CANADA
Set up a partnership or joint venture in Canada with these template agreements and forms for Canadians. Fully editable and easy to customize to meet your needs.
Under Canadian laws, every partner in a general partnership is personally liable for all of the partnership's obligations, including negligence by another partner. So it's very important to choose your business partners wisely. Each province and territory of Canada has its own laws governing partnerships.
Partnerships are not taxed directly for income tax purposes. Instead, the partners pay the income tax. In the case of a joint venture with foreign partners, if the venture does business in Canada, the foreign partners will be taxed on their share of profits as if they were a Canadian branch operation.
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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.
$6.50
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
Saskatchewan Joint Venture Agreement
Set up a joint venture with this template Joint Venture Agreement for Saskatchewan.
- 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 venturers, except upon their death 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.
- Available as a downloadable Microsoft Word file which is fully editable to meet your needs.
- Intended to be used only in the Province of Saskatchewan, Canada.
$29.99
Software Development Joint Venture Agreement | Canada
Set up a joint venture to develop new software applications with this Canada Software Development Joint Venture Agreement.
- The Agreement is between a software developer and a client who will invest in the project.
- The parties agree to form a corporation which will issue shares to the joint venturers proportionate to their investment.
- For tax purposes, the relationship is deemed to be a joint venture, not a partnership.
- The agreement contains:
- provisions setting out how the business and affairs of the joint venture will be managed;
- provisions for one joint venturer to buy out the interest of another if an event of default occurs.
- Each co-venturer will be free to continue their own business activities separately and apart from the joint venture, unless the activities directly compete with the business of the joint venture.
- This Software Development Joint Venture Agreement is governed by the laws of Canada and can be used in any province or territory except Quebec.
$29.99
Software Development Partnership Agreement | Canada
Create a strategic partnership to develop and market software apps in Canada with this Software Development Partnership Agreement template.
- The partners agree to work together to develop, implement, market and provide ongoing support for the software.
- The partners will work together to develop, implement, market and provide ongoing support for the software.
- One of the partners will have primary responsibility for development of the software, and the other will have primary responsibility for marketing and selling the final product. However, both parties will be required to expend sufficient time and effort in all areas.
- Both parties will have equal rights in managing the business, but neither partner has the authority to act on behalf of the other partner.
- Revenues will be deposited into an operating account from which partnership expenses will be paid. Profits will be distributed to the partners at regular intervals.
- Each partner is responsible for paying their own taxes and remittances.
- The Agreement contains two alternate sets of clauses for ownership of the intellectual property - one for joint ownership and one for individual ownership.
- The file also contains confidentiality and non-competition provisions.
- The Agreement is governed by Canadian intellectual property laws.
- The document is available as a MS Word template and is fully editable to fit your unique needs.
$17.99
Subscription for Limited Partnership Units | Canada
Sell units in a limited partnership with this Subscription form and power of attorney for subscribers to a Canadian limited partnership.
- Each subscriber for units in the partnership must complete and return the forms to the general partner, along with payment of the subscription price.
- The power of attorney gives the general partner the authority to sign the partnership documents on behalf of the subscriber.
- The forms are completely editable and can be used as often as required.
- This is a downloadable legal form in MS Word format which can be reused as often as you require.
- Intended to be used only in Canada.
$6.50
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