[{"id":"92d919a6-2502-4bfb-aec6-ce39c36ea1d4","order":1,"text":"PARTNERSHIP AGREEMENT","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"c3515794-44a3-45ed-9fae-2baa9653633e","order":2,"text":"THIS PARTNERSHIP AGREEMENT (this \"Agreement\") is made and entered into as of [Effective date].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"2fe39149-2394-40e2-a499-c63dfb4553f9","order":3,"text":"BETWEEN THE FOLLOWING PERSONS (each a \"Partner\" and collectively the \"Partners\"):","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ef1b9a58-5700-43e9-8cdc-16ee58ccedff","order":4,"text":"[Partner 1 full name], an individual residing at [Partner 1 address] (\"Partner 1\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d975e0d6-ab4e-4377-9c8d-3783c6fb882c","value":"an individual","type":"add","operator":"="}]},{"id":"6aa798b9-f300-4ff4-ac3c-c20afa31d947","order":5,"text":"[Partner 1 corporate name], a corporation incorporated under the laws of [Jurisdiction], having its registered office at [Partner 1 registered office], represented by [Authorized representative] (\"Partner 1\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d975e0d6-ab4e-4377-9c8d-3783c6fb882c","value":"a corporation","type":"add","operator":"="}]},{"id":"21b7045e-0ac6-41c3-98c3-914996961aa0","order":6,"text":"[Partner 2 full name], an individual residing at [Partner 2 address] (\"Partner 2\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"335dfa39-6eb8-445c-b15e-2212bc24c9e5","value":"an individual","type":"add","operator":"="}]},{"id":"7fb3a12c-7340-4761-9b25-cebd1baddc55","order":7,"text":"[Partner 2 corporate name], a corporation incorporated under the laws of [Jurisdiction], having its registered office at [Partner 2 registered office], represented by [Authorized representative] (\"Partner 2\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"335dfa39-6eb8-445c-b15e-2212bc24c9e5","value":"a corporation","type":"add","operator":"="}]},{"id":"6ba27fe2-ff5a-4717-8dbb-c2523f9e6622","order":8,"text":"[Partner 3 full name], an individual residing at [Partner 3 address] (\"Partner 3\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7df6ccba-910e-429a-b89d-305e3b6324b0","value":"an individual","type":"add","operator":"="},{"field":"5044f01a-f00f-4d3d-8c55-ca60c7bd6841","value":"2","type":"remove","operator":"="}]},{"id":"09585464-3cf2-4a2a-99e8-e5d0999c0247","order":9,"text":"[Partner 3 corporate name], a corporation incorporated under the laws of [Jurisdiction], having its registered office at [Partner 3 registered office], represented by [Authorized representative] (\"Partner 3\");","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"7df6ccba-910e-429a-b89d-305e3b6324b0","value":"a corporation","type":"add","operator":"="},{"field":"5044f01a-f00f-4d3d-8c55-ca60c7bd6841","value":"2","type":"remove","operator":"="}]},{"id":"16f88198-deb1-48e6-aa6d-e20134651732","order":10,"text":"RECITALS","fontSize":"14","textAlign":"center","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10"},{"id":"0b335700-39c4-4d8b-8237-366b1d5f42bd","order":11,"text":"WHEREAS the Partners wish to associate themselves as a general partnership for the purpose of carrying on business together in common with a view to profit;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"496f0b4e-ce47-4f45-b7a7-d00f85f88eb0","order":12,"text":"AND WHEREAS the Partners wish to set out the terms and conditions governing their partnership, including their respective rights, obligations and interests, and to provide for the orderly conduct, management, transfer of interests and, ultimately, dissolution of the partnership;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"99f6a11e-4e60-4ed1-b3ea-79cab2b93a4f","order":13,"text":"AND WHEREAS each Partner has been advised of the right to obtain independent legal advice and has either obtained such advice or voluntarily waived the opportunity to do so;","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8ce5d2b9-c2c5-4c7c-b523-0e0662883a0b","order":14,"text":"NOW THEREFORE in consideration of the mutual covenants and agreements contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Partners agree as follows:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"15","cflou":false,"active":true},{"id":"da20a4d1-89bd-4c85-8e05-5ab9cc516b73","order":15,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S01"},{"id":"5d5fa703-2d45-453a-9b80-819b59a2ff62","order":16,"text":"In this Agreement, unless the context otherwise requires, the following terms have the meanings set out below:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f2cdfff2-7539-48bd-bbe0-99c72fcf4007","order":17,"text":"\"Business\" means the business described in the Article entitled \"Formation, Name and Business\", together with any other business that the Partners may unanimously agree to carry on.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"dcfe8d2e-8089-4528-894a-f7bff77d5558","order":18,"text":"\"Cause\" means, in respect of a Partner, fraud, dishonesty, wilful misconduct, gross negligence, a material breach of this Agreement that remains uncured after notice, conviction of an indictable offence, or any act that brings the Partnership into serious disrepute or materially impairs the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"8d7c9523-97a5-4587-b3ae-248f3ca73cac","order":19,"text":"\"Fiscal Year\" means the fiscal year of the Partnership as determined under the Article entitled \"Banking, Accounting and Fiscal Year\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"cb8e4858-1241-4be9-8ce5-762503f3eb9d","order":20,"text":"\"Partnership Interest\" means, in respect of a Partner, the whole of that Partner's right, title and interest in and to the Partnership, including