This section is from the book "Business Law - Case Method", by William Kixmiller, William H. Spencer. See also: Business Law: Text and Cases.
John Doe and Richard Roe hereby form a partnership as attorneys and counselors under the name of Doe & Roe, to continue for four years from this date; but either party may retire on one month's notice in writing.
Mr. Doe shall receive one-half and Mr. Roe shall receive one-half of all the business receipts, including counsel fees from all sources, and deducting expenses.
Each party shall devote all his working time to the business of the firm.
All receipts shall be deposited in a bank to be selected by the firm, in the name of the firm; and after current expenses are paid, shall be divided whenever there is a sum on hand exceeding Two Hundred dollars.
All checks shall be drawn by Mr. Roe.
Neither member of the firm shall become indorser or security in any manner for any other person without the consent of all the other members of the firm.
JOHN DOE, RICHARD ROE.
DATED Chicago, October 20, 1915.
 
Continue to: