Legal document: T-S NS 320.22 + CUL Or.1080 J121

Description

Legal document. Partnership agreement. Dating: 1108. Location: Fustat. Written in the hand of the court clerk Hillel b. ʿEli. An agreement between Abū al-Faḍl Mevorakh b. Abraham Ibn Sabrī and Abū ‘Imrān Moshe b. Mordecai ha-Kohen for a yearlong partnership in a shop selling olives and food commodities. Mevorakh and Moshe invested 80 and 50 dinars, respectively. Moshe seems to be in charge of the shop, garnering two-thirds of the profit and being responsible for two-thirds of the losses. He must prepare a reckoning at the end of the year, without required notarization. However, if the partnership has decreased in value, there is to be a judgment between the partners. The partners are not allowed to quit the partnership before the end of the one-year period, after which they may either renew or terminate it. However, if they decide to terminate, Moshe has two months to return Mevorakh’s investment. Mevorakh, a Parnas, must have been involved in social welfare tasks. Moshe has much autonomy in the shop, taking on “trust in Heaven” that he will not defraud his partner in absentia. (Lieberman, "A Partnership Culture," 257)