DISBURSEMENTS
UPON TERMINATION OF CONTRACT
As
a legally binding addendum and amendment to our partnership agreement dated
______________________ we, _________________________________________ and
____________________________________________________ submit the following:
______________________________________________________________________
Upon
termination of the contract of partnership, each and every partner will repay
any and all money that was advanced to partners by the partnership, and any
other moneys that are owed the partnership by a partner and any interest due on
those loans or advancements. The moneys
and or assets will then be liquidated and disbursed to partners so long as
debts to partnerships have been repaid.
_____________________________ ______________
Partner
Dated
_____________________________ ______________
Partner
Dated
_____________________________ ______________
Witness Dated