This small business partnership agreement, entered into on 9 Nov 2026 is by and between the following entities:

Mitchell & Co.

22 Wattle Rd, Paddington QLD 4064

0423 456 789

Mitchell & Co.

22 Wattle Rd, Paddington QLD 4064

0423 456 789

Definition

The undersigned parties hereby establish a small business partnership, to be known as [Partnership Name], hereinafter referred to as "the Partnership." The principal place of business for the Partnership shall be located at: [Business Address].

Duration

The Partnership shall commence on [Start Date] and shall continue until terminated in accordance with the terms outlined in this agreement, or by mutual written consent of all partners.

Capital Contribution

Each partner agrees to contribute the following capital to the Partnership:

• Sarah Mitchell : $[Amount]

• Sarah Mitchell : $[Amount]

• These contributions shall be used for the initial operating expenses and ongoing financial needs of the Partnership. Additional contributions, if required, shall be determined by mutual agreement of the partners.

Distribution of Profits and Losses

All net profits generated by the Partnership shall be equally distributed between the partners. Likewise, any net losses shall be shared jointly in a fair and equitable manner.

Partnership Accounts

Neither partner shall charge the Partnership’s accounts for time or services rendered. However, each partner may withdraw their portion of net profits from their respective capital accounts at their discretion.

Interest

No interest shall be payable on any capital contributions made by the partners.

Responsibilities of Partners

Both partners shall share equal responsibility for the management and operation of the Partnership. They agree not to form other partnerships, incur debts, or enter into agreements on behalf of the Partnership without mutual consent.

Financial Records

The Partnership’s financial records shall be accurately maintained at its principal place of business. These records will follow a fiscal year schedule and will be subject to an annual audit by an independent third party.

Termination

Either partner may terminate the Partnership at any time. In the event of termination, the Partnership’s assets shall be fully liquidated, debts settled, and remaining profits distributed according to each partner’s ownership share.

Partner Deaths

If one partner passes away, the surviving partner shall have the right to acquire the deceased partner’s interest in the Partnership or choose to dissolve the Partnership entirely, at their discretion.