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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.

Our Partnership Agreement has been formatted for your convenience using Microsoft Word and it is available for immediate download. You can use this template time after time, simply insert the correct information in the appropriate fields and tab to the next. Now print your legal and binding Partnership 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

Sample General Partnership Agreement


 

 

      * This agreement includes a complimentary copy (A $97 VALUE!) of R. P. Emery & Associates newly revised 3rd Edition, "Agreement Preparation Tips, Hints & Secrets" publication. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete an agreement in detail. In addition, it contains alternative legal clauses and provisions you can use Click here to read more about the book.

 

 

Our fully secured e-commerce system allows you to purchase and download your General Partnership Agreement safely. In just a few minutes you can have everything you need to secure the sale or purchase of a property.

 

 

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