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    General Partnership Agreement | Australia


    Set up a business partnership between two or more partners with this General Partnership Agreement template for Australia.

    • The term of the partnership is open ended, and will continue until all the partners agree to dissolve the partnership.
    • The agreement provides for additional capital contributions to be injected into the partnership by all partners when a cash call is made.
    • The partners cannot make voluntary capital contributions or make withdrawals of capital without the consent of all partners.
    • No partner may loan money to the partnership without the approval of the other partners.
    • Calculation and allocation of profits and losses will not take into account any tax-exempt income.
    • Method for appointing a managing partner to run the day to day operations.
    • Partners may engage in outside business activities so long as they do not compete with the partnership's business.
    • The partnership will not dissolve upon the death, disability or withdrawal of a partner.
    • Right of first refusal by other partners to purchase the interest of a withdrawing partner.
    • Available in MS Word format and fully editable to fit your circumstances.
    • Intended to be used only within Australia.
    Download Type: Microsoft Word
    Last Updated: 10-August-2023
    SKU: 5990