Partnership Agreement

Partnership Agreements

Preferable composition of a monetary deal between friendly businessmen is known as the partnership agreement. Though it is not mandatory to sign such an agreement it is always recommended. The contract involves the legal clauses of a partnership deal.

The agreement is more commonly known as an operating agreement and its main purpose is to divide up and assign various responsibilities, tasks, and profit shares among the partners. It also secretes clauses regarding the aftermath of the business for example what procedures will follow if a business dissolves or if one partner wants to quit.

There are certain clauses that should be included in a partnership agreement. Firstly the agreement should contain the decision making clause to make it possible to reach a mutual agreement in the future. Secondly terms of capital contribution should be included so that the profit share for all partners is directly proportional to their basic investment percentage.

Next are the conditions that will help partners to negotiate the salary distribution between company or business employees. Fourthly the commercial will of every partner should be included so that other partners can know what will happen to the share of each partner if he dies. Lastly the quitting strategies should be focused to make dissolution of a business (in case it happens easier.)

Partnership Agreement Templates are easily available on the internet however one has to be selective while choosing them as there are different agreements for different regions and every region has its own laws. All rules and norms of a deal are listed by default in the template and it is easy to use printable and customizable template to generate your own partnership agreement document.


Template-1

partnership agreement template word

Partnership Agreement
Microsoft Word document file | File size 36 KB | Download

 

Template-2
General Partnership Agreement

general partnership agreement template

Partnership Agreement
Microsoft Word document file | File size 30 KB | Download

 

Template-3
Business Owned by Individuals Partnership Agreement

individual partnership agreement template

Individual Partnership Agreement
Microsoft Word document file | File size 43 KB | Download

 

Template-4
Formal Partnership Agreement

formal partnership agreement template

Formal Partnership Agreement
Microsoft Word document file | File size 57 KB | Download

Template-5
Joint Collaborative Partnership Agreement

joint collaborative partnership agreement template

Joint Partnership Agreement
Microsoft Word document file | File size 233 KB | Download