Partnerships and Joint Ventures
Set up a general or limited partnership, joint venture or business alliance with these affordable easy-to-use Partnership and Joint Venture Forms.
A general partnership is a business arrangement in which two or more parties pool their resources and do business together under a single name and business identity. Setting up a partnership is an easy, lower-cost alternative to incorporating. The partners share responsibility for managing the partnership's affairs.
A limited partnership is an arrangement between several limited partners (investors) and a general manager who manages the business and is personally liable for the obligations of the partnership. The liability of the limited partners is limited to the amount of their investment, so long as they are not involved in managing the partnership.
A joint venture is a business relationship between two or more parties which is in essence a short fixed-term partnership, put together for a specific project or objective. Each of the joint venturers contributes expertise, capital and/or assets to the venture.
Sort by
Display per page
Partnership Agreement (general partner entity) | USA
Set up a partnership which will in turn act as general partner of a limited partnership with this customizable template for the USA.
- The partnership being formed by the agreement will be managed by a managing partner.
- The managing partner will have control of the day-to-day business operations, and will be responsible for all tax matters. All matters outside of the day-to-day business will be decided by a majority vote of all partners.
- The partners will devote a necessary amount of time and attention to the partnership business, but are not restricted from involvement in other businesses, whether they compete with the partnership business or not.
- Admission to the partnership is limited to the managing partner, its CEO and the other officers and directors of the managing partner.
- This template is available as a MS Word download, and is fully editable to meet your needs.
- Intended to be used only in the United States.
$29.99
Partnership Agreement | UK
Set up a partnership in the United Kingdom with this customisable Partnership Agreement template.
- New partners may only be admitted with the unanimous approval of the founding partners.
- If cash flow is insufficient to meet the business' needs, the partnership can call upon the partners to purchase additional units to provide the required additional cash.
- Operating profits and losses and taxable operating profits and losses will be allocated to the partners pursuant to the Partnership Act.
- Capital profits and losses and taxable capital profits and losses will be allocated up to the amounts of available cash distributed to the partners in excess of cumulative net operating profits. Available cash will be distributed yearly.
- The partners will participate equally in the management of the partnership, but will not receive a salary as compensation for management services.
- The partnership will terminate upon the death, bankruptcy or incompetency of a partner.
- This template is provided in MS Word format and is fully editable to meet your needs.
- Governed by the laws of England and Wales and intended to be used only within the United Kingdom.
$29.99
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.
- Available in MS Word format.
- Intended to be used only in Canada.
$17.99
Partnership Agreement to Dissolve on Death or Insolvency
This Partnership Agreement template contains clauses providing for the partnership to dissolve upon the death, insolvency or mental incapacity of one of the partners.
- Decisions must be made by a majority of ownership interests.
- Any partner can also dissolve the partnership by giving written notice to the other partners.
- The partners agree to resolve any disputes through arbitration.
- There are no provisions for the sale or disposition of the interest of any partner, so partners cannot withdraw from the partnership.
- This is a generic legal template that is not country-specific and can be used in many jurisdictions.
- Download the Partnership Agreement template immediately after you purchase it, personalize it with your details, print and sign.
$14.99
Partnership Agreement with Mandatory Shotgun Provisions
Prepare a Partnership Agreement with shotgun provisions with this fully editable template.
- The partners agree not to compete with the partnership's business.
- The partnership's business will be run by a management committee appointed by the partners.
- Each partner has a right of first refusal to acquire the partnership interest of a departing partner.
- A partner wishing to withdraw may issue a mandatory shotgun buy-sell notice to the other partners.
- Upon the death of a partner, the surviving partner(s) must purchase the interest of the deceased partner, with the buy-out funded by life insurance policies purchased on each of the principals.
- If a partner becomes disabled and unable to continue, the remaining partner(s) will have the option to wind up the partnership or buy out the disabled partner's interest.
- This legal agreement template is a generic form which can be easily modified to include provisions required by the laws in your area.
$34.99
Partnership Buyout Checklist
Before you buy out your partner's interest in your business, download and review this 6-page checklist of issues you need to consider.
- Topics include:
- valuation and financial status of the partnership business;
- alternatives to a buy-out;
- preservation of the value of the partnership;
- setting the purchase price;
- financing;
- tax and legal issues.
- Buying out a partner can be difficult and stressful. The Partnership Buyout Checklist is a handy tool to help you work through the process.
$9.99
Partnership Dissolution Agreement | USA
Wind up a general partnership in the United States with this USA Partnership Dissolution Agreement.
- The partnership's books will be audited and a dissolution bank account set up, into which the capital account will be transferred, along with any additional sums necessary to pay the partnership debts and liabilities.
- One partner transfers all title and interest in the partnership's assets to the other partner, who will pay an agreed purchase price for the departing partner's interest and take over the business.
- Available in MS Word format and fully customizable.
- Intended to be used only in the United States.
$11.99
Partnership Retirement Deed | India
Facilitate the exit of a retiring partner and deal with their partnership interest with this Deed of Retirement for an Indian partnership.
- The retiring partner relinquishes all right and interest in and to the partnership business and assets, and will not share in the profits of the business after the date of retirement.
- The retiring partner will have no liability for partnership debts, taxes or other amounts relating to the business after the date of retirement.
- This template is available in MS Word format, and is fully editable to meet your specific needs.
- Intended to be used only within India.
$12.49
Real Estate General Partnership Agreement | USA
Set up a general partnership for buying, developing and leasing real estate properties with this USA Real Estate General Partnership Agreement template.
- Cash flow of the partnership will be distributed among the partners in the same proportion as profits and losses are allocated.
- If the income produced by the partnership properties is not sufficient to pay operating costs, the partners will contribute additional funds in proportion to their capital interests.
- If a partner fails to make his/her contribution, the other partners may contribute additional funds, which may be treated either as additional capital or as a loan to the defaulting partner.
- A partner may transfer all or part of his interest to or for the benefit of a spouse or descendant(s).
- If a partner wants to transfer all or part of his interest to someone other than a family member, the other partners have a first right of refusal to purchase the interest.
- The partnership can be terminated by a majority vote (based on interests). Upon termination the partnership assets will be sold and any net proceeds will be distributed to the partners in proportion to their capital interests.
- The USA Real Estate General Partnership Agreement template is available as a downloadable Microsoft Word file, which is fully customizable to meet your needs.
$29.99
Real Estate Limited Partnership Agreement | USA
Create a limited partnership for purchasing investment real estate properties in the USA under this Real Estate Limited Partnership Agreement.
- In addition to cash contributions to capital, the general partners will contribute to the partnership certain real estate property under a contract for purchase and sale.
- The partnership assumes all of the purchaser's obligations under this contract, except for the payment of costs associated with the purchase transaction, which will be paid by the general partners.
- Partnership profits and losses will be distributed among or borne by the partners in proportion to their capital contributions.
- Proceeds from the sale of any property or asset held by the partnership will be allocated among the partners in amounts equal to their cash contributions, and a portion of the balance allocated proportionately among the partners in proportion to their capital contributions.
- None of the partners will receive a salary or be entitled to draws for services rendered on behalf of the partnership.
- No Limited Partner shall have the right to substitute an assignee as contributor in his place.
- This template is provided in MS Word format, and is easy to download, edit with your specific details, and print.
- This legal form is governed by the laws of the United States.
$19.99
