Partnership Agreement Template

PARTNERSHIP AGREEMENT

Effective Date: 9 Nov 2026

This Partnership Agreement (“Agreement”) is made between:

The parties may be referred to individually as a “Partner” and collectively as the “Partnership”.

Purpose of the Partnership

The Partners agree to work together for the purpose of:

• Purpose.Description

This may include joint operations, shared responsibilities, revenue activities, marketing efforts, or any business activities outlined in this Agreement.

Contributions of Each Partner

Each Partner agrees to contribute resources to the Partnership, including but not limited to:

Partner 1 Contributions

• Financial: Partner1 Financial Contribution

• Assets/Equipment: Partner1 Asset Contribution

• Skills/Work: Partner1 Skills Contribution

• Other: Partner1 Other Contribution

Partner 2 Contributions

• Financial: Partner2 Financial Contribution

• Assets/Equipment: Partner2 Asset Contribution

• Skills/Work: Partner2 Skills Contribution

• Other: Partner2 Other Contribution

Additional Partners may be added to the Partnership with unanimous approval and by signing an updated Agreement.

Ownership Structure

Unless otherwise agreed, ownership will be shared as follows:

• Partner 1: Partner1 Ownership Percentage%

• Partner 2: Partner2 Ownership Percentage%

Ownership percentages reflect voting rights, profit distribution, and responsibility levels.

Management & Decision-Making

• All major business decisions require the approval of all Partners unless a different voting structure is defined below:

  • Decisions requiring unanimous agreement: Unanimous Decision Examples

  • Decisions requiring majority agreement: Majority Decision Examples

• Each Partner agrees to act in good faith and in the best interest of the Partnership.

• Routine operational decisions may be delegated to a specific Partner or role:

  • Assigned to: Operational Manager

Profits, Losses & Distribution

• Profits and losses will be shared proportionately according to ownership percentages unless otherwise agreed.

• Profit distribution schedule: Distribution Frequency (e.g., monthly/quarterly/annually).

• Funds will only be distributed after reserving amounts necessary for operational costs, future investments, and agreed-upon obligations.

Banking & Financial Management

• A dedicated Partnership bank account will be established under the name: Partnership Name

• All Partnership income will be deposited into this account.

• Withdrawals must be authorized by: Financial Authorization Rules

• Accurate financial records and accounting statements will be maintained and accessible to all Partners.

Roles & Responsibilities

Each Partner will hold designated roles within the Partnership:

• Partner 1 Role: Partner1 Role
  Responsibilities: Partner1.Responsibilities

• Partner 2 Role: Partner2 Role
  Responsibilities: Partner2 Responsibilities

No Partner may engage in activities that conflict with the best interest of the Partnership.

Intellectual Property & Branding

• Any branding, trademarks, content, software, designs, or materials created for the Partnership will be considered Partnership property unless individually owned and licensed.

• Individually owned materials must be clearly identified:

  • Individually Owned Assets

• Use of Partnership branding outside this Agreement requires mutual approval.

Confidentiality

All Partners agree to maintain the confidentiality of non-public business information, including customer data, pricing, internal processes, and financial details.
This obligation continues for Confidentiality Period Years years after departure or dissolution.

Non-Compete & Non-Solicitation (Optional)

A Partner must not:

• Compete directly with the Partnership within Non Compete Radius (km / region) for Non Compete Duration

• Solicit Partnership clients or employees for Non Solicitation Duration

This clause is optional and should reflect the nature of the Partnership.

Dispute Resolution

1. Partners agree to resolve disputes through:

   1. Step 1: Good-faith discussion

   2. Step 2: Mediation with a mutually agreed mediator

   3. Step 3: Arbitration or legal proceedings if required

2. All Partners remain obligated to continue essential operations during dispute resolution.

Departure of a Partner

If a Partner chooses to leave:

• They must provide Exit Notice Period written notice

• The Partnership will determine a buyout value using Buyout Method

• Departing Partner must return all Partnership property and cease using any branding, confidential info, or business resources.

Dissolution of the Partnership

The Partnership may dissolve if:

• All Partners agree in writing

• A Partner is unable to continue operations

• The Partnership becomes financially non-viable

Upon dissolution:

• Assets will be sold or distributed according to ownership percentages

• Outstanding debts will be settled before distributions

• A final accounting will be provided to all Partners

General Provisions

• This Agreement constitutes the entire understanding between the Partners.

• Any amendment must be in writing and signed by all Partners.

• This Agreement is governed by the laws of Governing State.

Signatures