Agreement between partners. The parties are the owners in equal shares, as tenants in common, of the business, goodwill and firm name of _________, and of all trademarks, copyrights, and labels used subject to the payment to _________, of _________ dollars per month for life, and subject to terminable copartnership articles made between the parties and _________. The parties desire that, upon the death of either, the survivor shall have the right in the manner and upon the terms and conditions specified, either alone or in copartnership with another or others, or through a corporation of which he [she] may be a member, to continue the business of _________[name of firm], and to use all trademarks, copyrights and labels now owned or acquired by the parties. The parties further desire, if either party while living, or if after death his or her legal representatives, shall decide to sell the half interest in the business, goodwill, firm name, trademarks, copyrights and labels, that the other party shall have _________ days within which to decide whether to purchase it. It is agreed between the parties as follows: 1. Upon the death of either of the parties, the survivor shall have the exclusive right, during his [her] life or until a sale is made as provided, to use the half interest of the deceased party in the goodwill and firm name of _________ and in all trademarks, copyrights and labels now owned or later acquired by the parties, upon condition, nevertheless, that, and so long as, the survivor shall pay to the legal representatives of the deceased party, each year, as rental for the use of the half interest, a sum equal to _________ percent of the annual net profits of the business of _________. 2. The survivor shall pay to the legal representatives of the deceased party, each year, so long as the survivor shall, under the preceding article, use the half interest in the goodwill or firm name of _________ and in the trademarks, copyrights or labels now owned or acquired by the parties, a sum equal to _________ percent of the annual net profits of the business of _________. The legal representatives shall have no voice or control, during this time, in the management of the business, and no interest or property in the profits and shall not be liable for the debts, expenses, or losses of the business. Reference is made to profits solely to fix the rental to be paid by the survivor for the use of the half interest of the deceased party.