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    Partnership Agreement for Professional Corporations | Canada


    Form a partnership between two professional corporations with this template Partnership Agreement for Canadian businesses.

    • Application. The Partnership Agreement can be used by legal, accounting, architectural, consulting, medical or other professionals to help share the costs of the practice, as opposed to operating as a sole practitioner which can be much more costly and constitute a much larger business risk.
    • Operations and Capital Contributions. The partners mutually agree on how the business and operations of the partnership will be conducted, and the responsibilities and capital contributions of each of the partners.
    • Debts and Liabilities. Each partner is responsible for paying his/her own debts, and must keep the partnership property and the interests of other partners free from claims or demands.
    • Assignment. Partners cannot assign their partnership interest or incur liabilities which might put their interest in danger of attachment.

    Purchase the Canada Partnership Agreement for Professional Corporations by adding it to your cart and checking out. You'll be able to download it and use it at your leisure.

    Download Type: Microsoft Word
    Last Updated: 04-May-2021
    SKU: 30
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    Ontario Partnership Agreement with Special Unit Provisions


    Prepare a Partnership Agreement for an Ontario partnership with this template, which provides for a special partnership unit to be issued for assets vended in.

    • Ordinary partnership units are issued to the partners in accordance with their financial contributions, and a special unit is issued to one partner which has vended in certain assets to be used by the partnership business.
    • The holder of the special unit will be allocated profits (or losses) in addition to those allocated among the ordinary units.
    • Partnership units of a withdrawing partner will be distributed among the remaining partners pro rata their holdings, except for the special unit, which will be redeemed in exchange for a promissory note.
    The Ontario Partnership Agreement with Special Unit Provisions is available as a fully editable and customizable MS Word document.