DIY Legal Forms

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Limitation On Competing Business Activity

While being bound into this partnership, no partner so involved may involve himself in any type of other partnership or business venture that is in direct or indirect competition with the business of the partnership. If any partner violates this condition they shall be subject to ejection from the partnership under the stipulations of Section ___________ of this agreement of partnership.

Dated:

____________________________

Signature and Title

____________________________

Signature and Title

____________________________

Signature and Title

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)