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Leagal 2

This document outlines a partnership agreement between Partner A and Partner B to form a general partnership for the purpose of conducting a business. It specifies that Partner A and Partner B will each contribute certain assets to the partnership. Profits and losses will be distributed according to a specified percentage or method. Major decisions will require either unanimous consent or a majority vote. The partnership will commence on a specified date and continue until terminated by mutual agreement or as provided in the agreement. Upon dissolution, assets will be distributed according to the terms of the agreement or applicable law. The agreement is governed by the laws of a specified state or jurisdiction, and any amendments must be in writing and signed by both partners.

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21 views2 pages

Leagal 2

This document outlines a partnership agreement between Partner A and Partner B to form a general partnership for the purpose of conducting a business. It specifies that Partner A and Partner B will each contribute certain assets to the partnership. Profits and losses will be distributed according to a specified percentage or method. Major decisions will require either unanimous consent or a majority vote. The partnership will commence on a specified date and continue until terminated by mutual agreement or as provided in the agreement. Upon dissolution, assets will be distributed according to the terms of the agreement or applicable law. The agreement is governed by the laws of a specified state or jurisdiction, and any amendments must be in writing and signed by both partners.

Uploaded by

fanod65525
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PARTNERSHIP AGREEMENT

This Partnership Agreement ("Agreement") is entered into on [DATE], by and between:

[PARTNER A] [Full Legal Name] [Address] [City, State, Zip Code]

and

[PARTNER B] [Full Legal Name] [Address] [City, State, Zip Code]

(collectively referred to as the "Partners").

FORMATION OF PARTNERSHIP:

The Partners hereby agree to form a general partnership (the "Partnership") for the purpose of
[describe the business or purpose of the partnership].

CONTRIBUTIONS:

Each Partner agrees to contribute the following to the Partnership:

• [PARTNER A's CONTRIBUTIONS]


• [PARTNER B's CONTRIBUTIONS]

DISTRIBUTION OF PROFITS AND LOSSES:

Profits and losses shall be distributed among the Partners as follows: [specify the percentage or
method of distribution].

MANAGEMENT AND DECISION-MAKING:

Decisions related to the Partnership shall be made by [describe decision-making process, e.g.,
unanimous consent, majority vote, etc.].

TERM OF PARTNERSHIP:

The Partnership shall commence on [DATE] and shall continue until terminated by mutual
agreement or as otherwise provided in this Agreement.

DISSOLUTION:

In the event of the dissolution of the Partnership, the assets shall be distributed in accordance with
the agreed-upon terms or as required by applicable law.

GOVERNING LAW:

This Agreement shall be governed by and construed in accordance with the laws of [state or
jurisdiction].

AMENDMENTS:
Any amendments to this Agreement shall be in writing and signed by all Partners.

IN WITNESS WHEREOF, the Partners hereto have executed this Partnership Agreement as of the
Effective Date.

[PARTNER A]

[Signature] [Printed Name] [Date]

[PARTNER B]

[Signature] [Printed Name] [Date]

Again, please customize this template according to the specific details of your partnership
agreement, and seek legal advice to ensure it meets your needs and complies with relevant laws
and regulations.

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