Partnership Agreement - Details

Governing Law

(Required)
Your Partnership Agreement will be governed by the laws of the selected jurisdiction. Also, it will be tailored to meet the specific laws and regulations of this jurisdiction.

You must select a state to continue.

Partnership Information

(e.g. XYZ Partnership)
(e.g. 11011-12 Street, Chicago, IL 80120)
(e.g. Construction and sale of condominiums)
Open the calendar popup.


Partner Information

Enter the name, address and other partner specific information for each Partner.

First Partner's Information

(e.g. Samuel Johnson)
(e.g. 11011-12 Street, Chicago, IL 80120)

Capital Contributions

(e.g. This Partner will provide cash; This Partner will contribute 2,000 square feet of suitable office space described as: 11011-12 Street, Chicago, IL 80120; This Partner will provide all engineering services necessary to bring the ABC widget to market.)
$ (e.g. 10000, 250000)
Provide a single cash valuation representing all capital contributions made by this Partner. This valuation should be total value for all cash, property and services provided to the Company.

Open the calendar popup.
Indicate the delivery deadline for all capital contributions for this Partner.

Second Partner's Information

(e.g. Samuel Johnson)
(e.g. 11011-12 Street, Chicago, IL 80120)

Capital Contributions

(e.g. This Partner will provide cash; This Partner will contribute 2,000 square feet of suitable office space described as: 11011-12 Street, Chicago, IL 80120; This Partner will provide all engineering services necessary to bring the ABC widget to market.)
$ (e.g. 10000, 250000)
Provide a single cash valuation representing all capital contributions made by this Partner. This valuation should be total value for all cash, property and services provided to the Company.

Open the calendar popup.
Indicate the delivery deadline for all capital contributions for this Partner.

Profit and Loss Distribution


Indicate the percentage of the Company's profit or loss that each Partner will receive:
 (e.g. 25, 49, 51)
 (e.g. 25, 49, 51)
Total:                                            0%

The profit and loss distribution for Partners must total 100.00%

Accounting and Annual Reports


Annual Reports
The annual report to the Partners will include a copy of the Partnership's Federal Income Tax filing. Select any additional reports required:

Management

(e.g. monthly, as required, etc.)

Voting


(eg. 51, 100, etc.)
(eg. 51, 100, etc.)
(eg. 51, 100, etc.)

Admitting New Partners

Dissolving the Partnership, Partner Withdrawal, Assignment of Interest

Voluntary Withdrawal of a Partner

Dissolution of the Partnership

(eg. 25, 50, 100, etc.)

Duty of Loyalty


Actions that require unanimous consent of all Partners

Select the issues that require the unanimous consent of all Partners:

Mediation/Arbitration

Additional Clauses

Signing Details