| Content Description | First Party: Richard Gorton, smallware manufacturer of Cuckney, Nottinghamshire, and John Gorton of Cuckney also, eldest son and heir of Richard.
Second Party: John Thompson, smallware manufacturer of Mansfield, Nottinghamshire, and partner with (1).
In pursuance of the agreement, declaration that the partnership exisiting between Richard Gorton and (2) should be dissolved, and is fully released and discharged from any transactions; assignment by (2) to Gorton of all his part share of the property involved in their joint trade of manufacturing in Cuckney, Worksop [Nottinghamshire] and Manchester [Lancashire], and of the several spinning and weaving mills at Worksop; further grant from (2) to Gorton for the recovery of goods, securities and other property from their co-partnership.
In consideration of the dissolving of the partnership in order for (2) to pay personal debts, (1) has made a bond and obligation [wanting] with (2) in the penal sum of £3000. for the payment of £1500.; also details of a further bond bearing even date [wanting] made by Richard Gorton in the sum of £900. to be paid to (2) for an annuity of £225. for a term of 7 years; includes covenant that (2) shall be employed by (1) for travelling for the business in Lincolnshire, Norfolk and Suffolk for the said term of 7 years, and that (2) shall receive 18s. per day travelling expenses.
Recitals: (a) fact that a partnership between Richard Gorton and (2) was entered into and continued since 1789 in the business of smallware weaving and manufacturing at Worksop for a term of 7 years which is now expired; (b) fact that another partnership was entered into by Gorton and (2) with John Turbeville and John Roe by an indenture dated 25 Mar. 1795 [see Ne 6 D 2/47/30 for details]; (c) fact that Gorton and (2) have since built a weaving mill on the site with all machinery, and that Turbeville and Roe granted a derivative lease for the residue of the term granted by the Duke of Norfolk; (d) for various reasons the partnership between Gorton and (2) should now be dissolved, and agreed that (2) should assign to Gorton all his estate, right and interest in the property in Cuckney and Worksop, including all goods and machinery, in consideration that Gorton will pay to (2) a yearly sum to indemnify him. |