Partnership Agreement
Protect yourself and your partners with LawDepot's
Partnership Agreement
  • Specify your own Profit/Loss distribution.
  • Describe your management structure.
  • Describe how to add or remove a Partner.
  • Describe how to dissolve the Partnership.
Get Started:
  • Complete the Partnership Agreement form below.
  • Click on "View Results" at the bottom to preview your Partnership Agreement.

If your company is a Limited Liability Company (LLC) then try our LLC Operating Agreement.

If the parties will interact only on an arms' length basis and do not pool profits and losses then try our Joint Venture Agreement.

If you are unsure which business type best meets your needs then please read our Business Types FAQ.

We regularly maintain this contract. Last Modified: December 2008
Partnership Agreement Details

Governing Law

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: suite 201, 9955 - Westmount Boulevard, Los Angeles, California; This Partner will provide all engineering services necessary to bring the ABC widget to market.)
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: suite 201, 9955 - Westmount Boulevard, Los Angeles, California; This Partner will provide all engineering services necessary to bring the ABC widget to market.)
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, 33.33, 51)
 (e.g. 25, 33.33, 51)
Total:                                           0%
The profit and loss distribution for Partners must total 100.00%

Total must equal 100% for all Partners.

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