Legal document: Bodl. MS heb. a 3/5

Description

Legal document. Partnership agreement. Dated: 1151. Location: Minyat Ashna (near Fustat). Following appeals by his deceased brother Binyam's widow to the court, Kathīr b. Avraham takes over the maintenance (1 dinar a month, an aboslute requirement) of his sister-in-law's orphaned children as a sort of partnership. The sources of this funding are a) rent revenue from shops in Malij left to the children by Binyam and b), the profit earned by Kathīr from 20 dinars’ worth of silk from estate of Binyam. Unusually, the "partnership" profits are not split according to a fixed percentage, but rather the children, as the "silent partner", receive a fixed amount each month. This is effectively a long-term loan or trust created under the structure of a partnership agreement. Per Goitein, Shemuel b. Yehuda ibn Asad, previous caretaker of the orphans, was apparently a regular caretaker and trustee for orphans; see PGPID 2658. Shemuel is the same Abū al-Ma‘ālī in PGPID 6581. (Information from Lieberman, "A Partnership Culture", pp. 7-10)