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    USA Fiscal Year Partnership Agreement


    This Partnership Agreement Template for U.S. partnerships restricts the partners' right to retire from the partnership to the end of any fiscal year.

    • Net profits will be divided equally and net losses will be borne equally by the partners.
    • Partners will not receive any salary for services rendered, but the partners may from time to time withdraw any credit balance in their respective income accounts.
    • The partners will have equal rights in managing the business, and each shall devote their entire time to the conduct of partnership business.
    • Upon the death of a partner, the surviving partner has the right to either purchase the decedent's interest or terminate the partnership.

    The USA Fiscal Year Partnership Agreement is a digital legal template that can be used anywhere throughout the United States.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 7372