General Partnership Agreement Template

What is a general partnership agreement?

A partnership agreement sets out how two or more partners run a business together: capital contributions, profit and loss sharing, management, admitting new partners and dissolving the partnership.

When you need one

Starting a business with a partner without forming a company
Formalising an existing informal partnership

Key clauses included

Capital contributions
Profit and loss allocation
Management and voting
Partner drawings
Admission and withdrawal of partners
Buy-out on exit or death
Dissolution

What the template covers

Name, Business and Place
Commencement and Term
Capital Contributions
Profits and Losses
Drawings
Management and Decisions
Banking and Accounts
New and Withdrawing Partners
Death or Incapacity
Dissolution
Confidentiality
General
Governing Law and Disputes
Schedule 1: Partners and Capital

How to use it

Buy and download the editable Word file.
Fill in the brackets: names, dates, fees, scope and governing law. Delete options that don't apply.
Check it against local law, and have a lawyer review it for high-value deals.
Sign it on paper or with any e-signature tool.

Frequently asked questions

What format is the template in?

You get an editable Microsoft Word (.docx) file that also opens in Google Docs, Pages and LibreOffice.

Can I use this template in my country?

The templates are written for international use with placeholders for governing law and local details. Contract law differs between countries and states, so check the final document against local law, especially for employment and consumer contracts.

Is this legal advice?

No. A template is a starting point, not advice on your situation. For high-value or unusual deals, have a lawyer review the completed document.

How do I receive the file?

Right after payment you are taken to a download page, and PayPal emails you a receipt. Keep the download page link to download the file again.

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