12+ Partnership Contract Templates – Word, PDF
If you’re planning to enter into a business partnership, you should know the fundamentals of writing a business partnership contract. The laws and policies that govern the dynamics of partnerships vary from country to country. What is material and common is how partnership contracts are treated and dealt with. You may also see Contract Templates.
Contract Template Bundle
Simple Partnership Contract Template
Business Partnership Contract Template
Small Business Partnership Contract Template
A partnership is a type of business structure. It is an arrangement that requires two or more individuals to contribute money, property, credit, or services to a common fund with an expectation to share the profits among themselves. It is a progressive business venture provided that the contract is substantial and comprehensive. To help you kick-start your contract writing, you can refer to our partnership contract templates.
Restaurant Partnership Contract Template
Business Contract Template
duq.eduPartnership Agreement
central2013.euFree Partnership Agreement
denverlakenormanrotary.comCompany Partnership
tulsachamber.comSponsorship Partnership Contract
taprootfarm.comWhat Are Included in a Partnership Contract?
In writing a partnership contract, there are several factors to take into account. This type of business structure allows for a profit-sharing scheme which carries with it the notion that losses will also be shared among the partners.
In line with this, a solid partnership contract is a must. Like any other Business Contract Templates and Job Contract Templates, a partnership contract have general and special clauses. However, there are unique sections that you must also include.
- Identities and personal details of the partners. A partnership is a relationship vested with trust and confidence. In line with this, partners should lay all their cards on the table.
- Allocation of profits and losses. Partners can adopt a profit-sharing scheme and will also decide the manner of sharing the losses.
- Management of the partnership. The partners have to include terms and conditions on who will manage the affairs of the partnership.
- Dispute settlement. In cases of conflict, the contract should also include stipulations on how disputes will be resolved.
- Terms and conditions. This pertains to the dissolution of the partnership. The partners must specifically identify the period of existence of the partnership and grounds for dissolution aside from those stated by laws.
General Partnership
crookedpathfilms.cominvestment partnership
dfsa.aeProject Partnership Contract
madagascarethanolstoveprogram.orgStrategic Partnership Contract
bremencs.comTypes of Partners in a Partnership
In creating a partnership contract, one important factor to take into account is the type of partners that are participating in the partnership. This is crucial because the obligations and liabilities of the partner depends on his or her nature as a partner. Here are the two major kinds of partners:
- General Partner – This type of partner participates in the daily operation of the partnership. In terms of liability, he or she is liable for all the debts and legal proceedings that the partnership will undergo. If all the members of the partnership are general partners, then as a whole they will form a general partnership.
- Limited Partner – From the name itself, the partner’s share in terms liability and participation in the operation and management of the partnership is limited. If a partnership is made up of general partners and limited one, then as a whole they are considered as a limited partnership.
Indeed, the Contract Template that you’ll be making depend on the above-mentioned factors. Our list of templates include general, investment, project and more partnership contract templates that you may download. Just ensure to provide all relevant details in your contract in order to avoid conflicts and confusions.
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