A partnership agreement is a document used when two or more partners engage in a business with a view to making a profit. It sets out each partner's rights and responsibilities, provisions for running the business day-to-day and what happens if a partner dies or the partnership dissolves.
Make sure your business runs smoothly when you enter into a partnership agreement with one or more individuals with this partnership agreement template. Avoid potential conflict by drafting a detailed and complete agreement of what is expected of the partners and how the business will be run under the new partnership. This partnership agreement covers who the partners are, their capital contributions, their rights and responsibilities, and what will happen if and when they decide to leave the partnership.