Partnership Agreement template
Ownership, contributions, and decision-making for two parties forming a business partnership.
What this contract contains
Preamble and parties.In the creator you enter each partner’s legal name, entity type, and address, pick whether you are Partner A or Partner B, and set the effective date. Names the partnership and each partner. Choose your side in the creator.
Purpose.The Uniform Partnership Act treats a partnership as co-owners carrying on a business for profit, and each partner as an agent in the ordinary course. In the creator you describe that business in plain English. States the business the partners will carry on. You write this in the creator.
Contributions and ownership.In the creator you describe cash, property, or services contributed and type the ownership split so profit allocation matches the deal. Records what each partner puts in and how ownership, profits, and losses are split.
Management.You choose unanimous or majority approval for admitting a partner, selling assets, extra borrowing, or dissolving the partnership. Lets each partner handle ordinary work and sets a vote for major decisions.
Term and withdrawal. Starts on the effective date and lets a partner leave on notice. The business can continue, with a buyout of the withdrawing interest.
Confidentiality. Keeps non-public partnership information limited to running the business.
Governing law.Governing law and venue decide which state’s rules apply and where a dispute must be filed, or whether it goes to arbitration instead. In the creator you pick a listed jurisdiction or enter another, then choose court or arbitration so the sample is not locked to a default state. Sets the state law that governs the partnership agreement and where disputes must be brought. Choose the jurisdiction in the creator.
General. Covers assignment limits, waiver rules, severability, entire agreement language, notices, and counterpart or electronic-signature execution language.
Signature blocks. Authorized signatory and title lines for each party, ready for wet-ink or e-signature fields.
