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General Partnership Agreement (USA)

Set out the rights and obligations of the partners of your business with this General Partnership Agreement for the United States. Provisions of the Agreement include:

  • If either partner fails to make its capital contributions on time, the partnership will be dissolved.
  • Voluntary capital contributions or withdrawals require consent of all partners.
  • Profits and losses will be divided equally.
  • Books will be kept on a fiscal year basis.
  • New partners will be admitted with written consent of all partners, and must match the initial capital contributions of existing partners.
  • The partnership dissolves upon the death, disability or voluntary withdrawal of a partner.
  • Non-competition clause for withdrawing partners.

This is a USA legal document in MS Word format, and is fully editable to fit your specific circumstances.





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