PARTNERSHIP AGREEMENT Agreement No: PA-2026-001 Date: June 1 2026 PARTNER 1: Alex Roy, CEO Mumbai Maharashtra India PARTNER 2: Sam Patel, Operations Director Mumbai Maharashtra India 1. RECITALS 1.1 Alex Roy and Sam Patel are entering this Partnership Agreement to establish a digital marketing agency in Mumbai. 1.2 Both partners bring complementary skills and agree to operate under the terms stated in this agreement. 1.3 This agreement governs all aspects of the partnership from formation to exit. 2. DEFINITIONS 2.1 Partnership: The business formed by Alex Roy and Sam Patel under this deed. 2.2 Capital Contribution: Funds contributed by each partner at formation. 2.3 Profit: Net income after all expenses are deducted from gross revenue. 2.4 Dissolution: The formal winding up of the partnership business and affairs. 3. FORMATION AND BUSINESS PURPOSE 3.1 The partnership is formally established as a digital marketing agency. 3.2 Primary business address: Mumbai India. 3.3 Purpose: To provide digital marketing services to small and medium businesses. 4. CAPITAL CONTRIBUTIONS 4.1 Alex Roy contributes INR 300,000 (60%). 4.2 Sam Patel contributes INR 200,000 (40%). 4.3 Total startup capital: INR 500,000. 4.4 Additional capital requires unanimous written agreement from both partners. 5. OWNERSHIP AND PROFIT SHARING 5.1 Alex Roy owns 60% of the partnership. 5.2 Sam Patel owns 40% of the partnership. 5.3 Profits and losses distributed 60-40. 5.4 Distributions made quarterly after review of financial statements. 6. PARTNER ROLES 6.1 Alex Roy: CEO. Responsible for business strategy, client acquisition, and all final decisions requiring single approval. 6.2 Sam Patel: Operations Director. Responsible for project delivery, team management, and daily operations. 6.3 Contracts above INR 100,000 require joint written approval from both partners. 7. SALARIES AND DRAWINGS 7.1 Alex Roy: INR 50,000 per month. 7.2 Sam Patel: INR 35,000 per month. 7.3 Salaries reviewed annually by mutual written agreement between both partners. 8. BANKING 8.1 Single business bank account maintained. 8.2 Both partners have signing authority. 8.3 Expenses above INR 50,000 require dual approval from both partners. 9. DECISION MAKING 9.1 Routine decisions made by relevant partner within their defined role. 9.2 Major decisions require majority vote. 9.3 Dissolution requires unanimous consent. 9.4 Deadlocks resolved via mediation first. 10. DISSOLUTION 10.1 Triggered by mutual agreement or court order only. 10.2 Assets distributed 60-40 after all debts and liabilities are settled. 10.3 Alex Roy oversees winding up process. 11. DISPUTE RESOLUTION 11.1 All disputes resolved via Arbitration in Mumbai Maharashtra India. 12. GOVERNING LAW 12.1 Laws of Maharashtra India apply to this agreement exclusively. SIGNATURE BLOCK: Partner 1: Alex Roy Signature: ________________ Title: CEO Date: ________________ Partner 2: Sam Patel Signature: ________________ Title: Operations Director Date: ________________ DISCLAIMER: This Partnership Agreement was generated by an AI drafting tool for reference purposes only. It does not constitute legal advice. Have it reviewed by a licensed attorney before signing.