4 means that estimate the shares of partners in work and the partner's share is not inherited

In a seminar in Asharqia Chamber.
   
         Attorney Anas Al Zamil said in a seminar held on Sunday, December 3, 2017 in Asharqia Chamber titled "Legal Aspects of the Business Partner", which is a program of the Executive Council for Businesswomen, which aims to educate women about their business rights. That the partner has a salary and that not all shares of capital are shares of work, and that the share of the work is a mutual share and is based on personal consideration.
   Al Zamil explained that the mechanism of determining the share of the work is done at the company, according to the interest represented by the company's work, or is estimated after the evaluation of his work or the basis of the agreement between the partners, noting that the shares remain equal among the partners in the work until their share is determined.
    "There are four ways in which the share can be measured by work, which is either equal to the minimum share of capital or determined by agreement between the partners or on the basis of its importance to the activity by the company.
    With regard to the means of agreement between the partners, Al Zamil said: "Either it is within the provisions of the Articles of Association or an independent agreement between the company and the partner is prepared," stressing the importance of the partner not acting as a competitor, maintaining confidentiality and continuing his commitment to work.
    As for the nature of the work share, Al Zamil believes that it is about everything that can be an obligation and is not evaluated by money but can be evaluated by the benefit of the company through which it can not be owned by the company because it is related to the personal element of the partner, Of a technical nature and to be provided by certain services within the company's business.
    Al Zamil talked about the effects of the share in the work, indicating that if the partner withdrew the work or liquidation of the company will be entitled partner to work then share of the profits until the date of withdrawal or liquidation of the company, while the sale of all the shares of partners is not worth the time partner to work any exchange, stressing that the share of the partner The work does not inherit and that when the partner withdraws from work, the company will continue among the other partners.