(Articles of Partnership Limited Partnership)
ARTICLES OF PARTNERSHIP
of
__________________________, LTD.
KNOW ALL MEN BY THESE PRESENTS:
That we, __Co-Partner 1__, (single / married / widow), and __Co-Partner 2__, (single / married / widow), and __Co-Partner 3__, (single / married / widow), all Filipinos, of legal ages, and residents of _____________, Philippines, have on this day, covenanted to establish a limited partnership, in accordance with the laws of the Republic of the Philippines, under the following terms and conditions:
1. That the name of this Co-Partnership shall be _____________, LTD. and it shall exist for _____________ (_____) years from the execution of this instrument, with the right of transfer or retirement of any partner provided written notice and approval are made to and by the others;
2. That the names and addresses of the respective co-partners are as follows:
Name Address
(Promissory Note Simple Form with Interest Penalty and Attorneys Fee)
PROMISSORY NOTE
P_____________
FOR VALUE RECEIVED, I promise to pay without need of demand to the order of __Payee__, at his office at _____________, the principal amount of PESOS: __________________________ (P_____________), on or before _____________. In addition to the foregoing, I promise to pay monthly interest at the rate of _____________ (_______%) percent, without need of demand, starting from the month of _____________ until this note is fully paid.
In case of default in the payment of this note plus interest when it becomes due and demandable, I agree to pay an additional amount equivalent to _____________ (_______%) percent per month based on the total amount due and demandable as penalty, compounded monthly until fully paid; and in case it becomes necessary to collect this note through any Attorney-at-Law, the further sum of _____________ (_______%) percent thereof as and for attorney's fees, exclusive of costs and judicial/extra-judicial expenses.
__Date__, _____________, Philippines
Maker