and to engage in any other activities as may be
necessary, related or incidental to carry on the business of the Partnership as provided herein.    
 
ARTICLE III. Place of Business.  The Partnership’s principal office will be located at Nabangka
National High School, Brgy. Capuluan Central, Guinayangan, Quezon.

ARTICLE IV. Partners’ Capital Contributions.  

A. Capitalist. The Partners' cash contribution as of September 29, 2022:

Partner Cash Contribution

1. Jaquelyn R. Macatangay P 5,000.00
2. Angelica R. Morales 5,000.00
3. Danica S. Agno 500.00
4. Roland S. Baliza 500.00
5. John Christopher R. Café 500.00
6. Joy Kenneth U. Camanga 500.00
7. Jason M. Cantillado 500.00
8. Maria F. Cantos 500.00
9. Kristine Mae M. Caliwagan 500.00
10. Cristine Joy A. Carias 500.00
11. Joel B. Casungcad 500.00
12. Creza Florebel C. Corea 500.00
13. Jackielo L. Cortez 500.00
14. Redel M. Cuenca 500.00
15. Irish T. Digo 500.00
16. Marycris N. Dimaano 500.00
17. Sherwin E. Enero 500.00
18. Abegail T. Fullante 500.00
19. Joseph C. Hernandez 500.00
 20. Jasmine C. Jimenez 500.00
21. Amelia G. Liporada 500.00
22. Cherry Lyn R. Macanang 500.00
23. Nicko C. Noceja 500.00
24. Jessie G. Pamesa 500.00
25. Juana O. Pujanes 500.00
26. Justine P. Sarmiento 500.00
27. Philip Reymond G. Sta Cruz 500.00
28. Justine R. Tabernilla 500.00
29. Junnel B. Umali 500.00

Partners may add an account or share at the beginning of the quarter only.
1 Account = P 500.00
Minimum of 1 account and maximum of 10 accounts.

B. Industrial Partners. The Partners' non-cash contribution and the value of the non-cash
contribution:
Partner No. of Hrs. per Week
1. Redel M. Cuenca 8.5
2. Amelia G. Liporada 3.5
3. Jaquelyn R. Macatangay 8.5
4. Angelica R. Morales 15.0
5. Philip Reymond G. Sta Cruz 8.5
6. Danica S. Agno 1.0
7. Roland S. Baliza 1.0
8. Cristine Joy A. Carias 1.0
9. Joel B. Casungcad 1.0
10. Creza Florebel C. Corea 1.0
11. Irish T. Digo 1.0
12. Marycris N. Dimaano 1.0
13. Abegail T. Fullante 1.0
14. Joseph C. Hernandez 1.0
15. Cherry Lyn R. Macanang 1.0
16. Nicko C. Noceja 1.0
17. Juana O. Pujanes 1.0
18. Justine P. Sarmiento 1.0
19. Justine R. Tabernilla 1.0
20. Junnel B. Umali 1.0

ARTICLE V. Duties and Responsibilities. Teachers/Partners who agreed to have a scheduled

canteen duty of 1 hour per week will be considered industrial partners.

The following are the duties and terms that industrial partners need to fulfill:
1. Render one (1) hr. service at the school canteen;
2. The duties include recording, selling, and auditing the gross sales each day;
3. Regardless of no. of hours rendered, it is equivalent to 1 (one) share;
4. Offset is not allowed;
 5. Maximum of 3 absences per quarter is allowed, if the number of absences exceeds, they will
not be considered as an industrial partner in that quarter; and
6. Sickness, Seminar, Speakership, Birthday, and Professional Development Activities are the
only allowed excuses for not rendering service.

ARTICLE VI. Profits. The net profit of the Partnership will be divided according to the following
percentages:

1. Revolving Capital: 15%

2. Improvement/Procurement of T.L.E. Facilities: 20%
3. School’s Share 15%
4. Partners’ Share 50%
100%

Partners’ Shares will be divided and distributed proportionately on the ratio of the capital and
industrial contribution of each partner and will follow the following percentages:
1. Capitalists’ Share 70%
2. Industrial Partners’ Share 30%
100%
The Partnership will distribute profits to Partners at the end of each quarter.

ARTICLE VII. Partnership Books and Records. At all times during the term of the Partnership,
the records of the Partnership will be kept and maintained at the School Canteen and will be available
for inspection by any Partner during business hours upon reasonable notice. The Partnership’s fiscal
year will begin in September and close in July. Audit of the books and records of the Partnership as of
the end of each fiscal year will be prepared by the Co-Canteen Manager, Jaquelyn R. Macatangay
with the Faculty Auditor.
 
ARTICLE VIII. Management.  This partnership shall be under Angelica R. Morales, Temporary
Canteen Manager, together with the TLE Teachers, who shall be in charge of the management of the
affairs of the School Canteen. Other Partners will devote as much of their time and efforts to the
affairs of the Partnership as may be necessary to accomplish the objectives of the Partnership.

The manager will hire 1 Cook and 1 helper. When the business reaches the break-even point,
the manager will hire another helper. The duty of deciding the number of workers, amount of raise,
and salary of the manpower will be given to TLE Teachers.

ARTICLE IX. Partner’s Withdrawal.

a. This partnership is not compulsory for all teaching and non-teaching personnel of Nabangka
National High School.
b. Partner may withdraw voluntarily.
c. A Partner may withdraw from the partnership at the end of the quarter by providing at
least 2 days notice of such intention to withdraw.
d. Failure to agree with the above terms and condition means a partner is voluntarily
withdrawing from the partnership.

ARTICLE IX. Amendment of Partnership Agreement. This agreement can be amended, or

terminated at the beginning of Fiscal Year when there is a full-time canteen manager.
ARTICLE X. Effectivity. This agreement shall be effective for a period of one Fiscal Year upon the
date of signing of the partners.

IN WITNESS WHEREOF, this Agreement represents the entire understanding of the partners with
respect to the subject matter hereof and supersedes all prior understanding, written and oral.

The undersigned hereby declare that we agree to participate exclusively with the above-mentioned
terms and conditions.

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