Partnership Agreement Template
2-partner business agreement. Contributions, profit split, decision-making, exit.
Use this free partnership agreement template to create, fill in and sign a partnership agreement online. Send to the other party for a legally binding signature — tamper-evident audit trail included.
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PARTNERSHIP AGREEMENT
This Partnership Agreement is entered into on [date] between [partner a] and [partner b] (the "Partners") for the operation of [partnership name] (the "Partnership").
1. Purpose
The Partnership will engage in: [business purpose].
2. Contributions
[partner a] contributes: [contribution a]. [partner b] contributes: [contribution b].
3. Profit & Loss Split
Profits and losses are shared [split a pct] to [partner a] and [split b pct] to [partner b], distributed [distribution frequency].
4. Decision-Making
Day-to-day decisions may be made by either Partner. Major decisions (any expenditure over [major decision threshold], taking on debt, hiring senior staff, dissolving the Partnership) require unanimous consent.
5. Bookkeeping
The Partnership will maintain accurate books at [registered address], accessible to either Partner at any reasonable time. Financial statements will be prepared [financial frequency].
6. Withdrawal & Dissolution
Either Partner may withdraw with [withdrawal notice] days written notice. On withdrawal or dissolution, assets are liquidated, liabilities settled, and remaining capital distributed pro-rata to capital accounts.
7. Dispute Resolution
Disputes will first be addressed by good-faith negotiation, then mediation, and finally arbitration in [jurisdiction].