that Partner's capital account, share of profits and losses, and right to participate in the management of the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"b71af775-635a-4585-b68c-aa1247bed59a","order":21,"text":"\"Proportionate Share\" means, in respect of a Partner, that Partner's share of the profits of the Partnership as determined under the Article entitled \"Profits, Losses, Drawings and Remuneration\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"52fba151-e8d6-46a9-93a7-cdc63e4184b0","order":22,"text":"\"Act\" means the partnership legislation in force in the Governing Province, as amended from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"54e33135-6c4c-4d7c-b7eb-8102378d5a0d","order":23,"text":"In this Agreement: (i) words importing the singular include the plural and vice versa; (ii) words importing gender include all genders; (iii) the headings are for convenience only and do not affect interpretation; (iv) references to a statute include any amendment to or replacement of it; (v) \"including\" means \"including without limitation\"; and (vi) all dollar amounts are expressed in Canadian dollars.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b0d81069-ae5e-45ca-87d0-4cdbc849f2e4","order":24,"text":"2. FORMATION, NAME AND BUSINESS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S02"},{"id":"332898c5-178d-4f58-87e6-aba04db33b52","order":25,"text":"The Partners hereby form a general partnership (the \"Partnership\") under the laws of the Province of [Province], Canada (the \"Governing Province\"). The Partnership shall carry on business under the firm name [Partnership name], or such other name as the Partners may from time to time agree upon.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"25d08d66-700d-4b26-acc7-3e217c7f7807","order":26,"text":"The business of the Partnership shall be [Description of the business], together with all activities reasonably ancillary or incidental thereto, and any other lawful business that the Partners may unanimously agree to carry on (the \"Business\").","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0e627d95-5fb1-4329-85b7-e21a54119a8e","order":27,"text":"The principal place of business of the Partnership shall be located at [Principal place of business], or at such other place or places as the Partners may from time to time determine.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0db1ac83-9156-492f-a3a9-eb0d0a96b2ef","order":28,"text":"The Partners shall execute and file such declarations, registrations and renewals, and shall obtain such licences and permits, as may be required under the Act, under applicable business names legislation, and otherwise to carry on the Business lawfully. Each Partner shall do all things reasonably required to maintain the Partnership in good standing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"9a47a27a-c78b-4e09-afdf-1c1625a3e132","order":29,"text":"The relationship of the Partners shall be that of partners only. Nothing in this Agreement constitutes any Partner the agent of another Partner for any purpose outside the ordinary course of the Business, and no Partner shall, except as authorized by this Agreement, pledge the credit of, or incur any obligation on behalf of, the Partnership or the other Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a5cdcbcf-d7b2-4c97-8e3b-070a2591bc8a","order":30,"text":"3. TERM","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S03"},{"id":"c0512191-e5ad-4d32-aa0d-ef806321fcb9","order":31,"text":"The Partnership shall commence on [Commencement date] and shall continue until dissolved in accordance with the Article entitled \"Dissolution and Winding-up\" or as otherwise provided in this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"219a97eb-3186-43af-b6c5-ef25666f5573","value":"indefinite","type":"add","operator":"="}]},{"id":"a4af1e3b-23c7-40c3-a28c-e9f25a36e685","order":32,"text":"The Partnership shall commence on [Commencement date] and, unless sooner dissolved in accordance with this Agreement, shall continue until [End date], after which it may be renewed or extended only by the written agreement of all Partners. In the absence of such written agreement, the Partnership shall be wound up in accordance with the Article entitled \"Dissolution and Winding-up\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"219a97eb-3186-43af-b6c5-ef25666f5573","value":"fixed","type":"add","operator":"="}]},{"id":"6d973f6f-f277-473b-89d4-e5f84efde6b5","order":33,"text":"4. REPRESENTATIONS AND WARRANTIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S04"},{"id":"87fba56b-00e3-47fa-b44a-bb9d0c6aca5d","order":34,"text":"Each Partner represents and warrants to the other Partners, as at the date of this Agreement, that: (i) that Partner has full power, capacity and authority to enter into and perform this Agreement and, where the Partner is a corporation, has obtained all necessary corporate authorizations; (ii) this Agreement constitutes a legal, valid and binding obligation enforceable against that Partner in accordance with its terms; (iii) the execution and performance of this Agreement do not breach any other agreement or obligation binding on that Partner; (iv) that Partner is not insolvent and has not committed an act of bankruptcy; and (v) any funds or property contributed by that Partner are owned by that Partner free of undisclosed encumbrances and are derived from lawful sources.