Business Partnership Agreement Template
A free, editable Word document built for two or more people or businesses forming a formal partnership — not a generic all-purpose template.
Most partnerships start on a handshake and good intentions — which works fine until there’s a disagreement about money, workload, or who gets the final say. A partnership agreement exists for exactly that moment.
This template covers contributions, ownership split, decision-making authority, and — the section most partnerships skip until it’s too late — what happens if a partner wants to leave.
This template is provided for general informational purposes and does not constitute legal, financial, or HR advice. Have it reviewed by a qualified professional before using it with a real client or employee.
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See startbuddi for startupsQuestions about this template
Do we need this if we already formed an LLC together?
Often yes — an LLC Operating Agreement covers the legal entity, but a partnership agreement can capture day-to-day working arrangements in plainer terms. Many businesses use both.
What is the most commonly regretted omission?
The exit clause. Most partnership disputes happen when one partner wants out and there’s no pre-agreed process for valuing and buying out their share.
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