Partnership Agreement Template (Simple)
Form a general partnership: contributions, profit split, management and voting, partner withdrawal, buyout and dissolution.
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Simple: a 1โ2 page short form with just the core terms.
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What the sections mean (plain English)
- FORMATION AND NAME
- Basic facts about the business: where it is registered and its official address and agent.
- PURPOSE
- Explains why the parties are entering into this document.
- TERM
- How long it lasts and how either side can end it.
- CAPITAL CONTRIBUTIONS
- What each owner puts in (money, property or work) to get started.
- PROFITS AND LOSSES
- How profits and losses are shared and when owners get paid.
- MANAGEMENT
- Who makes decisions and how votes work.
- DUTIES
- Exactly what work is to be done.
- WITHDRAWAL
- How an owner leaves or the business winds down.
- TRANSFERS
- Whether rights can be handed to someone else.
- DISPUTES
- How disagreements get handled before anyone goes to court.
- DISSOLUTION
- How an owner leaves or the business winds down.
- GOVERNING LAW AND VENUE
- Which state's law applies and where any lawsuit must be filed.
- SEVERABILITY
- If a court strikes one clause, the rest still counts.
- ENTIRE AGREEMENT; AMENDMENT
- How this document can be changed later.
- NOTICES
- How the parties must officially contact each other.
- COUNTERPARTS; ELECTRONIC SIGNATURES
- E-signatures are valid and each party can sign separately.
- Optional clauses
- Extra terms you can switch on or off in step 3. Leave them off if unsure.
How to use this Partnership Agreement template
- Answer the guided questions. Your name and company fill in automatically from your profile.
- Pick the governing state and complete the [STATE-SPECIFIC] blanks. Switch optional clauses on or off.
- Check the live preview, then create the document. Signature, initial and date fields are placed for each party.
- Review the fields and send. Each party signs in order, and everyone gets the signed PDF.
Frequently asked questions
Is this Partnership Agreement template free?
Yes. You can fill it in, download it and send it for electronic signature with a free E-Sign Auto account.
Is an electronically signed Partnership Agreement legally binding?
In the U.S., the federal ESIGN Act and state UETA laws generally give e-signatures the same effect as handwritten ones. Check your state's rules.
Does this template work in my state?
It is a generic, state-neutral starting point. Pick your governing state and complete every blank marked [STATE-SPECIFIC]. This template is not legal advice; consult a licensed attorney in your state.
Who signs, and in what order?
Partner 1, then Partner 2. Each signer gets a secure link in that order, with signature, initial and date fields already placed.