Partnership Agreement - One (continuing partnership)

Buy Business Pack from - £34.00 + VAT | Further Information

Buy Employers Pack from - £94.00 + VAT | Further Information

sample partnership agreement - copy-protected first part of document only
requires free adobe reader

CompactLaw free introductory guide to Partnerships

This Partnership Agreement should be used for a number of parties entering into a business arrangement with a view to sharing profits. It makes provision for the partnership to continue even if a partner decides to leave at a later date. The remaining partners can exercise an option to purchase the outgoing partner's interest in the partnership.

Clauses in this agreement:

Definitions

Nature and Duration of the Business

Partnership Name

Place of Business / Partnership Property

Intellectual Property Assets and Goodwill

Changes to this Agreement

Partner Duties

Restrictions on Partner Authority

Insurance

Capital

Profits and Losses

Drawings

Partnership Books of Account

Banking

Annual Accounts

Holidays

Retirement

Expulsion

On-Going Partners Share

Arbitration

Notices

General

Jurisdiction

Schedule 1 - Partner Details, Partner Capital Contributions, Partner Profit Percentages

Schedule 2 - Termination where outgoing partner's share not purchased

Please note that this agreement provides for up to 4 partners, however more can be added to the resulting document as required.

Reasons to buy:
It is extremely important that any proposed partnership is based upon a detailed Partnership Agreement and that such an agreement is signed prior to the start of the partnership, or as soon as possible afterwards. All the partners need to be aware of their rights and responsibilities from the beginning, so that the partnership can focus upon being successful. All partnerships will build up assets and liabilities from the very beginning, it is essential that these are properly accounted for using a Partnership Agreement.

Includes free technical support

Document format
Microsoft Word

Delivery method
Download from our site today

How to buy
1. Add to basket & go through checkout
2. Pay securely with WorldPay
3. Download from your receipt page
4. Your order email also contains a download link

Related Products:

Employers Pack (employment, health & safety, hr and business in one pack)