Unfortunately Jane's printer broke before they could finish printing the first newsletter. The friends had to use the rest of their savings to pay for the repairs. The broken printer meant some newsletters weren't delivered on time and friends received complaints. John and Jane realized that to retain customers they needed to ensure that the newsletter was printed and delivered on time in the future. With all their savings spent on repairs, John and Jane had no money to buy more paper and ink. They would need to borrow money for the next issue of JJ Times. The future John prepared to negotiate a loan with his father. Jane arranged an expensive bank loan without telling John. When he found out, John was very worried and remembered that his Enterprise teacher had warned him about the disadvantages of a business operating as a partnership. John decided that he and Jane should write a partnership deed (below) and a business plan.PARTNERSHIP DEED Name of partner one (INSERT NAME) Name of partner two (INSERT NAME) Address of partner one (INSERT ADDRESS) Address of two partners (INSERT ADDRESS) The capital of the company will be $ ............ . This will be contributed by partners in the following amounts: Partner one 40% $ ............ Partner two 60% $ ............ Profits will be shared based on invested capital. Partner One (INSERT NAME) - 40% of profits Partner Two (INSERT NAME) - 60% of profits