Partnerships and Joint Ventures

Set up a general or limited partnership, joint venture or business alliance with these affordable easy-to-use Partnership and Joint Venture Forms.

A general partnership is a business arrangement in which two or more parties pool their resources and do business together under a single name and business identity. Setting up a partnership is an easy, lower-cost alternative to incorporating. The partners share responsibility for managing the partnership's affairs.

A limited partnership is an arrangement between several limited partners (investors) and a general manager who manages the business and is personally liable for the obligations of the partnership. The liability of the limited partners is limited to the amount of their investment, so long as they are not involved in managing the partnership.

A joint venture is a business relationship between two or more parties which is in essence a short fixed-term partnership, put together for a specific project or objective. Each of the joint venturers contributes expertise, capital and/or assets to the venture.

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Agreement to Dissolve Joint Venture

Dissolve a joint venture with this downloadable Joint Venture Dissolution Agreement.

  • This type of legal contract is typically used to terminate a joint venture when there will be ongoing rights or obligations after the venture has wound up, such as licensing or distribution income, outstanding costs and obligations to be settled, etc.
  • The venturers will sell the remaining assets and distribute the proceeds in accordance with a formula based on their capital contributions.
  • Future income (from licensing, distribution, sale of products, etc) will be shared equally.
  • Any future liability or expense will be borne equally by the co-venturers.
  • The co-venturers shall jointly own any intellectual property rights as tenants in common.
  • The co-venturers have a right of first refusal to acquire the intellectual property rights of any co-venturer wishing to sell his interest.
  • This is a generic legal form which can be used in most countries.
This Agreement to Dissolve Joint Venture template is fully editable and can be easily customized to meet your business needs.

Alberta Admission Agreement to Land Development Partnership

Bring on a new partner to an Alberta land development partnership with this Admission Agreement.

This Admission Agreement would be used to admit a new partner into a partnership which was formed for the purpose of constructing and developing a commercial office and retail project on land owned by one of the partners.

Provisions of the Admission Agreement include:
  • capital contribution to be made by the new partner;
  • covenants, representations and warranties of each of the parties;
  • cash distributions and repayments to be made to original partners at the time of the new partner's buy-in;
  • amendments to be made to the original Partnership Agreement, including allocation of partnership profit or loss;
  • a management committee appointed by the partners will be responsible for managing and operating the partnership affairs.
This Alberta Admission Agreement to Land Development Partnership template is in MS Word format and is fully editable to fit your circumstances.

Alberta Certificate for Units in Limited Partnership

Use this free template to prepare a Unit Certificate representing ownership of partnership units in an Alberta limited partnership. You can download the digital file or just copy and paste the text below and paste it into a new Word or text document.

(the “Partnership”)
Certificate No. ___________                               _____ UNITS

(a Limited Partnership formed under the Laws of the Province of Alberta)

The interest in the Partnership of the Limited Partners holding Units is divided into [no. Units with a subscription price of [amount] ($_____) Dollars per Unit.

THIS IS TO CERTIFY THAT _______________________ [NAME OF UNITHOLDER] is the owner of Units in _________________________ [name of limited partnership].

This Certificate and the Units represented hereby are held subject to the conditions and restrictions contained in the Partnership Agreement dated the _____ day of ______________, _______ (and amended from time to time) and made and entered into between [GENERAL PARTNER] and those parties referred to as Limited Partners therein.

DATED this _____ day of ______________, 20_____.

__________________________________ [NAME OF GENERAL PARTNER]
as General Partner for
________________________________ [NAME OF LIMITED PARTNERSHIP]

(signature of authorized signing officer)

Alberta Certificate of Limited Partnership

Prepare a Certificate of Limited Partnership with this easy-to-use template form for Alberta partnerships.

This form must be prepared by the General Partner, setting out the organizational details of the Limited Partnership, such as:
  • the purpose for the partnership,
  • the names and address of the general and limited partners,
  • the contributions of the original partners,
  • the share of profits to which each partner is entitled,
  • restrictions on assignment or transfer of partnership interests.
The Alberta Certificate of Limited Partnership form is available as a downloadable MS Word file.

Alberta General Partnership Agreement

Prepare a General Partnership Agreement for an Alberta partnership with this comprehensive template.

  • Net profits or losses will be shared or made up by the partners on a pro rata basis.
  • Additional capital contributions will also be made pro rata among the partners.
  • Provisions for designation of a managing partner.
  • Procedure for performing an annual valuation.
  • No assignment or transfer of a partner's interest is allowed without consent of the other partners.
  • Procedure for withdrawal of a partner.
This Alberta General Partnership Agreement template is provided in MS Word format, and is fully editable to fit your needs.

Alberta Joint Venture Agreement

Set up a joint venture to do business in the Province of Alberta with this template Joint Venture Agreement.

  • One of the co-venturers will be the manager of the joint venture, and will be paid a management fee for doing so.
  • If a co-venturer dies, their interest will automatically pass to their spouse or children.
  • Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
  • Any co-venturer may exercise a shot-gun buy-sell provision with respect to the interest of another co-venturer.
This Alberta Joint Venture Agreement is available as a downloadable Microsoft Word file which is fully editable to meet your needs.