1. Partnership Name
• The partnership shall operate under the name [Partnership Name].
2. Business Purpose
• The purpose of the partnership is to [describe the business purpose or activity], in accordance with the UAE Commercial Companies Law, Federal Decree-Law No. 32 of 2021.
3. Term of Partnership
• Option 1: Fixed Term
o The partnership shall commence on [Start Date] and continue until [End Date].
• Option 2: At-Will
o The partnership shall continue until terminated by either partner in accordance with the terms herein.
4. Capital Contributions
• Option 1: Equal Contributions
o Each partner shall contribute equally to the initial capital of the partnership, which is AED [Amount] each. All contributions will be submitted fully and on time, no later than [Date].
• Option 2: Specific Amounts
o Partner A shall contribute AED [Amount], and Partner B shall contribute AED [Amount]. All contributions will be submitted fully and on time, no later than [Date].
• The initial capital shall be deposited into the partnership's bank account at [Bank Name], Account Number [Account Number].
5. Profit and Loss Distribution
• Option 1: Equal Shares
o Profits and loss...