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Silent Party Of Partnership
SILENT PARTY OF PARTNERSHIP
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:
Both parties of the partnership agreement, agree that [Name of silent partner], shall be considered a silent partner. This grants [Name of silent partner] the right to not be active in partnership business on any level and does not restrict [ him or her ] from conducting any other business or any other partnerships during life of the agreement.
Partner Dated
Partner Dated
Witness Dated
Witness Dated
Witness Dated