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a48c1776-8ecf-4854-bd13-e5e4dfcc4c1f","order":35,"text":"Each Partner shall promptly notify the other Partners if any representation or warranty given by that Partner ceases to be true and accurate in any material respect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c4a94119-abdc-42de-8ea7-6d5cb52c145a","order":36,"text":"5. CAPITAL CONTRIBUTIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S05"},{"id":"38a1588e-7ce1-45b9-bde8-85624b9cbf3d","order":37,"text":"Upon the formation of the Partnership, each Partner shall contribute to the capital of the Partnership the cash, property or other assets set out opposite that Partner's name below. All contributions of property shall be recorded at their fair market value as agreed by the Partners as at the date of contribution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8090bb39-1e04-4d35-bd97-43aad81c0f18","order":38,"text":"Partner 1 shall contribute [Partner 1 contribution], having an agreed value of CAD [Amount].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a33b5b93-3a42-4da5-b68a-c711fa5857f2","order":39,"text":"Partner 2 shall contribute [Partner 2 contribution], having an agreed value of CAD [Amount].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"df3236db-6146-4517-9b2c-1fbbe9308690","order":40,"text":"Partner 3 shall contribute [Partner 3 contribution], having an agreed value of CAD [Amount].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"5044f01a-f00f-4d3d-8c55-ca60c7bd6841","value":"3","type":"add","operator":"="}]},{"id":"f955ffd9-6b70-48ad-97e5-bee595284050","order":41,"text":"No Partner shall be entitled to interest on that Partner's capital contribution. No Partner shall be required to make any additional capital contribution except as may be unanimously agreed in writing by all Partners. If additional capital is required and a Partner fails to contribute that Partner's agreed share within the time required, the remaining Partners may (but are not obliged to) advance the shortfall as a loan to the Partnership bearing interest at a commercially reasonable rate, and such loan shall be repaid in priority to any distribution of profits.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"63695d94-2328-43a9-a263-87432a0eb57e","order":42,"text":"6. CAPITAL ACCOUNTS, LOANS AND EXPENSES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S06"},{"id":"04021ee5-5b71-442f-a1f4-e1de69671df0","order":43,"text":"An individual capital account shall be maintained for each Partner. Each Partner's capital account shall be credited with that Partner's capital contributions and that Partner's share of the net profits of the Partnership, and shall be debited with that Partner's drawings and that Partner's share of the net losses of the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d47f1aae-581c-4256-8f69-d72a47ffdb34","order":44,"text":"Any loan or advance made by a Partner to the Partnership beyond that Partner's required capital contribution shall be recorded in a separate loan account, shall bear interest at the rate agreed by the Partners (or, failing agreement, at a commercially reasonable rate), and shall not be treated as a capital contribution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2e0bba69-cc97-4490-ac74-f7fdbe5adbe9","order":45,"text":"The Partnership shall reimburse each Partner for reasonable out-of-pocket expenses properly incurred by that Partner in the ordinary course of the Business and in accordance with any expense policy adopted by the Partners. No Partner shall withdraw any part of that Partner's capital account without the prior written consent of all Partners, except as expressly permitted under this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c4ea719e-271a-4093-8712-715dc7d70ae4","order":46,"text":"7. PROFITS, LOSSES, DRAWINGS AND REMUNERATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S07"},{"id":"c997f602-670d-4a08-961a-996146304ec8","order":47,"text":"The net profits and net losses of the Partnership shall be shared among the Partners in the same proportions as their respective capital contributions bear to the aggregate capital contributions of all Partners, as adjusted from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d5b6d5f3-e87a-47b1-b8fe-6f5aab89cbbe","value":"in proportion to their capital contributions","type":"add","operator":"="}]},{"id":"3314ab66-8a00-469e-b752-5f142b421cee","order":48,"text":"The net profits and net losses of the Partnership shall be shared among the Partners in the following agreed proportions, regardless of their respective capital contributions:","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"d5b6d5f3-e87a-47b1-b8fe-6f5aab89cbbe","value":"in the agreed percentages set out below","type":"add","operator":"="}]},{"id":"a3189d32-b510-4bca-a3b7-08b95b7886c1","order":49,"text":"Partner 1: [%]%; Partner 2: [%]%.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"d5b6d5f3-e87a-47b1-b8fe-6f5aab89cbbe","value":"in the agreed percentages set out below","type":"add","operator":"="},{"field":"5044f01a-f00f-4d3d-8c55-ca60c7bd6841","value":"3","type":"remove","operator":"="}]},{"id":"6c3c0ca3-9613-48cd-ac68-15b3f2fd3c55","order":50,"text":"Partner 1: [%]%; Partner 2: [%]%; Partner 3: [%]%.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"d5b6d5f3-e87a-47b1-b8fe-6f5aab89cbbe","value":"in the agreed percentages set out below","type":"add","operator":"="},{"field":"5044f01a-f00f-4d3d-8c55-ca60c7bd6841","value":"2","type":"remove","operator":"="}]},{"id":"40d50234-271e-4fc3-9d9e-eb9d6d26e448","order":51,"text":"The Partners acknowledge that the aggregate of the agreed percentages must at all times equal one hundred percent (100%).