Are you planning to form a partnership in the United States? Use this template to draw up a Fiscal Year Partnership Agreement, which gives the partners the right to retire from the partnership at the end of any fiscal year. Other provisions of the Agreement include:

• Net profits will be divided equally and net losses will be borne equally by the partners.


• Partners will not receive any salary for services rendered, but the partners may from time to time withdraw any credit balance in their respective income accounts.


• The partners will have equal rights in managing the business, and each shall devote their entire time to the conduct of partnership business.


• Upon the death of a partner, the surviving partner has the right to either purchase the decedent's interest or terminate the partnership.

This USA Fiscal Year Partnership Agreement is provided in MS Word format, and is fully editable to fit your particular circumstances.