Free Partnership Agreement Deed Template
Partnership Agreement Deed
This Partnership Agreement Deed ("Deed") is entered into on [date], by and between [Your Name], residing at [Your Address], and [Name of Partner 2], residing at [Partner 2's Address], collectively referred to as the "Partners".
I. Formation of Partnership
The Partners hereby agree to form a partnership ("Partnership") for the purpose of [brief description of the partnership's purpose].
II. Name and Location
The Partnership shall operate under the name of [Name of Partnership] and shall be located at [Address of Partnership]. The Partners may mutually agree to change the name or location of the Partnership by written consent.
III. Contributions
Each Partner shall contribute to the Partnership the following assets:
|
Partner |
Contribution |
|---|---|
|
Partner 1 |
[Description] |
|
Partner 2 |
[Description] |
IV. Management and Decision Making
The Partners shall have equal rights in the management and decision-making processes of the Partnership. Major decisions affecting the Partnership shall require the unanimous consent of all Partners.
V. Profits and Losses
The profits and losses of the Partnership shall be shared equally among the Partners, unless otherwise agreed upon in writing.
VI. Records and Accounting
Accurate records of the Partnership's finances and transactions shall be maintained and made available to all Partners upon request. An annual audit may be conducted at the discretion of the Partners.
VII. Dissolution
The Partnership may be dissolved by mutual agreement of the Partners or by operation of law. In the event of dissolution, the assets of the Partnership shall be distributed in accordance with the terms outlined in this Deed.
VIII. Governing Law
This Deed shall be governed by and construed in accordance with the laws of [State/Country]. Any disputes arising out of or in connection with this Deed shall be resolved through arbitration in accordance with the rules of [Arbitration Association].
IX. Signatures
[Your Name]
Date:
[Partner 2's Name]
Date:
X. Notary Section
On this [day] day of [month], [year], before me, a Notary Public in and for said County and State, personally appeared [Your Name] and [Partner 2's Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged to me that they executed the same for the purposes therein contained.
[Notary Public]
Date:
My commission expires:
