Partnership agreement is a written agreement between two or more individuals who agree to start a business as partners by sharing capital for business and the business may be carried on by all or any of them acting for all. This agreement contains different clauses about the partnership business like names and addresses of all partners, capital contributed by the partners, admission of new partners, operations of business, profit distribution, dissolution of partnership firm etc. This partnership agreement form must be drafted making sure that it is complete from all respects and contains guidelines for every business related issue whether it is about profit distribution or the resolution of disputes etc.
A partnership agreement is a legitimate document that will be drafted by parties when they’re going to sign a partnership deal for getting the mutual benefits. Well, this written agreement will usually signed between two or more individuals who agreed at some point to start a combine business as partners where they’ll share profit & loss according to their shares in business or as per the terms of agreement. To all appearance, when companies want to sharing a capital for business then they can simply enter in a partnership contract which will describe the number of things, just like; this document will describe the settlement of deal, shares of both parties, start date of agreement, personal & official info about both of the parties, time period of agreement, etc. Apart of this, a partnership agreement template will help the both parties in case when a single or both partners may find themselves guilty in some future time.
Click on the download button to get this Partnership Agreement Template.