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"d5b6d5f3-e87a-47b1-b8fe-6f5aab89cbbe","value":"in the agreed percentages set out below","type":"add","operator":"="}]},{"id":"06e8461c-3df9-4a71-9fb7-bc9bdad72920","order":52,"text":"Net profits and net losses shall be determined in accordance with generally accepted accounting principles applicable in Canada, consistently applied, at the end of each Fiscal Year of the Partnership. Profits shall be distributed among the Partners after retaining such reserves for working capital, anticipated liabilities and contingencies as the Partners reasonably determine.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6245f365-9b8f-4732-ae57-2394eed0da22","order":53,"text":"Except as the Partners may otherwise unanimously agree, no Partner shall be entitled to any salary or remuneration for acting in the business of the Partnership; each Partner's compensation shall be that Partner's share of the profits. Where the Partners agree that one or more Partners shall receive a salary, management fee or guaranteed payment, the amount shall be treated as an expense of the Partnership before the determination of net profits.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"346ed5bc-6ac2-4f17-b64b-4502fb397ec4","order":54,"text":"Each Partner may draw against that Partner's anticipated share of profits such amounts as the Partners may from time to time agree, provided that drawings shall not exceed CAD [Monthly drawing limit] per month per Partner without the prior consent of all Partners. Drawings in excess of a Partner's actual share of profits shall be repaid to the Partnership upon determination of the annual accounts.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"bef11f58-7ac9-406f-82f4-af7f2e8d0e88","order":55,"text":"8. MANAGEMENT, DECISION-MAKING AND DEADLOCK","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S08"},{"id":"e9c7436b-fc5b-4d0c-9784-d368bae7124e","order":56,"text":"Each Partner shall devote such time, attention and skill to the Business as is reasonably required for its proper conduct, and shall act honestly and in good faith with a view to the best interests of the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"155865e7-4cbd-4eaf-90fc-68237ec9ef20","order":57,"text":"The Partners shall have equal rights in the management and conduct of the Business. All ordinary decisions in the usual course of the Business shall be made by a majority of the Partners, each Partner having one vote.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"bb2d723c-a892-49f3-8395-e871bf10008d","value":"equally by all Partners by majority vote","type":"add","operator":"="}]},{"id":"8effdeda-4f07-41ca-926b-cd7b63ec3e8e","order":58,"text":"The Partners shall have equal rights in the management and conduct of the Business, and all decisions, whether in the ordinary course of the Business or otherwise, shall require the unanimous consent of all Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"bb2d723c-a892-49f3-8395-e871bf10008d","value":"equally by all Partners, with all decisions requiring unanimity","type":"add","operator":"="}]},{"id":"9425e93b-b930-479a-906e-7f603c5d3129","order":59,"text":"The day-to-day management and conduct of the Business shall be vested in [Managing Partner] (the \"Managing Partner\"), who shall manage the ordinary affairs of the Partnership in the usual course of the Business. The Managing Partner shall report regularly to the other Partners, shall act in accordance with the directions of the Partners, and may be replaced by the agreement of the other Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"bb2d723c-a892-49f3-8395-e871bf10008d","value":"by a designated Managing Partner","type":"add","operator":"="}]},{"id":"ad7a405a-e7d9-4877-9b32-bb3c2c56f419","order":60,"text":"Notwithstanding the foregoing, the following matters shall in all cases require the unanimous written consent of all Partners: (i) admitting a new Partner; (ii) borrowing money, guaranteeing obligations or granting security over Partnership assets beyond the ordinary course of the Business; (iii) selling, leasing or otherwise disposing of all or substantially all of the Partnership's assets; (iv) entering into any transaction outside the ordinary course of the Business or any commitment exceeding the threshold agreed by the Partners; (v) changing the nature of the Business; (vi) amending this Agreement; (vii) commencing or settling any material litigation; and (viii) making any distribution other than in accordance with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"ae153a08-473b-423f-9f0a-82551a731192","order":61,"text":"No Partner shall, without the consent of all Partners, employ Partnership funds or assets other than for the benefit of the Partnership, assign or pledge that Partner's Partnership Interest, or do any act that would make it impossible to carry on the ordinary business of the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"be92b1a5-a246-473d-9f4c-7b79b82f1c8d","order":62,"text":"If the Partners are unable to reach a required decision on a matter material to the Business, and that disagreement continues for thirty (30) days after written notice from any Partner describing the matter (a \"Deadlock\"), the Partners shall first refer the Deadlock to mediation under the Article entitled \"Dispute Resolution\". If the Deadlock is not resolved within a further thirty (30) days, any Partner may invoke the buy-sell procedure set out in the Article entitled \"Transfer of Partnership Interests\", failing which the Partnership may be dissolved under the Article entitled \"Dissolution and Winding-up\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b09c86a5-9198-4da8-81c3-bfbdb669ac03","order":63,"text":"9. BANKING, ACCOUNTING AND FISCAL YEAR","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S09"},{"id":"02fc1495-c2e2-4c70-a8e1-99d8ebcf5fe7","order":64,"text":"The Fiscal Year of the Partnership shall end on [Fiscal year end] of each year, unless otherwise determined by the Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a1898993-09d3-489a-b952-60d9e755b981","order":65,"text":"The Partnership shall maintain complete and accurate books of account at its principal place of business, which shall be open to inspection by any Partner at any reasonable time. Proper financial statements shall be prepared for each Fiscal Year and provided to each Partner within a reasonable time after the end of the Fiscal Year.