Partnership Agreement
This Partnership Agreement is made between [Partner A name] (the "Partner A") and [Partner B name] (the "Partner B") as of the date of the last signature below.
1. Business
The partners will carry on the business of [describe] under the name [business name], starting [date].
2. Contributions and shares
Each partner contributes: [money, property or work]. Profits and losses are shared [50/50 / in these proportions].
3. Decisions
Day-to-day decisions may be made by either partner. Both must agree before borrowing money, signing a lease, hiring staff, spending more than [amount], or admitting a new partner.
4. Leaving and ending
A partner who wants to leave gives [90] days’ notice; the other may buy their share at a value agreed or set by an independent accountant. Partners are usually personally liable for a partnership’s debts: consider whether a company would suit you better.
5. Disputes
The parties will first try in good faith to settle any dispute by talking to each other. If that fails within [30] days, either may bring the matter before the courts of [state].
6. General
This agreement is governed by the laws of [state]. It is the entire agreement between the parties on its subject and may be changed only in writing signed by both. It may be signed electronically and in counterparts.