Constitution of Arty Bits to Order
Article I: Name and Purpose
Section 1: Name
The name of the partnership shall be "Arty Bits to Order," hereinafter referred to as "the Partnership." The Partnership operates from Mid Henshilwood Farm, Braehead, ML11 8HB with off-site activities to meet the Purpose (outlined in Article 1 Section 2) as agreed by the Partners (as outlined in Article II).
Section 2: Purpose
The purpose of the Partnership is to;
1. To inspire, engage and empower people to create art works through social participation, sharing of skills and workshops.
2. To deliver creative activities and projects which support individual and community development through arts-based tuition, outcome-based projects and clubs.
3. To create and sell custom-made, handcrafted art piece and related products to customers, providing unique and personalised art that meets the specific needs and preferences of each client.
Article II: Partnership Structure
Section 1: Partners
The Partnership shall consist of individuals who have entered into a partnership agreement to operate under the name "Arty Bits to Order." Each individual partner is referred to as "Partner."
Section 2: Admission of New Partners
New partners may be admitted to the Partnership with the unanimous consent of the existing partners.
Section 3: Withdrawal of Partners
A partner may withdraw from the Partnership by giving written notice to the other partners at least 90 days in advance.
Article III: Roles and Responsibilities
Section 1: Partners’ Duties
Each partner shall contribute to the business operations, including but not limited to, product creation, marketing, sales, workshop facilitation, tuition and administration. Specific duties may be allocated based on the skills and preferences of each partner.
Section 2: Decision-Making
Decisions affecting the Partnership shall be made by a majority vote of the partners, except for those requiring unanimous consent as specified in this constitution.
Section 3: Financial Contributions
Each partner shall contribute capital to the Partnership as agreed upon by all partners. Additional contributions may be required based on the financial needs of the Partnership.
Article IV: Meetings
Section 1: Regular Meetings
Partners shall hold regular meetings at least once a month to discuss business operations, financial status, and other relevant matters.
Section 2: Special Meetings
Special meetings may be called by any partner as needed, with reasonable notice given to all other partners.
Section 3: Quorum
A quorum for any meeting shall consist of a majority of the partners.
Article V: Financial Matters
Section 1: Profit and Loss Sharing
Profits and losses shall be shared among the partners in proportion to their respective capital contributions, unless otherwise agreed upon in writing by all partners.
Section 2: Banking
The Partnership's funds shall be deposited in a bank account in the name of "Arty Bits to Order." All transactions from this account require the signature of at least two partners.
Section 3: Accounting
Accurate books of account shall be kept and shall be available for inspection by any partner at any time. An annual financial statement shall be prepared and presented to the partners.
Article VI: Dispute Resolution
Section 1: Mediation
In the event of a dispute between partners, the partners agree to seek resolution through mediation before pursuing other legal remedies.
Section 2: Arbitration
If mediation fails, the dispute shall be settled by arbitration in accordance with the rules of the Chartered Institute of Arbitrators in the UK.
Article VII: Amendments
Section 1: Proposal of Amendments
Amendments to this constitution may be proposed by any partner and must be submitted in writing to all partners.
Section 2: Adoption of Amendments
Proposed amendments shall be adopted by a unanimous vote of the partners.
Article VIII: Dissolution
Section 1: Procedure
The Partnership may be dissolved by a unanimous vote of the partners. Upon dissolution, the assets of the Partnership shall be liquidated, and the proceeds shall be used to pay all outstanding debts. Any remaining assets shall be distributed to the partners in proportion to their respective capital contributions.