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Partnership Agreement  

Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states the (1) nature of the business, (2) capital contributed by each partner, and (3) their rights and responsibilities. … Also called agreement of partnership.

A Company Partnership Agreement is a Deed establishing a partnership between two companies.

Partnership Agreement Includes clauses covering:

  • Interpretation
  • Commencement and term
  • Premises
  • Capital, assets ,profits/losses
  • Drawings
  • Expenses
  • Bank account
  • Lawyers and Accountants
  • Books and accounts
  • Annual accounts
  • Decisions and acts of the Partners
  • Insurance
  • Duties of the Partners
  • Restrictions on Partners
  • Dispute resolution
  • Winding up of the Partnership
  • Notices
  • Proper law
  • Waivers
  • Cumulative Rights
  • Further Assurances
  • Severability
  • Guarantee and Indemnity

13 pages long.

Partnership Agreement (between two companies)

This information is not legal information provided by Precedents Online or it’s Authors.  It is for General Information only and to be used accordingly.

The features of a partnership agreement include setting forth the names of the individual partners that form the business; stating the purpose for which the partnership is established and the principal place of business; outlining the amount of money each partner invests in the enterprise; and establishing directives …

 
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