Hellen Keller’s famous saying states “alone we can do so little; together we can do so much.” This, perhaps, is true for most of the for-profit businesses around the world. They seek alliances, collaborations, or partnerships to better handle and outgrow their businesses. With this emerging fact of business partnerships, your decision to organize one will be quite reasonable and practical. And in the process of forging a partnership, be sure to draft an agreement that details how decisions are made, how disputes are resolved, and how to handle a buyout with the use of our ready-made business partnership agreement templates below.
In the 2012 ASAP State of Alliance Management study, data reveals a 53% average partnership and alliance success rate. It seems to be a pretty consistent number for over the period of the four studies conducted since the year 2002. But as the world becomes increasingly digital, some authors believe that collaboration or partnership is a strategic imperative these days.
10+ Business Partnership Agreement – Google Docs, MS Word, Pages, PDF
1. Custom Software Business Partnership Agreement Template
Establish rapport when you engage yourself into a custom software business collaboration agreement using this Custom Software Business Partnership Agreement Template. This well-written and professionally-drafted partnership agreement template is easy to edit in Google Docs, MS Word, and Pages file formats.
2. Business Associate Agreement Template
Make a written joint agreement that details all the roles and responsibilities of the business associates by downloading and editing our ready-made Business Associate Agreement Template. It safely uses content and layout professionally drafted by our writers. Make haste and download the template now.
3. Business Coaching Agreement Template
Develope a coaching relationship between you and your partner as you utilize our Business Coaching Agreement Template. Cultivate business partnership plans and goals by putting them on in writing. You may download and print this template in A4 and US letter sizes.
4. Partnership Agreement Template
Business wouldn’t be more perfect than to have a business partner with you. Make a partnership agreement with someone you like to be part of your journey towards achieving success in business using this Partnership Agreement Template. Download the template right away to edit and personalize it.
5. Real Estate Partnership Agreement Template
Outline real estate partnership responsibilities with the use of our Real Estate Partnership Agreement Template. Clearly define the roles and information with respect to real estate investments, company finances, and asset protection. Draft the agreement with ease as you download the template today.
6. Vendor Partnership Agreement Template
Draft a legal and formal contract if your business is seeking a partnership agreement with a vendor. This sample of Vendor Partnership Agreement Template can be of great help to your partnership decisions. You may download it to edit appropriate information.
7. Free Operating Agreement Template
Create a special type of business agreement that clearly describes the operations of a limited liability company (LLC). With the use of our ready-made Free Operating Agreement Template, making agreements with the member of the LLC will never be this easy. What are you waiting for? Download the template now to start out! website
8. Free Consulting Agreement Template
Download for free this Free Consulting Agreement Template and make a legal contract with your client. The template is readily available in Google Docs, MS Word, and Apple Pages file formats. Edit with ease and confidence today using this template.
9. Free Rental Agreement Template
As a landlord, it is important that we create a document that would specifically define the responsibilities of the tenants if they are to make a rental agreement with you. Secure your property with the use of this Free Rental Agreement Template. This file is downloadable and easily editable for free.
10. Partnership Agreeement Example
Business partnership agreements are written formal as well as, legal contracts between two or more individuals who jointly agreed and worked as partners for a pro-profit business. This type of agreement states mainly the nature of the business, capital contributed by each party, and their rights and duties as partners of the said business company. Looking for a Partnership Agreement Example today? Great! You bump into the right website and template. Download this template in a portable document format (pdf) now.
11. Sample Partnership Agreement
Each business structure has its advantages and disadvantages in terms of continuity, taxes, and liabilities. You can ask professional help to an attorney or other business advisors regarding this matter. This Sample Partnership Agreement is a useful tool to draft your own partnership agreement contract. This can be downloaded in a portable document format (pdf) anytime, anywhere. Download now.
Steps in Creating Business Partnership Agreements
Unlike incorporated firms, partnerships don’t have separate legal existence. Each member is liable for the debts of their business as a whole. Although a valid partnership may exist without a contract, a written agreement is an advantage especially if you run into difficulties with your partners. Draft a business partnership agreement today as you follow this step-by-step guideline:
Step 1: Find Your Partner/s
Just like finding the right person to marry, one has to find the right people to be partners in their business, too. This may sound cliche but you cannot just pick anyone in the street. You need to do a little research, a little getting-to-know conversation, and finally, a decision to be partners. You have to make sure that you and your partner/s perfectly complement each other.
Step 2: Decide on the Name of the Business Partnership and Right Business Structure
The next thing after finding the right one to be a partner is to agree on the name of your business partnership. It’s like giving a name to your first child. You may use your own last or first names, or you may adopt a fictitious one. If done, you can now register your business name. Remember that requirements may differ from one country to another. So, do research first on the requirements before you go to your country clerk.
Step 3: Clearly Define the Roles, Duties, and Contributions
We all know that a business partnership has to be work on together, but more often than not, defining each other’s roles and duties help the business work and grow in the long term. It eliminates disagreements by giving a wall over specific decisions. When you and your partner know the boundaries, the line to where the other shouldn’t have to cross into, and the part where one has only control over, then everything will run smoothly for the both of you.
Step 4: Make Important Decisions Together
Head off a lot of trouble by working out on making important decisions together. When it comes to business decisions, you and your partner should be transparent and straightforward. Indeed, “two heads are better than one”. So, don’t try to make decisions alone when it’s a partnership after all. This works well to almost all kinds of partnerships, even to business.
Step 5: Talk and Resolve Disputes
This is often overlooked by most partnerships because they believe that issues have no space in their business. They choose to disregard and ignore what is meant to be confronted and resolved. When a partnership has become deadlocked on a certain issue, what do you think is the right thing to do? Talk and resolve the disputes. Provide alternative dispute resolutions if needed, such as mediation or arbitration.