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    Ontario Partnership Agreement


    Set up a general partnership in Ontario with this downloadable Partnership Agreement template.

    • The Partnership Agreement contains provisions for:
      • Admission of new partners.
      • Allocation of profits and losses, and income and losses for income tax purposes, among the partners in proportion to their respective interests.
      • If partnership earnings are not sufficient to pay its debts and liabilities, the partners will make up the difference in proportion to their respective interests.
      • If any partner is required to pay more than its share due to default on the part of another partner, the first partner will have a lien and charge against the income account of the defaulting partner.
      • Management of the business of the partnership by a managing committee.
      • Withdrawal of a partner.
    • Available in MS Word format.
    • Intended for use only in the Province of Ontario, Canada.
    Download Type: Microsoft Word
    Last Updated: 10-April-2022
    SKU: 3309