Legal Partnership Letter Format
Legal Partnership Letter Format
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
[YOUR COMPANY EMAIL]
[DATE]
[RECIPIENT'S NAME]
[RECIPIENT’S COMPANY NAME]
[RECIPIENT’S COMPANY ADDRESS]
Subject: Partnership Agreement Letter
Dear [RECIPIENT'S NAME],
This letter serves to confirm the partnership agreement between [YOUR COMPANY NAME] and [RECIPIENT’S COMPANY NAME] (hereinafter referred to as "the Parties"). This agreement is entered into on this [DATE] day of [MONTH], 2067.
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Purpose of Partnership
The purpose of this partnership is to collaborate on [PURPOSE], enhancing both Parties' business capabilities and market reach.
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Scope of Partnership
The Parties agree to the following scope of partnership:
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Collaboration Activities: Each party will engage in [LIST OF SPECIFIC ACTIVITIES].
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Roles and Responsibilities:
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[YOUR COMPANY NAME]: [ROLES/RESPONSIBILITIES]
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[RECIPIENT’S COMPANY NAME]: [ROLES/RESPONSIBILITIES]
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Financial Arrangements
The financial aspects of the partnership shall be outlined as follows:
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Profit Sharing: Profits resulting from the partnership activities will be shared [SPECIFY PERCENTAGE].
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Expenses: Both Parties agree to share expenses incurred during the partnership in the following manner: [DESCRIBE HOW EXPENSES WILL BE SHARED].
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Term and Termination
This partnership shall commence on [START DATE] and shall continue until terminated by either party with a written notice of [NUMBER OF DAYS] prior to termination.
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Confidentiality
Both Parties agree to maintain confidentiality regarding any proprietary information shared during the term of this partnership. This obligation will survive the termination of the partnership.
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Dispute Resolution
In the event of any disputes arising from this partnership, the Parties agree to resolve them through [SPECIFY METHOD] in accordance with the laws of [JURISDICTION].
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Governing Law
This agreement shall be governed by and construed in accordance with the laws of [JURISDICTION].
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Acceptance
By signing below, the Parties indicate their acceptance of the terms outlined in this letter.
[YOUR COMPANY NAME]
By: ________________________
[YOUR NAME]
[YOUR POSITION]
Date: ______________________
[RECIPIENT’S COMPANY NAME]
By: ________________________
[RECIPIENT’S NAME]
[RECIPIENT’S POSITION]
Date: ______________________