Sample Buy-Sell Agreement Template Page 14
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14Sample Partnership Agreement
If the Partnership survives, the remaining Partner(s) will pay, within a reasonable time,
the departing Partner, or the deceased Partner's estate, the fair market value of the
departing Partner's share of the business as of the date of his or her departure. The
Partnership's accountant will determine the fair market value of the departing Partner's
share of the business according to the following method: _____________________.
9. Dispute Resolution
If a dispute arises under this Agreement, the Partners agree to first try to resolve the
dispute with the help of a mutually agreed-on mediator. The Partners will share any costs
and fees other than attorney fees equally. If it is impossible to arrive at a mutually
satisfactory solution, the Partners agree to submit the dispute to binding arbitration in the
same city or region, conducted on a confidential basis pursuant to the Commercial
Arbitration Rules of the American Arbitration Association.
10. Amendment of Agreement
This agreement cannot be amended without the written consent of all Partners.
11. Partner Signatures
Name: ___________________________
Name: ___________________________
_________________________________
_________________________________
Signature
Signature
Date: ____________________________
Date: ____________________________
Address: _________________________
Address: _________________________
_________________________________
_________________________________
Social Security # __________________
Social Security # __________________
Sample Partnership Agreement
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