contracts - DOCX / PDF
Partnership Agreement
Business partnership agreement covering capital contributions, profit sharing, management roles, and dissolution
Partnership Agreement
Party 1 (Name / Company)
Party 1 Address
Party 2 (Name / Company)
Party 2 Address
Effective Date
Partnership name
Purpose
Capital contributions
Profit and loss
Distribution
Management duties
Voting rights
New partners
Transfer restrictions
Withdrawal/retirement
Duration / End Date
Signature
Signature
Essential for any business with two or more owners operating together.
Key Sections
- Partnership name and principal office
- Purpose of the partnership
- Capital contributions by each partner (cash, property, services)
- Profit and loss allocation percentages
- Distribution policy (frequency, minimum retention)
- Management duties and authority levels
- Voting rights (per capita vs. per capital contribution)
- New partners admission process and terms
- Transfer restrictions (right of first refusal, buy-sell)
- Withdrawal/retirement procedures and buyout formula
- Death/disability buyout provisions (cross-purchase, entity)
- Dissolution triggers and winding-up process
- Non-compete during and after partnership
Tax election considerations (partnership vs. LLC taxed as partnership). Banking and signing authority provisions.
Customize ownership percentages, roles, and buyout terms in PDFb2.
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