In a partnership, the agreement between the partners only has binding effect on the partners, but they still bear joint and several liability to the outside world.
For example, A, B, and C are a partnership and operate two projects, A and B.
A and B and C signed an agreement, agreeing that they would only be responsible for the profit and loss of project A, and would not participate in the operation and management of project B, nor be responsible for the profit or loss.
Suppose that one year later, A makes a profit, but B loses money, and the money owed to D cannot be returned.
But Dante still has the right to approach any one of A, B, and C to demand repayment of the loan.
If Ding goes to court to sue A, and A comes up with the agreement signed with B and C to fight, saying that I am not responsible for anything about project B, it is useless, and Ding still has to repay the money. Because the agreement between partners has no external effect.
But after repayment, A has the right to take the agreement to court to sue B and C, requiring them to repay the money A paid to D. This can be supported because this agreement has legal effect internally.
The agreement reads as follows:
Party A: XXX, Party B: XXX, Party C: XXX…………
A, B, and C XXX*** are signed together This agreement stipulates the internal responsibilities of the partnership as follows:
1. Party A’s investment of XX million yuan is only used to invest in XXX project, and will only participate in the operation and management of the project, and will only participate in the profit and loss of the project. Responsible;
2. Party A does not participate in other investment projects of the partnership at all, including not participating in operation and management, not participating in dividends, and not participating in bearing losses;
Three. If If Party A assumes legal liability for matters related to other projects, Party A has the right to seek compensation from other parties;
IV. Liability for breach of contract
V. Others
Signed and stamped by all parties
This is just a simple draft of the agreement. You need to add specific content and details according to the actual situation. It is recommended that you ask a professional lawyer to review all the material details and help you draft a contract.