General Partnership Agreement

When to Use this Agreement

When two or more people carry on a business as partners or receive income jointly.

Business partnerships can be an enjoyable, profitable and enduring form of a business relationship.
Partnerships free up business owners by allowing them to share management duties and capitalise on the specific skills of the partners. Many business people have found that when the right synergy exists, the world can be your oyster.

If you are thinking about at a single, short-term project, our Joint Venture agreement maybe more suitable. Particularly if the aim of your project is to share the output of the arrangement, like a product or intellectual property, rather than joint or collective profits.

Your professionally drafted partnership agreement is available for immediate download..The document comes to you as a Microsoft Word and PDF template that can be used as often as you like. Simply insert the correct information in the appropriate field and tab to the next. Now print your professional agreement

This Partnership Agreement Template defines the rights, roles and responsibilities of each partner and clearly spells out specific conditions that apply to your partnership. This means it protects the interests of those involved by putting in writing the following considerations:

 

The Contract includes the following provisions -

• Description of the Business
• The role and authority of each partner
• Amount of equity invested by each partner
• Entitlement to and share of profits
• Term of the partnership
• The principle place of business
• Banking arrangements
• Accounting/Valuation Principles
• Retirement/Death Arrangements
• Provisions for changes or dissolving the partnership.
• The distribution of assets on dissolution
• The resolution of disputes
• Withdrawal of capital
• Loans
• Acts requiring majority consent
• Sale of partnership interest
• Conflicts of interest
• Confidentiality
• Governing Law

View Sample Document

 

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