Partnership agreement

Below is a sample partnership agreement:

PARTNERSHIP AGREEMENT

THIS PARTNERSHIP AGREEMENT (the “Agreement”) is made and entered into as of the date of signing by and between [PARTNER 1 NAME] (“Partner 1”) and [PARTNER 2 NAME] (“Partner 2”) collectively referred to herein as the “Partners.”

1. Formation of Partnership

The Partners hereby form a partnership under the name [PARTNERSHIP NAME] (the “Partnership”), for the purpose of carrying on the business of [BUSINESS DESCRIPTION] (the “Business”).

2. Term of Partnership

The Partnership shall commence on the date of this Agreement and shall continue until terminated by mutual agreement of the Partners or by operation of law.

3. Capital Contributions

Each Partner shall contribute to the Partnership the following:

Partner 1:

• [CONTRIBUTION DESCRIPTION]
• Value: [CONTRIBUTION VALUE]

Partner 2:

• [CONTRIBUTION DESCRIPTION]
• Value: [CONTRIBUTION VALUE]

4. Profit and Loss Allocation

The Partners shall share the profits and losses of the Partnership in accordance with their respective percentage interests in the Partnership, as set forth below:

Partner 1: [PERCENTAGE]% Partner 2: [PERCENTAGE]%

5. Management and Control

The Partners shall have equal rights in the management and control of the Partnership, and each Partner shall have the authority to bind the Partnership.

6. Meetings

The Partners shall hold meetings as necessary to conduct the business of the Partnership, and decisions shall be made by unanimous vote.

7. Books and Records

The Partners shall maintain complete and accurate books and records of the Partnership, which shall be kept at the Partnership’s principal place of business.

8. Withdrawal of Partner

No Partner shall withdraw from the Partnership without the consent of the other Partner. In the event of a withdrawal, the withdrawing Partner shall be entitled to receive the value of their capital account as of the date of withdrawal.

9. Dissolution and Winding Up

The Partnership may be dissolved by mutual agreement of the Partners or by operation of law. Upon dissolution, the Partners shall wind up the affairs of the Partnership and liquidate its assets, and the net proceeds shall be distributed to the Partners in accordance with their respective percentage interests in the Partnership.

10. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the [STATE/COUNTRY] without giving effect to any choice or conflict of law provision or rule.

IN WITNESS WHEREOF, the Partners have executed this Partnership Agreement as of the date first above written.

[PARTNER 1 NAME]

[PARTNER 2 NAME]