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"77166e73-b26b-4cad-8145-9ea9d403e2fa","order":66,"text":"The Partnership shall maintain one or more bank accounts in the firm name at a Canadian chartered bank or other financial institution selected by the Partners. All Partnership funds shall be deposited into such accounts. Cheques, withdrawals and electronic transfers shall be authorized in the manner determined by the Partners from time to time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c20fcc72-fda7-4196-a628-4f9822df6910","order":67,"text":"The Partners shall designate one Partner or other person as the Partnership's representative for tax purposes. That representative shall cause all required information returns and elections of the Partnership to be prepared and filed within the time prescribed by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f927b274-6e64-43c0-93ad-dd7b546757b4","order":68,"text":"10. TAX MATTERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S10"},{"id":"a7427952-651e-46df-a39d-88bc9f6d496e","order":69,"text":"The Partners acknowledge that the Partnership is not itself a taxable entity and that the income or loss of the Partnership is computed at the Partnership level and allocated to, and reported by, the Partners in accordance with the Income Tax Act (Canada) and applicable provincial tax legislation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a8fd9b2a-58d1-42db-9918-2ee442d864cb","order":70,"text":"The net income or net loss of the Partnership for tax purposes shall be allocated among the Partners in the same proportions in which they share profits and losses under this Agreement, unless a different allocation is required by law or is unanimously agreed by the Partners in writing. The Partnership shall maintain the records and registrations (including, where required, a partnership account number) necessary to meet its filing obligations.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"2ceb8dc0-475c-484d-b36c-c7f06436e079","order":71,"text":"No Partner shall make any tax election or filing on behalf of the Partnership, or take any position that affects the other Partners, without the consent of all Partners, except as required by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"132739c6-de9c-47db-8e12-c3e780d11769","order":72,"text":"11. DUTIES, NON-COMPETITION AND NON-SOLICITATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S11"},{"id":"70d25e67-6a85-4304-b27d-70e4ae8e8bf2","order":73,"text":"Each Partner shall at all times act in the utmost good faith towards the other Partners and the Partnership. Each Partner shall render true accounts and full information of all matters affecting the Partnership to any other Partner, and shall account to the Partnership for any benefit derived without consent from any transaction concerning the Partnership or from any use of the Partnership's property, name or business connection.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"7b36988e-0732-4e40-8779-75f4d78b4b25","order":74,"text":"No Partner shall, without the consent of the other Partners, carry on any business of the same nature as, and competing with, the Business, and any such Partner shall account for and pay over to the Partnership all profits made by that Partner in such competing business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"b114ac94-6bf9-46d3-a47c-478ef19b8e20","order":75,"text":"In addition, each Partner covenants that, during the term of the Partnership and for a period of [Number] months following the date on which that Partner ceases to be a Partner, that Partner shall not, directly or indirectly, within [Geographic area], carry on, be engaged in, or be financially interested in any business that competes with the Business. This restriction is acknowledged by the Partners to be reasonable and necessary to protect the legitimate interests and goodwill of the Partnership. If any part of this restriction is held to be unenforceable, it shall be read down or severed to the extent necessary and the remainder shall continue to apply.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"429bfa79-d0c9-4fe3-b8a6-9a0fad258e8f","value":"1","type":"add","operator":"="}]},{"id":"47a07b05-edd2-4d0b-9456-15ce7937e015","order":76,"text":"Each Partner covenants that, during the term of the Partnership and for a period of [Number] months following the date on which that Partner ceases to be a Partner, that Partner shall not, directly or indirectly, solicit or attempt to solicit away from the Partnership any client, customer, supplier or employee of the Partnership with whom that Partner had dealings during the term of the Partnership, nor induce any such person to terminate or alter its relationship with the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"90dfa6e9-b06e-480d-a43b-e9e91a1c50a9","value":"1","type":"add","operator":"="}]},{"id":"fc79f235-1b71-4b66-9438-06dab99cea7d","order":77,"text":"12. INTELLECTUAL PROPERTY, GOODWILL AND PARTNERSHIP PROPERTY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S12"},{"id":"c587ecf5-a270-4dcc-80f4-be96b66d4917","order":78,"text":"All property, assets, rights and benefits acquired in the course of, or with funds of, the Partnership, and all goodwill arising from the Business, shall be the property of the Partnership and shall be held for the benefit of the Partners in the proportions in which they share profits. No Partner shall have any separate claim to any such property except through that Partner's Partnership Interest.