| Description | Deed of copartnership between Joseph Guest of Dudley, Worcs., nail ironmonger, James Wood of the same, glass manufacturer, and Edward Guest the younger of the same, nail ironmonger, as flint glass manufacturers, under the style of Guest, Wood and Guest, for a term of 21 years; capital of £6600, provided by J. Guest £3000, by Wood £1000, and by E. Guest £2600; 5% p.a. payable on capital, rest of profits shared equally; Wood to receive an extra £50 p.a. for the first 7 years for his management and skills; Guests may carry on business in Dudley as nail ironmongers; partners may withdraw capital of £100-£150 p.a. related to profits as specified; partner may withdraw after 7 years on giving 12 months' notice, the others carrying on, but partnership will dissolve on death of any partner. |