TemplateSmall businesses·Small business contracts

Partnership Agreement

Set out ownership, contributions, decisions, and exit for business partners.

Sections covered

  • Ownership and contributions
  • Decisions
  • Exit

Template preview

Ownership and contributions

[Partner A]: [percent] ownership, contributing [cash/assets/work].
[Partner B]: [percent] ownership, contributing [cash/assets/work].

Decisions

Day to day decisions are made by [whom]. Major decisions (loans, hiring, selling assets) need [unanimous/majority] approval.

Exit

If a partner leaves, the others may buy their share at [valuation method]. Set out notice and payment terms here.

Get this template

Create a free account to download this template as a PDF or Word document, ready to fill in.

Download this templateAnalyze your own document

Already have a document? Understand it with AgreeLens.

Browse all documents in the library