Australia General Partnership Agreement Australia General Partnership Agreement 2

General Partnership Agreement | Australia

Set up a business partnership between two or more partners with this General Partnership Agreement template for Australia.

Key Provisions of the Agreement

  • The term of the partnership is open ended, and will continue until all the partners agree to dissolve the partnership.
  • Partners may engage in outside business activities so long as they do not compete with the partnership's business.
  • The contract sets out a procedure for appointing a managing partner to run the day to day operations.
  • The partnership will not dissolve upon the death, disability or withdrawal of a partner.
  • Right of first refusal by other partners to purchase the interest of a withdrawing partner.
  • No partner may loan money to the partnership without the approval of the other partners.
  • Calculation and allocation of profits and losses will not take into account any tax-exempt income.

Capital Contributions

  • The agreement provides for additional capital contributions to be injected into the partnership by all partners when a cash call is made.
  • The partners cannot make voluntary capital contributions or make withdrawals of capital without the consent of all partners.

Format and Legal Jurisdiction

This partnership agreement template is available in MS Word format and is fully customizable to fit your specific needs. It is governed by Australian law and is intended to be used only within Australia.

Document Type: Microsoft Word
Last Updated: 23-October-2025
SKU: 5990
$19.99
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