Common use of PARTNER DUTIES Clause in Contracts

PARTNER DUTIES. The Partners shall have the following duties and obligations: a. Costs and Expenses. The costs and expenses of the Partnership shall be the responsibility of: [DESCRIBE DISTRIBUTION OF COSTS AND EXPENSES] b. Conflict of Interest. A Partner ☐ can ☐ cannot participate, directly or indirectly, in a business related to the acts conducted by the Partnership. c. Management. The following Partner(s) are obligated to manage the day-to-day activities of the Partnership: [PARTNER(S’)] NAME(S)]. d. Work Requirements. The following Partner(s) are required to work for the Partnership. Compensation, if any, shall be agreed to in a separate document. [PARTNER’S NAMES AND WORK REQUIREMENTS]. e. Voluntary Withdrawal. If any Partner should withdraw from the Partnership, they must give at least [#] days’ written notice to the Partnership. Such withdrawal shall not affect the day-to-day operations of the Partnership. 5.

PARTNER DUTIES. The Partners shall have the following duties and obligations: a. Costs and Expenses. The costs and expenses of the Partnership shall be the responsibility of: [DESCRIBE DISTRIBUTION OF COSTS AND EXPENSES] b. Conflict of Interest. A Partner ☐ can ☐ cannot participate, directly or indirectly, in a business related to the acts conducted by the Partnership. c. Management. The following Partner(s) are obligated to manage the day-to-day activities of the Partnership: [PARTNER(S’)] NAME(S)]. . d. Work Requirements. The following Partner(s) are required to work for the Partnership. Compensation, if any, shall be agreed to in a separate document. [PARTNER’S NAMES AND WORK REQUIREMENTS]. . e. Voluntary Withdrawal. If any Partner should withdraw from the Partnership, they must give at least [#] days’ written notice to the Partnership. Such withdrawal shall not affect the day-to-day operations of the Partnership. 5.