Partnership Agreement

Between [Partner 1's Name], hereinafter referred to as "Partner 1," [Partner 2's Name],
hereinafter referred to as "Partner 2," and [Partner 3's Name], hereinafter referred to as
"Partner 3" (if applicable).
Effective Date: [Date]
1. Formation of Partnership
1.1 The parties hereby agree to form a partnership for the purpose of [Describe the
business purpose or activities of the partnership].
1.2 The name of the partnership shall be [Partnership Name].
2. Capital Contributions
2.1 Each partner shall contribute the following capital to the partnership:
● Partner 1: [Amount and Description of Contribution]
● Partner 2: [Amount and Description of Contribution]
● [Partner 3, if applicable]: [Amount and Description of Contribution]
2.2 Capital contributions may be made in cash, assets, or other forms as agreed upon
by the partners.
3. Profits and Losses
3.1 Profits and losses of the partnership shall be allocated among the partners in
accordance with their respective ownership interests.
4. Management
4.1 The management and operation of the partnership shall be conducted by [Specify
managing partner or management structure].
5. Decision-Making
5.1 Major decisions affecting the partnership, including but not limited to [List specific
types of major decisions, e.g., entering contracts, incurring debt, hiring employees], shall
require the unanimous consent of all partners.
6. Withdrawal of Partners
6.1 A partner may withdraw from the partnership only with the unanimous consent of all
other partners.
7. Dissolution
7.1 The partnership may be dissolved upon:
● Unanimous agreement of the partners.
● The death, disability, or withdrawal of a partner.
● [Specify other dissolution conditions, if any].
8. Governing Law
8.1 This Agreement shall be governed by and construed in accordance with the laws of
[Jurisdiction].
9. Entire Agreement
9.1 This Agreement represents the entire understanding between the parties concerning
the subject matter herein and supersedes all prior agreements, written or oral.
10. Amendment
10.1 This Agreement may only be amended in writing and signed by all partners.
IN WITNESS WHEREOF, the parties hereto have executed this Partnership Agreement as
of the Effective Date.
[Partner 1's Name] [Signature of Partner 1] [Date]
[Partner 2's Name] [Signature of Partner 2] [Date]
[Partner 3's Name, if applicable] [Signature of Partner 3] [Date]