Partnerships and Joint Ventures

Set up a limited partnership in Canada with this downloadable Limited Partnership Agreement template.

• The general partner will have unlimited liability for the debts and liabilities of the partnership.
• The liability of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The general partner is responsible for managing the business of the partnership.
• The general partner will hold title to all assets and equipment acquired on behalf of the partnership.
• The partners will be entitled to share in the profits of the business.
• The remaining partners have a right of first refusal to purchase the interest of a withdrawing partner.
• This legal form template is available in MS Word format and is fully editable to meet your needs.
• Governed by Canadian laws.

Set up a USA limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template.

• The General Partner will not be required to contribute any cash to the capital of the Partnership. The Limited Partners must each purchase a minimum number of units.
• The limited partners are not liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions.
• The liability exposure of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The General Partner has full authority in the management of the Partnership.
• The agreement includes provisions for withdrawal of the General Partner and assignment of a partnership interest. The Partnership has a right of first refusal to purchase the withdrawing partner's units.
• This template is provided in MS Word format and is easy to download and customize.
• Governed by U.S. laws and intended to be used only within the United States.

Set up a joint venture in Manitoba with this fully editable Joint Venture Agreement template.

• The co-venturer who manages the business of the joint venture will be paid a management fee.
• Any transfer of a co-venturer's interest in the joint venture requires the consent of the other co-venturers.
• If a co-venturer dies, their interest will automatically pass to their spouse or children.
• Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any co-venturer may exercise a shot-gun (buy-sell) provision to force the sale of another venturer's interest.

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Create a joint venture in New Brunswick with this fully editable Joint Venture Agreement template.

• One of the co-venturers will manage the joint venture, and will be paid a management fee.
• No co-venturer may transfer their interest without the consent of the other parties, except if he/she dies, upon which their interest will automatically pass to their spouse or children.
• Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any co-venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another co-venturer.

This New Brunswick Joint Venture Agreement is available as a downloadable Microsoft Word file.

Set up a limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template for the State of New York.

• Limited partners must purchase a minimum number of partnership units in accordance with a private placement offering. Limited partners will not be obligated to make additional capital contributions.
• Capital contributions not used for operations within a specified number of years will be returned, with deductions for offering expenses.
• Capital contributions cannot be withdrawn or reduced except as a result of the dissolution of the partnership.
• Partnership units may be transferred or assigned with the consent of the general partner.
• Additional general partners may be admitted, provided they have substantial means to protect the federal tax status of the partnership. Any additional general partners will not be entitled to share in the distributions allocable to the limited partners.
• Available in MS Word format.
• Intended for use only in the State of New York.

Set up a joint venture with this fully editable Joint Venture Agreement template for Newfoundland and Labrador.

• One of the co-venturers will be named as manager of the joint venture, and will receive a management fee for providing such services.
• Upon the death of a co-venturer, their interest will automatically pass to their spouse or children.
• Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any co-venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another co-venturer.

Establish a joint venture in Ontario with this template Joint Venture Agreement.

• One of the co-venturers will be responsible for management of the joint venture, and will be paid a management fee for providing such services.
• No co-venturer may transfer their interest without the consent of the other venturers, except if he/she dies, when their interest will automatically pass to their spouse or children.
• Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any co-venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another co-venturer.
• This legal form is available as a downloadable Microsoft Word file which is fully editable to meet your needs.
• Intended for use in the Province of Ontario, Canada.

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.

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.
• This legal contract template is available as a fully editable and customizable MS Word document.
• Intended for use only in the Province of Ontario, Canada.

Wind up an Ontario general partnership with this Partnership Dissolution Agreement.

• The remaining partner buys out the interest of the resigning partner and assumes the partnership debts and obligations, in order to continue carrying on business.
• The partners will post an advertisement in The Ontario Gazette to notify interested parties of the dissolution.
• This legal template is provided in MS Word format and is fully editable to fit your particular circumstances.
• Intended for use only in the Province of Ontario, Canada.