Partner Agreement Contract Template

In this agreement two partners are involved and both of them make capital contributions to help in running their new entrepreneurial venture immediately the partnership is formed.
Partner agreement contract template. Also the agreement highlights the budget and plan. In this type of agreement partners declare to share the resources responsibilities risks and results. This is a document whose main purpose is to establish a formal partnership between 2 small businesses. It is a legal agreement between partners binding them together to achieve a common program result through a defined strategy.
By using the rocket lawyer partner agreement template you can choose how to dissolve the partnership by choosing how many votes are needed for dissolution of the partnership. This partnership agreement template assumes that there are two partners involved each of whom will make capital contributions when the partnership is established. The partner agreement specifically states how to legally dissolve a business partnership. Neither of the partners may charge the partnerships accounts for time or services rendered to the partnership.
Each partner shares a portion of the partnerships profits and losses and each partner is personally liable for the debt and obligations of the partnership. Download this free general partnership agreement template below and customize it to meet your unique business legal needs. A partnership agreement is a contract between two or more individuals who would like to manage and operate a business together in order to make a profit. With this general partnership agreement template youll set the expectations and terms of your partnership with your business partner.