Giveawaylegalforms.com

Partnership Assets Owned by Partnership Clause Type 1

The Partners agree that all assets listed in Schedule "A" attached hereto are assets of the Partnership and that title to such assets shall be vested in the Partnership immediately on execution of this Agreement. The Partners further agree that as of the date hereof, these assets are valued at $________________. The Partners further agree that none of these assets shall be used for any purposes other than in connection with the business of the Partnership.