Legal Contract Partnership Agreement Form
This Partnership Agreement (the "Agreement") is made and entered into as of [Month, Day, Year], by and between the following parties:
Partner Name | Address | Contact Information |
|---|
[Partner 1 Name] | [Partner 1 Address] | [Phone and Email] |
[Partner 2 Name] | [Partner 2 Address] | [Phone and Email] |
Collectively, the above-named entities will be referred to as the "Partners", who agree to form a partnership (the "Partnership") known as [Your Company Name], for the purpose of developing and marketing innovative software solutions that improve efficiency and productivity for businesses and individuals.
1. Formation
The Partnership shall commence on [Month, Day, Year] and shall continue until terminated as provided in this Agreement.
2. Name and Business
The business of the Partnership shall be conducted under the name [Your Company Name] at [Your Company Address]. The principal business of the Partnership shall be focused on creating user-friendly, scalable, and cutting-edge technologies across various domains including, but not limited to, cloud computing, artificial intelligence, machine learning, and blockchain technology.
3. Capital Contributions
The Partners may make initial capital contributions to the Partnership as follows:
Partner Name | Contribution Amount | Contribution Type |
|---|
[Partner 1 Name] | $[Amount] | [Cash/Property] |
[Partner 2 Name] | $[Amount] | [Cash/Property] |
4. Profit, Loss, and Distribution
Profits and losses shall be divided among the Partners according to the following percentages:
Partner Name | Profit Share | Loss Share |
|---|
[Partner 1 Name] | [Percentage] | [Percentage] |
[Partner 2 Name] | [Percentage] | [Percentage] |
Distributions shall be made [annually, quarterly, etc.] in accordance with the above percentages or as otherwise agreed upon by the Partners.
5. Management and Voting
Each Partner shall have equal rights in the management and control of the Partnership. Decisions shall be made by a majority vote with votes weighted according to the proportion of the Partnership's profits entitled to each Partner.
6. Withdrawal or Addition of a Partner
Provisions for the withdrawal or addition of a Partner shall be as follows: |
|---|
[Detailed Provisions] |
7. Dissolution
The Partnership may be dissolved upon the occurrence of any of the following events: |
|---|
[List of Events Leading to Dissolution] |
8. Governing Law
This Agreement and the rights of the Partners hereunder shall be governed by and construed in accordance with the laws of [State/Country], without regard to its conflict of laws principles. Any disputes or legal proceedings arising out of or related to this Agreement shall be resolved through arbitration or in the courts located in [Specify Location], which shall have exclusive jurisdiction over such matters. The Partners agree to submit to the jurisdiction of these courts and waive any objection to the venue.
9. Amendments
This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by each Partner. Any such amendment must be attached to and made a permanent part of this Agreement. The Partners acknowledge that the business environment is dynamic, and as such, revisions to this Agreement may be necessary to reflect changes in the Partnership's operations, structure, or the addition or exit of Partners. However, no amendment shall be effective unless it is made in writing and signed by all Partners, thereby ensuring mutual agreement and consent to any changes.
10. Signatures
This Agreement is executed by the Partners as of the Effective Date first above written.
Partner Name | Signatures | Date |
|---|
[Partner 1 Name] | | [Month, Day, Year] |
[Partner 2 Name] | | [Month, Day, Year] |
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