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6573c31f-89a7-4b57-846f-17b1ce16490e","order":79,"text":"All intellectual property, including trade-marks, trade names, copyright, designs, inventions, know-how, software, data and other proprietary rights created, developed or acquired in connection with the Business, shall be owned by the Partnership. Each Partner hereby assigns to the Partnership all right, title and interest that Partner may have in any such intellectual property created in connection with the Business, and shall execute such further documents as may be required to give effect to such ownership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"22f32f28-3daa-48c6-879b-000eb82314e9","order":80,"text":"Upon a Partner ceasing to be a Partner, that Partner shall have no further right to use the name, marks, goodwill or intellectual property of the Partnership, except with the written consent of the remaining Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a49de70e-ed7e-4324-85dd-7506aad59a56","order":81,"text":"13. CONFIDENTIALITY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S13"},{"id":"9cafe24d-d364-4c6e-8f5e-6b0772bc9a01","order":82,"text":"Each Partner shall keep confidential, both during and after the term of the Partnership, all confidential information, trade secrets, client and customer lists, financial information and know-how relating to the Partnership or the Business, and shall not use or disclose any such information except as required for the proper conduct of the Business or as required by law. This obligation shall survive the termination of this Agreement and the dissolution of the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3c22d603-dec2-40a3-bfe8-f0e6a3ec39db","order":83,"text":"14. ADMISSION OF NEW PARTNERS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S14"},{"id":"d3fae0bf-9862-4967-a0a7-1e586bd0c30d","order":84,"text":"No person shall be admitted as a Partner except with the unanimous written consent of all existing Partners and upon that person executing an agreement, in form satisfactory to the Partners, to be bound by the terms of this Agreement, as amended. Upon admission, the profit and loss sharing proportions and capital accounts of the Partners shall be adjusted as the Partners agree in writing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"56481a79-7165-4b0b-9573-c5076f109ea0","order":85,"text":"15. TRANSFER OF PARTNERSHIP INTERESTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S15"},{"id":"4228b6ca-4cdf-4ca1-89a4-f7637a0b8cde","order":86,"text":"No Partner may sell, assign, transfer, charge or otherwise dispose of all or any part of that Partner's Partnership Interest except in accordance with this Article and with the other provisions of this Agreement. Any purported transfer in breach of this Agreement is void.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"1bc808ec-f4e5-45fb-b0e4-1d064a05dd91","order":87,"text":"Right of first refusal. If a Partner (the \"Selling Partner\") receives a bona fide written offer from an arm's length third party to purchase all of the Selling Partner's Partnership Interest, which the Selling Partner is willing to accept, the Selling Partner shall first offer that Partnership Interest to the other Partners on the same terms and conditions, by written notice setting out the price and terms of the third-party offer. The other Partners shall have thirty (30) days to elect, in proportion to their respective Proportionate Shares (or as they may otherwise agree), to purchase the offered Partnership Interest. If the other Partners do not elect to purchase all of the offered Partnership Interest within that period, the Selling Partner may, within sixty (60) days thereafter, complete the sale to the third party on terms no more favourable to the third party than those offered to the other Partners, provided the third party agrees in writing to be bound by this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f8de2930-a80a-4f40-a6d3-c7b528bf13bb","order":88,"text":"Buy-sell (shotgun) procedure. Where this Agreement permits a Partner to invoke the buy-sell procedure (including to resolve a Deadlock), any Partner (the \"Offeror\") may give written notice to the other Partner or Partners (the \"Offeree\") specifying a price per unit of Partnership Interest at which the Offeror is willing either to sell the Offeror's Partnership Interest to the Offeree, or to purchase the Offeree's Partnership Interest. The Offeree shall, within thirty (30) days after receipt of the Offeror's notice, elect by written notice either to purchase the Offeror's Partnership Interest, or to sell the Offeree's Partnership Interest to the Offeror, in each case at the specified price and on the specified terms. If the Offeree fails to make an election within that period, the Offeree shall be deemed to have elected to sell to the Offeror. Closing shall occur within sixty (60) days after the election.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"e907c446-2b75-4bcc-ba94-dd32b63f2c89","order":89,"text":"This buy-sell procedure is intended to apply where there are two Partners, or two groups of Partners able to act together. Where it cannot be applied because of the number or alignment of Partners, the affected Partners shall instead refer the matter to the Article entitled \"Dispute Resolution\", and failing resolution the Partnership may be dissolved.