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Payment Of Interest On Contributions
PAYMENT OF INTEREST ON CONTRIBUTIONS
As a legally binding addendum and amendment to our partnership agreement dated [Date of agreement] we, [Name of first partner] and [Name of second partner] submit the following:
Each partner that provides an amount in the excess of [Amount provided to partnership] to the partnership agreement, does so with interest at the following rate of. [Percentage rate] % annually, and will be paid at the end of each fiscal year. This annual payment will be made prior to any disbursements of profit.
Partner Dated
Partner Dated
Witness Dated
Witness Dated