Partnership Deed Between Two Companies

Partnership Agreement Between Two Companies

This Partnership Agreement Between Two Companies sets out the terms on which two or more corporate entities agree to carry on business in partnership. It provides a comprehensive framework for capital, duties, restrictions, and dispute resolution.

What This Agreement Covers

• Commencement, duration, and premises of the partnership
• Capital contributions, assets, and division of profits and losses
• Rules for drawings, expenses, and joint bank accounts
• Appointment of lawyers and accountants for the partnership
• Maintenance of proper books and preparation of annual accounts
• Decision-making procedures and acts requiring partner consent
• Insurance obligations and prudent coverage
• Duties of partners, including honesty, fairness, and accountability
• Restrictions on borrowing, lending, hiring, and disclosure of information
• Dispute resolution procedures including mediation and arbitration
• Winding up procedures and distribution of assets
• Governing law, notices, waivers, and further assurances
• Guarantee and indemnity provisions by guarantors

Why Use This Template?

• Provides a clear legal structure for partnerships conducted between companies
• Ensures equal allocation of capital, profits, and obligations
• Protects company goodwill, confidential information, and client relationships
• Includes dispute resolution and winding up provisions
• Easy to customise, edit, and implement

Suitable For

This precedent is ideal for corporate entities forming a partnership to run a business together, ensuring fair allocation of capital, profits, duties, and legal protections.