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5044f01a-f00f-4d3d-8c55-ca60c7bd6841","value":"3","type":"add","operator":"="}]},{"id":"2b499a60-df4b-4df4-bcc5-2a43fdd0740b","order":90,"text":"16. WITHDRAWAL AND EXPULSION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S16"},{"id":"209b64f1-14fb-45d5-b4a3-02a46d1d18cf","order":91,"text":"A Partner may voluntarily withdraw from the Partnership by giving not less than [Number] days' prior written notice to the other Partners. Upon withdrawal, the withdrawing Partner shall be entitled to be paid the value of that Partner's Partnership Interest determined in accordance with the Article entitled \"Death, Incapacity and Buy-out\", and the remaining Partners may elect to continue the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"643c66e0-09dc-4817-9273-8cf6704f9e5a","order":92,"text":"A Partner may be expelled from the Partnership by written notice given by all of the other Partners where that Partner: (i) commits an act constituting Cause; (ii) becomes bankrupt or insolvent, makes an assignment for the benefit of creditors, or has a receiver appointed over a material part of that Partner's assets; (iii) is found by a court to be incapable of managing that Partner's own affairs; or (iv) commits a material breach of this Agreement that is not remedied within thirty (30) days after written notice. Upon expulsion, the expelled Partner shall cease to have any right to participate in the management of the Partnership and shall be treated as a selling Partner whose interest is purchased under the Article entitled \"Death, Incapacity and Buy-out\".","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"fd48f8df-38f6-4a38-b28f-49901bd1cc69","order":93,"text":"On the withdrawal, expulsion, death or incapacity of a Partner, the remaining Partners may elect by written agreement to continue the Business and the Partnership shall not thereby be dissolved as among the remaining Partners.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4c532107-0810-4467-9475-89b13fd57c46","order":94,"text":"17. DEATH, INCAPACITY AND BUY-OUT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S17"},{"id":"3fad1327-35e3-42cf-9c43-4faab9b50477","order":95,"text":"Upon the death or permanent incapacity of a Partner, or upon the withdrawal, expulsion or default of a Partner (in each case, the \"Affected Partner\"), the remaining Partners shall have the right, and upon the death or permanent incapacity of a Partner the obligation if so elected by the estate, to purchase the Partnership Interest of the Affected Partner (or that Partner's estate), and to continue the Business without dissolution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"8810b635-9508-42ca-ac26-d441746a0910","order":96,"text":"The purchase price for the Affected Partner's Partnership Interest shall be determined as follows: [Valuation method]. The valuation shall take into account the Affected Partner's capital account, that Partner's share of undistributed profits, and the goodwill of the Business where applicable. Failing agreement on the value, it shall be determined by an independent business valuator appointed by the Partners, whose determination shall be final and binding.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"940997ec-0439-414d-8527-53349eedeef4","order":97,"text":"The purchase price shall be paid to the Affected Partner or that Partner's estate in [Payment terms]. Any amount not paid when due shall bear interest at a commercially reasonable rate until paid. The selling Partner or estate shall remain liable for that Partner's share of Partnership liabilities incurred up to the closing of the purchase, and shall be indemnified by the remaining Partners against Partnership liabilities incurred thereafter.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"64be3ba0-89f9-4296-bf02-cbfd77c6cc19","order":98,"text":"To fund the purchase of a deceased Partner's Partnership Interest, the Partnership or the Partners may maintain life insurance on the life of each Partner. Where such insurance is maintained, the proceeds received on the death of a Partner shall be applied towards the purchase price payable for that Partner's Partnership Interest, and any excess shall belong to the Partnership or the Partners who paid the premiums, as they may agree.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"72cdeed9-d656-47d0-af8f-1d7603347aa9","value":"1","type":"add","operator":"="}]},{"id":"cf7f51c0-f4e6-482c-97b0-627bbed766ea","order":99,"text":"Where any Affected Partner is a corporation, the foregoing provisions shall apply with necessary modifications upon the bankruptcy, insolvency, dissolution or winding-up of that corporate Partner. This paragraph applies only to a Partner that is a corporation and is otherwise of no effect.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0fdde701-726e-4d1f-91ef-e31a7aeccf22","order":100,"text":"18. INDEMNIFICATION AND LIABILITY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S18"},{"id":"447b8f57-0821-4f67-be98-ea569d233808","order":101,"text":"The Partnership shall indemnify and hold harmless each Partner from and against all liabilities, losses, damages and expenses (including reasonable legal fees) incurred by that Partner in the proper conduct of the Business and in accordance with this Agreement, save where such liability arises from the fraud, wilful misconduct or gross negligence of that Partner.