Disclaimer
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.
Business and sales
Partnership Agreement
Basic general partnership for a named business, with capital shares and a dissolution path.
The legal text of this template is still in English. It needs a human translation by someone qualified in that language and jurisdiction. BuiltSIGN does not machine-translate template bodies.
Preview
Needs legal review
Partnership tax and state filing rules vary. This is a basic private agreement, not a filing with the state.
Formation
The partners form a general partnership under the name {{business}}. Partner A owns {{shareA}} percent and Partner B owns {{shareB}} percent of profits, losses, and capital unless they later agree otherwise in writing.
Management
Either partner may bind the partnership in the ordinary course. Borrowing, guarantees, and transfers of all or substantially all assets need both signatures. A partner may withdraw on 60 days' notice, after which the remaining partner may buy the withdrawing interest at an agreed…
Questions
What is the Partnership Agreement template?
Basic general partnership for a named business, with capital shares and a dissolution path. It is a Business and sales template in the BuiltSIGN gallery.
Who signs this template?
The template includes fields for Partner A, Partner B.
Is this legal advice?
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.
Is the template text translated?
No. The legal text stays in English until a person qualified in that language and jurisdiction translates it. BuiltSIGN does not machine-translate template bodies.
BuiltSIGN templates are provided for convenience, are not legal advice, and should be reviewed by a licensed attorney in the relevant state.