Partnership Agreement

# PARTNERSHIP AGREEMENT

**Effective Date:** {{effective_date}}

This Partnership Agreement establishes a general partnership between:

**Partner 1:**
{{partner1_name}}
{{partner1_address}}

**Partner 2:**
{{partner2_name}}
{{partner2_address}}

{{additional_partners}}

## 1. PARTNERSHIP NAME AND PURPOSE

**Partnership Name:** {{partnership_name}}
**Principal Place of Business:** {{business_address}}
**Business Purpose:** {{business_purpose}}

## 2. TERM

This partnership shall begin on {{start_date}} and continue until dissolved according to the terms of this Agreement.

## 3. CAPITAL CONTRIBUTIONS

**Partner 1:** {{partner1_contribution}}
**Partner 2:** {{partner2_contribution}}

{{additional_contributions}}

Additional capital contributions require unanimous written consent.

## 4. OWNERSHIP INTERESTS

**Partner 1:** {{partner1_percentage}}%
**Partner 2:** {{partner2_percentage}}%

{{additional_percentages}}

## 5. PROFIT AND LOSS DISTRIBUTION

Profits and losses shall be distributed:
{{distribution_method}}

Distributions shall be made: {{distribution_frequency}}

## 6. MANAGEMENT AND VOTING

**Management Structure:** {{management_structure}}

**Voting Rights:**
- Routine decisions: {{routine_voting}}
- Major decisions: {{major_voting}}

**Major decisions include:**
{{major_decisions_list}}

## 7. PARTNER DUTIES

Each partner agrees to:
- Devote {{time_commitment}} to the partnership
- Act in good faith and in the best interest of the partnership
- Not engage in competing businesses without consent
- Maintain confidentiality of partnership information

## 8. SALARIES AND DRAWS

{{salary_draw_terms}}

## 9. BANKING AND FINANCES

**Bank:** {{bank_name}}
**Authorized Signers:** {{authorized_signers}}
**Signature Requirements:** {{signature_requirements}}

## 10. ACCOUNTING

The partnership shall maintain accurate books using {{accounting_method}} accounting. Financial statements will be prepared {{financial_statement_frequency}}.

**Fiscal Year:** {{fiscal_year}}

## 11. ADMISSION OF NEW PARTNERS

New partners may be admitted with {{admission_requirement}}.

## 12. WITHDRAWAL OF A PARTNER

A partner may withdraw with {{withdrawal_notice}} written notice.

Upon withdrawal:
{{withdrawal_terms}}

## 13. DEATH OR INCAPACITY

In the event of death or incapacity:
{{death_incapacity_terms}}

## 14. DISSOLUTION

The partnership shall dissolve upon:
{{dissolution_triggers}}

Upon dissolution:
{{dissolution_process}}

## 15. DISPUTE RESOLUTION

{{dispute_resolution}}

## 16. GOVERNING LAW

This Agreement shall be governed by the laws of {{governing_state}}.

---

**PARTNER 1**

Signature: {{partner1_signature}}
Name: {{partner1_name}}
Date: {{partner1_date}}

---

**PARTNER 2**

Signature: {{partner2_signature}}
Name: {{partner2_name}}
Date: {{partner2_date}}