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"c75d400f-9be4-45c6-abc2-fd7be48db32c","order":102,"text":"Each Partner shall indemnify the Partnership and the other Partners against any loss or damage caused by that Partner's fraud, wilful misconduct, gross negligence, or breach of this Agreement. The Partners acknowledge that, as a general partnership, the Partners are jointly and severally liable to third parties for the obligations of the Partnership in accordance with applicable law, and shall contribute among themselves to any such liability in proportion to their respective shares in the profits and losses of the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"284e91d1-1055-4909-8fe0-911d91c24e2c","order":103,"text":"The Partnership shall maintain such insurance, including commercial general liability insurance, as the Partners consider appropriate for the Business.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"4a060649-d357-4796-9eca-20b2c475b7c7","order":104,"text":"19. DISSOLUTION AND WINDING-UP","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S19"},{"id":"d33154c4-f0fc-45b3-8b9e-700ef9c357b1","order":105,"text":"The Partnership shall be dissolved upon the occurrence of any of the following events: (i) the unanimous written agreement of all Partners; (ii) the expiry of the term, if any, without renewal; (iii) the occurrence of an event that makes it unlawful for the Business to be carried on; (iv) the reduction in the number of Partners to fewer than two; or (v) the making of an order by a court of competent jurisdiction dissolving the Partnership.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"0e646720-39a5-487f-a1c3-31776dee497e","order":106,"text":"The death, incapacity, bankruptcy, withdrawal, expulsion or default of a Partner shall not of itself dissolve the Partnership where the remaining Partners elect to continue the Business in accordance with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"f79b2428-8c60-490f-b52e-42fa06c8c02d","order":107,"text":"Upon dissolution, the affairs of the Partnership shall be wound up and its assets (including any amounts realized from the sale of the Business as a going concern, if the Partners so elect) shall be applied in the following order: first, in payment of the debts and liabilities of the Partnership owed to creditors who are not Partners; second, in repayment of any loans or advances made by Partners to the Partnership; third, in repayment of the Partners' capital accounts; and finally, the surplus, if any, shall be distributed among the Partners in the proportions in which they share profits.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"6c43f800-1168-49b0-ba2b-f032ae938578","order":108,"text":"If the assets of the Partnership are insufficient to discharge its liabilities, the deficiency shall be borne by the Partners in the proportions in which they share losses. The Partners shall execute all documents and do all things reasonably necessary to give effect to the winding-up and to the cancellation of the Partnership's registrations.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"3f5261b5-e00a-45cd-a263-dd48eaee0c96","order":109,"text":"20. DISPUTE RESOLUTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S20"},{"id":"2f72d231-e2a9-4fd9-ae8e-ae50812ff9ed","order":110,"text":"The Partners shall use their best efforts to resolve amicably, through good-faith negotiation, any dispute arising out of or in connection with this Agreement.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"19f9bffe-3247-44f3-a85f-5fe5f0b7a586","order":111,"text":"If a dispute cannot be resolved by negotiation within thirty (30) days, the Partners shall first refer the dispute to mediation administered by a mediator agreed upon by the Partners. If the dispute is not resolved by mediation within thirty (30) days after the appointment of the mediator, it shall be finally resolved by binding arbitration before a single arbitrator in accordance with the applicable arbitration legislation of the Province of [Province]. The seat of arbitration shall be [City], and the language of the arbitration shall be English. The decision of the arbitrator shall be final and binding upon the Partners, and judgment upon the award may be entered in any court of competent jurisdiction.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"d5ff47e1-eb37-4c7b-821c-6afc9dfe175d","order":112,"text":"Nothing in this Article prevents a Partner from seeking urgent injunctive or other interim relief from a court of competent jurisdiction to preserve rights pending mediation or arbitration.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"5db48a7d-11fd-4547-8152-479744624e8d","order":113,"text":"21. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S21"},{"id":"120cc98e-fe4a-42b5-b381-223fd794c025","order":114,"text":"Any notice required or permitted to be given under this Agreement shall be in writing and shall be delivered personally, sent by prepaid registered mail, or sent by electronic transmission to the address of the relevant Partner as set out in this Agreement or as subsequently notified in writing. A notice is deemed given when delivered personally or electronically, or on the fifth business day after mailing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"a9c6a023-6cc6-4f0a-b2b2-4394f4bd05d8","order":115,"text":"22. GENERAL PROVISIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"10","cflou":false,"active":true,"marginTop":"10","sectionNum":"S22"},{"id":"9dc00c62-0d7a-402c-ae78-e2cd3e19e5d5","order":116,"text":"This Agreement shall be governed by and construed in accordance with the laws of the Province of [Province] and the federal laws of Canada applicable therein.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"959b4aeb-e22e-4fac-baa6-2b0caea92cde","order":117,"text":"This Agreement constitutes the entire agreement between the Partners with respect to its subject matter and supersedes all prior agreements, understandings and representations, whether written or oral. 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