party for any sum or sums whatsoever, nor shall either party require an accounting to be made by the
other party of the partnership affairs.
Assuming the parties wish to use arbitration in the event of a dispute under this Agreement, the
following section should be included.
[All claims, disputes, and other matters in question between the parties to this Agreement, arising out of,
or related to this Agreement or business operation of, or its breach shall be decided by binding
arbitration. That both partners signed below have waived their right to sue and be sued in a court of law.
Notice of demand for arbitration shall be made in writing to the other party to this Agreement. That the
Plaintiff shall bear the expense of the arbitration, unless the arbitrators choose the Defendant to pay the
cost and damages].
This Agreement applies to the heirs and assigns of each of the parties to it.
This Agreement shall inure to the benefit of and bind the successors, assigns, heirs, executors and
administrators of the parties.
Approval & Agreement of Partners