This Partnership Agreement is a voluntary contract between two or more
ocstoc Legal Agreements
persons (usually called “Partners”) to place their capital, labor, skills, and
corporation in business with the understanding that there will be a sharing of
the profits and losses between them.
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THIS PARTNERSHIP AGREEMENT (hereinafter “Partnership”) is made as of ____ [Month]
____ [Date], 20____, by and between ___________________ [Instruction: Insert the name of
1st party], residing at _______________________ [Instruction: Insert the address of 1st
party], ________________________ [Instruction: Insert the County],
________________________ [Instruction: Insert the State] and ___________________
[Instruction: Insert name of 2nd party], residing at _________________________
[Instruction: Insert address of 2nd party], ________________________ [Instruction: Insert
the County],. ________________________ [Instruction: Insert the State]. Both the parties
may individually be referred to as “Partner”, or, collectively as “Partners”.
1. Nature of Business.
The Partners listed above hereby agree that they shall be considered Partners in business for
the following purpose:
[Instruction: Insert the nature/purpose of business to be conducted.]
The Partnership shall be conducted under the name of ________________________
[Instruction: Insert the name under which the Partnership shall be conducted] and shall
maintain offices at:
[Instruction: Insert the address of the principal office where the business shall be
conducted along with City, State, and Zip.]
3. Day-To-Day Operation.
The Partners shall provide their full-time services and best efforts on behalf of the
Partnership. No Partner shall receive a salary for services rendered to the Partnership. Each
Partner shall have equal rights to manage and control the Partnership and its business.
Should there be differences between the Partners concerning ordinary business matters, a
decision shall be made by unanimous vote. It is understood that t