Business Partnership Agreement Template
Free Word template for two or more people or businesses forming a formal partnership.
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.
Not legal advice
This template is general information to help you get started. It is not legal advice. Laws differ by country and situation, so have a qualified professional check it before you rely on it.
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Questions
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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