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Partnership Agreement

Business partnership terms and profit sharing between two or more partners.

PARTNERSHIP AGREEMENT

This Partnership Agreement is made on [DATE] between [PARTNER 1 NAME] and [PARTNER 2 NAME] ("Partners").

1. PARTNERSHIP NAME AND PURPOSE

Partnership shall be known as [PARTNERSHIP NAME] and engage in the business of [BUSINESS DESCRIPTION].

2. CAPITAL CONTRIBUTIONS

Initial capital contributions: [PARTNER 1]: $[AMOUNT], [PARTNER 2]: $[AMOUNT]. Additional contributions require mutual consent.

3. PROFIT AND LOSS SHARING

Profits and losses shall be shared: [PARTNER 1]: [PERCENTAGE]%, [PARTNER 2]: [PERCENTAGE]%.

4. MANAGEMENT AND AUTHORITY

Partners shall have equal management authority. Major decisions require unanimous consent. Day-to-day operations may be handled individually.

5. PARTNERSHIP DUTIES

Each partner shall devote [TIME COMMITMENT] to partnership business and act in good faith and partnership's best interests.

6. DISSOLUTION

Partnership may be dissolved by mutual consent, death, withdrawal, or bankruptcy.

PARTNER 1: _________________ PARTNER 2: _________________

[PARTNER 1 NAME] [PARTNER 2 NAME]

Date: ___________ Date: ___________

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What is a Partnership Agreement?

A Partnership Agreement establishes the terms of a business partnership, including capital contributions, profit sharing, management responsibilities, and dissolution procedures.