THISDEEDismadeat...... onthis...... dayof...... ,2000,between
A,sonof...... residentof...... oftheONEPARTandB,sonof...... residentof...... oftheSECONDPARTandC,sonof...... residentof
...... oftheTHIRDPART.
WHEREASthepartiesheretoarecarryingonthebusinessof...... underthenameandstyleofM/s...... at...... uponthetermsandconditionscontainedinDeedofpartnershipdated...... ;
ANDWHEREASclause...... ofthesaidpartnershipdeedprovidesthatallthepartnerswilldevotetheirwholetimeandattentiontothebusinessofthepartnership;
ANDWHEREASclause...... ofthesaidpartnershipdeedfurtherprovidesthatnopartnershallwithouttheconsentoftheotherpartnersengagedirectlyorindirectlyinanybusinessotherthanthatofthepartnership;
AND WHEREASA,oneofthepartners,hasbeenofferedanassignmentby
...... whichshallbecompletedwithinaperiodof...... yearsandthesaidpartnerwillhavetostayin...... duringthesaidperiodwhileundertakingthesaidassignment;
ANDWHEREASthesaidpartnerhasrequestedfortheconsentoftheotherpartnersforacceptanceoftheassignmentofferedtohimby...... andtheyhaveagreedtogiveconsenttoAtoacceptthesaidassignmentandithasbeenagreedthatsolongasheremainsoutside...... forthesaidassignment,thepartnershipdeedshallbevariedinthemannerandtotheextenthereinafterappearing:
NOWTHISDEEDWITNESSETHASFOLLOWS:
1. ThisDeedissupplementaltotheDeedofPartnershipdated...... andmadebetweenthesaidparties.
2. DuringsuchperiodasthesaidpartnerAshallremainoutof...... fortheassignmentanddoesnotattendtothebusinessofthepartnership,heshallbeentitledonlyhalfhisshareofthenetprofitsofthepartnershipinsteadof...... %profitstowhichheisentitledunderclause...... oftheDeedofPartnershipandthebalanceofshareofprofitstowhichbutforthisdeedthesaidAwouldhavebeen
3. ThesaidAshallnotbeliabletogiveaccounttothepartnershipforanyremunerationorotheradvancesreceivedbyhimfromthe...... forthesaidassignment.
4.Ashallnotbeentitledtoanyremunerationfromthepartnershipaccountduringhisabsencepursuanttoclause...... ofanytheDeedofPartnership.
5. ThetermsandconditionoftheDeedofPartnershipdated...... shallexceptinsofarasthesamearemodifiedbythisagreement,continueinfullforceandeffect.
INWITNESSWHEREOFthepartiesheretohavehereuntoputandsubscribedtheirrespectivehands...... thedayandyearfirsthereinabovewritten.
SignedanddeliveredbythewithinnamedASignedanddeliveredbythewithinnamedBSignedanddeliveredbythewithinnamedC
WITNESSES;
1.
2.
Disclaimer
Whileeverycarehasbeentakeninpreparingtheabove-mentionedModelAgreement,stillsomemistakesmayhavecreptin.TheModelAgreementareinthenatureofillustrationsandareintendedfortheguidanceoftheusers/persons.AnyoftheModelAgreementmustbeusedbyadjustingthesametosuittotheneedsoftheuser/person.LegalDepartment,GovernmentofGujaratherebydisclaimsanyandallresponsibilityorliabilitythatmaybeassertedorclaimedfrom,orclaimedtohavearisenduetorelianceplacedupontheuseofanyoftheModelAgreementbyanyuser/person.