Are you planning to form a partnership in the United States? Use this template to draw up a General Partnership Agreement which provides that if a partner dies, the partnership continues as a partnership among the surviving partners and the estate of the deceased partner.

• The decedent's estate continues to participate in the net earnings and losses of the partnership for a period of years and in a proportion stipulated in the Agreement. Profits will be paid to the estate in quarterly installments.


• The capital account of the decedent will be determined at the time of death and will be paid to the estate in equal quarterly installments, together with interest.


• A partner may retire from the partnership at the end of a calendar year, and the same provisions will apply to a retired partner as to a deceased partner.


• The surviving partners have the right to continue using the name of a deceased or retired partner in the partnership name.

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