Partnership Agreement

Partnership Agreement

This simple partnership agreement form will help you and your partner specify the rights and responsibilities of each member of the partnership and how you'd like your jointly owned business to work. Use this form to address these important issues and more: 

  • how profits and losses will be allocated
  • how much capital each partner will contribute to the business
  • the process of adding a new partner or transferring a departing partner's business interests

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Specify the rights and responsibilities of each partnership member with this legal agreement

Creating a partnership agreement forces partners to discuss and resolve important issues about your business venture. Having your intentions set out in writing will help you and your partner avoid squabbles about your business down the line and keep you sheltered from all the attendant legal hassles.  Use Nolo's Partnership Agreement form to address these important issues and more:

  • how profits and losses will be allocated
  • how much capital each partner will contribute to the business
  • how the business' day-to-day operations will be managed
  • the process of adding a new partner or transferring a departing partner's business interests
  • if and when the partnership will be dissolved
  • what happens when a partner dies or leaves the operation

Get Nolo's Partnership Agreement and start your partnership off on the right foot. Fill out this simple form and rest secure knowing that your contract reflects your intentions as a business partner.

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