Partnership Agreement Template

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PARTNERSHIP AGREEMENT
THIS PARTNERSHIP AGREEMENT ("Agreement") made and effective this [Date], by and
between the following individuals, referred to in this Agreement as the "Partners":
___________________________________
___________________________________
___________________________________
___________________________________
Partners' Names
The Partners wish to set forth, in a written agreement, the terms and conditions by which they will
associate themselves in the Partnership.
NOW, THEREFORE, in consideration of the promises contained in this Agreement, the Partners
affirm in writing their association as a partnership in accordance with the following provisions:
1. Name and Place of Business.
The name of the partnership shall be called __________ (the "Partnership"). Its principal place of
business shall be ___Address___, until changed by agreement of the Partners, but the
Partnership may own property and transact business in any and all other places as may from time
to time be agreed upon by the Partners.
2. Purpose.
The purpose of the Partnership shall be to ___Business Description___. The Partnership may
also engage in any and every other kind or type of business, whether or not pertaining to the
foregoing, upon which the Partners may at any time or from time to time agree.
3. Term.
The Partnership shall commence as of the date of this Agreement and shall continue until
terminated as provided herein.
4. Capital Accounts.
A. The Partners shall make an initial investment of capital, contemporaneously with the execution
of this Agreement, as follows:
Partner Name Partner Contribution
partner here partner contribution here
In addition to each Partner's share of the profits and losses of the Partnership, as set forth in
Section 5, each Partner is entitled to an interest in the assets of the Partnership.
B. The amount credited to the capital account of the Partners at any time shall be such amount as
set forth in this Section 4 above, plus the Partner's share of the net profits of the Partnership and

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