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Partnership agreement template

Partnership agreement: A partnership agreement sets the terms between partners in a business partnership: capital, profit sharing, management, new partners and dissolution.

Last reviewed 6 November 2026 · 7 clauses · General guidance, not legal advice

Upload yours for a review and e-signature, or save it as a team template.

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When to use a partnership agreement

  • Professional firms and small businesses run as partnerships
  • Limited liability partnerships (LLPs)
  • Two businesses operating a shared venture as partners

Partnership agreement template: clause-by-clause outline

Sample starting wording for each clause. Replace the text in [brackets] with your details.

  1. Business

    The partners will carry on the business of [description] under the name [name].

  2. Capital

    Each partner contributes [amount] as capital.

  3. Profits and losses

    Profits and losses are shared [equally / in proportion to capital].

  4. Management

    Decisions in the ordinary course are made by majority; [major decisions] need unanimous consent.

  5. Drawings

    Partners may draw [amount] per month on account of profits.

  6. Retirement and death

    A retiring partner’s share will be valued at [method] and paid over [12] months.

  7. Dissolution

    On dissolution, assets will be applied to debts and then distributed according to capital accounts.

What to check before you sign

  • Are partners personally liable for debts (general partnership) or limited (LLP)?
  • How is an outgoing partner’s share valued?
  • Does local law require registration?

How to send a partnership agreement for e-signature

  1. Draft or upload it. Use the outline above with your own wording, upload an existing document, or save it as your organisation’s template.
  2. Check it against your playbook. Points outside your positions are flagged, and approval rules route it to Legal when needed.
  3. Send it by email. Signers get a plain-language review and a secure link, sign on any device in the order you set, and can suggest changes as tracked changes.
  4. Keep the signed PDF. Everyone receives it with a certificate of completion, and key dates go to Upcoming with reminders.

Partnership agreement template: frequently asked questions

What happens without a partnership agreement?

Default rules under partnership law apply, often equal profit shares and dissolution when a partner leaves.

Is a partnership the same as a joint venture?

A joint venture is usually for a specific project or through a new company; a partnership is a continuing business.

Is an electronically signed partnership agreement legally binding?

In most countries, yes. E-signatures are recognised for commercial contracts under laws such as the ESIGN Act (US), eIDAS (EU), the Electronic Communications Act (UK) and the Information Technology Act (India). econtracts.ai adds a certificate of completion with each signer’s identity check and a fingerprint of the signed content.

Can I get a partnership agreement I received reviewed?

Yes. Upload it to econtracts.ai and you get a plain-language review: key dates, money and points to check, each quoting the clause it comes from.

Related contract templates

Joint venture agreement templateJoint venture agreementShareholders agreement templateShareholders’ agreementFounders agreement templateFounders’ agreement

This outline is a starting point for discussion, not legal advice, and it is not a complete contract. Laws differ by country and sector; have a qualified lawyer review contracts that matter.