Business Contract Agreement

This Partnership Contract Agreement ("Agreement") is entered into on [DATE], by and between:

[Your Name], a [Business Owner] organized and existing under the laws of [State], with its principal place of business located at [Your Company Address] ("Party A"), and

[Partner Name], a [Business Partner] organized and existing under the laws of [State], with its principal place of business located at [Partner Company Address] ("Party B").

Hereinafter, [Your Name] and [Partner Name] shall collectively be referred to as the "Partners" and individually as a "Partner."

I. Purpose

The purpose of this Agreement is to establish and define the terms, conditions, and obligations of the partnership between the Parties. The Partnership's primary objective is to operate eco-friendly retail stores, offering sustainable household products to environmentally conscious consumers. The Partners aim to expand nationally, promoting sustainable living practices and reducing plastic waste.

II. Term

This Partnership shall commence on [Start Date] and shall continue until terminated following the provisions of this Agreement. The initial term of the Partnership shall be [Duration], renewable upon the mutual agreement of the Partners.

III. Capital Contributions

1.1 Each Partner shall contribute the following to the Partnership:

a) Party A:

[Cash amount] in cash.
Equipment: [List].
Intellectual property license.
Real estate lease at [Your Company Address].
Any other agreed-upon assets.

b) Party B:

[Cash amount] in cash.
Equipment: [List].
Intellectual property license.
Use of existing office space at [Partner Company Address].
Any other agreed-upon assets.

1.2 The total initial capital contribution of the Partners shall be [insert total amount], to be maintained in a Partnership bank account to fund the Partnership's operations and expenses.

1.3 Additional capital contributions may be required from the Partners as mutually agreed upon to meet the Partnership's ongoing financial needs and objectives.

IV. Profit Sharing

1.1 Profits and losses of the Partnership shall be shared among the Partners as follows:

a) Party A: 50% share of profits, subject to adjustments based on capital contributions and performance metrics agreed upon annually.

b) Party B: 50% share of profits, subject to adjustments based on capital contributions and performance metrics agreed upon annually.

1.2 Profit distributions shall be made [Insert Frequency], subject to review and adjustment based on the Partnership's financial performance and liquidity needs.

V. Management Responsibilities

1.1 Management of the Partnership shall be conducted jointly by the Partners, with each Partner having equal authority and decision-making power.

1.2 Major decisions affecting the Partnership, including but not limited to [List example], shall require the unanimous consent of the Partners.

1.3 Each Partner shall diligently perform their respective duties and responsibilities as outlined in Schedule A attached hereto and incorporated herein by reference.

VI. Withdrawal or Removal of Partners

1.1 A Partner may withdraw from the Partnership upon [insert notice period] written notice to the other Partners, provided that such withdrawal does not violate any provisions of this Agreement.

1.2 The Partners may remove a Partner from the Partnership for cause, including but not limited to [list grounds for removal], following a fair and transparent process outlined in this Agreement.

VII. Dissolution

1.1 The Partnership may be dissolved by the mutual agreement of the Partners or by operation of law, including but not limited to [list events triggering dissolution].

1.2 Upon dissolution, the assets of the Partnership shall be distributed among the Partners following their respective capital account balances, subject to any outstanding debts, liabilities, or obligations of the Partnership.

VIII. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed following the laws of [Governing jurisdiction]. Any disputes arising out of or relating to this Agreement shall be resolved through arbitration conducted in [location] following the rules of [institution].

IX. Confidentiality

1.1 Each Partner agrees to maintain the confidentiality of any proprietary or sensitive information shared or obtained in connection with the Partnership, both during and after the term of this Agreement.

1.2 This confidentiality obligation shall survive the termination or expiration of this Agreement.

X. Entire Agreement

This Agreement constitutes the entire understanding and agreement between the Parties concerning the subject matter hereof and supersedes all prior agreements, negotiations, and understandings, whether oral or written.

XI. Amendments

No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by all Parties hereto.

XII. Severability

If any provision of this Agreement is held to be invalid, illegal, or unenforceable under any applicable law, such provision shall be deemed severed from this Agreement, and the remaining provisions shall remain in full force and effect.

XIII. Counterparts

This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute the same instrument.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

[YOUR NAME]

[DATE SIGNED]

[PARTNER NAME]

[DATE SIGNED]