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Upon the commencement date of this partnership, they shall be deemed to have become partners in business. The purposes, terms and conditions of this partnership are as follows: 1. The firm name of the partnership shall be (enter name of partnership). 2. The business of the partnership is set forth below and includes any other business related thereto: We are forming a no-maintenance fee partnership for (enter name of partnership) to claim and/or buy horses to race in North America. (Enter name.

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