Contract Template
Partnership Agreement Template
A template contract for business partnerships.
Ownership
Partnership agreements define ownership percentages.
Ownership determines voting rights and profit share.
Profit Distribution
Define how profits will be distributed among partners.
Distribution may be equal or ownership-based.
Exit Rights
Partnership agreements should explain how partners can leave.
Buyout provisions are common.
Full Template
Copy and adapt this template for your situation.
PARTNERSHIP AGREEMENT
This Partnership Agreement ("Agreement") is entered into on [DATE] between:
Partner 1: [NAME]
Address: [ADDRESS]
Partner 2: [NAME]
Address: [ADDRESS]
1. Formation
The parties agree to carry on business together under the name [BUSINESS NAME].
2. Ownership Interests
The ownership interests of the partners are:
- Partner 1: [PERCENTAGE]
- Partner 2: [PERCENTAGE]
3. Contributions
Each partner will contribute the following capital, assets, or services:
[CONTRIBUTIONS]
4. Profit and Loss Sharing
Profits and losses will be allocated as follows:
[ALLOCATION TERMS]
5. Decision-Making
Major business decisions will require:
[DECISION RULES]
6. Duties and Responsibilities
Each partner's expected role and responsibilities are:
[ROLES]
7. Confidentiality
Partners will keep the business's confidential information private.
8. Withdrawal and Buyout
If a partner wishes to leave, the following process will apply:
[EXIT / BUYOUT TERMS]
9. Dispute Resolution
The partners will attempt to resolve disputes in good faith before formal proceedings.
10. Governing Law
This Agreement is governed by the laws of [JURISDICTION].
Signed:
________________________
[PARTNER 1]
________________________
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