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Partnership Agreement - Two (partnership terminates on a partner leaving)

£19.99 + VAT = £23.49

  • Buy Partnership Agreement

  • sample partnership agreement
    (copy protected sample 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 does not contain any provisions for the partnership to continue if one or more of the partners leave.

    (Please use Partnership Agreement - One if you want to enter into an arrangement whereby the partnership can continue even if one or more partners leave.)

    Clauses in this agreement:

  • Description of business.
  • Details of the partnership name.
  • Complete definition of partnership assets, including customer data and goodwill.
  • Details of accountants, bank and premises.
  • Details of each partner's duties and responsibilities to the other partners.
  • Restrictions on a partner's authority.
  • Capital and income distribution.
  • Holiday entitlement for partners.
  • Retirement of a partner.
  • Expulsion of a partner.
  • Termination of the partnership.
  • Disputes to be settled by arbitration.
  • 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.

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    Document format
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