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.
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New York Limited Partnership Agreement
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- Capital contributions cannot be withdrawn or reduced except as a result of the dissolution of the partnership.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.
$29.99
Newfoundland Joint Venture Agreement
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.
$29.99
Nova Scotia Joint Venture Agreement
Set up a joint venture in Nova Scotia with this Joint Venture Agreement template.
- One of the co-venturers will be the manager of the joint venture and will be paid a management fee.
- 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.
- Any co-venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another co-venturer.
$29.99
Ontario Joint Venture Agreement
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.
$29.99
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.
$29.99
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.
- 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.
$29.99
Ontario Partnership Dissolution Agreement
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.
$6.29
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.
$29.99
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