General Partnership Agreement

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A General Partnership Agreement in PDF format which can be tailored to suit individual needs. Here is some of the content:

General Partnership Agreement**

____, residing at ____ (name of partner) (address)

____and___. (name of partner)

____, residing at ____ (address)

______________________________________________________, hereinafter referred to as the Partners agree as follows:

  1. Type of Business.

The Partners voluntarily associate themselves together as general partners for the purpose of

conducting the general business of ___, and any other (type of business)

type of business that may from time to time be agreed on by the Partners.

  1. Name of Partnership.

The name of the Partnership shall be ____ (name)

__. This name will be registered in the office of the Secre- tary of State as the fictitious name of the Partnership.

  1. Term of Partnership.

The Partnership shall commence on______________________________________________ (the execution of this Agreement or specify date)

and shall continue until ________________________________________________________ or (specify date or dissolved by mutual agreement of the parties)

terminated as provided in this Agreement.

  1. Place of Business.

The principal place of business of the Partnership shall be at _____, (address)

___, ____, _ (city) (county) (state)

and any other place or places that may be mutually agreed on by the parties to this Agreement.

1

Sample General Partnership Agreement

  1. Initial Capital.

The initial capital of this Partnership shall be the sum of $____, (amount)

to which each Partner shall contribute by depositing in a checking account in the name of the

Partnership at the ___ in _ (bank) (city)

_ on or before___, the following amounts: (state) (date)

____ shall contribute $ ___ (name)

____ shall contribute $ ___ (name)

  1. Withdrawal of Capital.

No Partner shall withdraw any portion of the capital of the Partnership without the express written consent of the other Partners.

  1. Profits and Losses.

Any net profits or losses that may accrue to the Partnership shall be distributed to or borne by the Partners.

____ (in equal proportions or in the following proportions: __ specify proportions. e.g. [name], 60%; [name], 40%)



  1. Partnership Books.

At all times during the continuation of the Partnership, the Partners shall keep accurate books of account in which all matters relating to the Partnership, including all of its income, expenditures, assets, and liabilities, shall be entered. These books shall be kept on ____

(Accrual or Cash) basis and shall be open to examination by either Partner at any time.

  1. Fiscal Year.

The fiscal year of the Partnership shall end on the day of ____ (month)

each year.

...

  1. Dissolution.

On dissolution of the Partnership other than as provided in Paragraphs 16, 17, and 18 of this Agreement, the affairs of the Partnership shall be wound up, the assets of the Partnership liqui- dated, the debts paid, and the surplus divided equally among the Partners.

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Sample General Partnership Agreement

  1. Notices.

All notices between the parties provided for or permitted under this Agreement or by law shall be in writing and shall be deemed duly served when personally delivered to a Partner or, instead of personal service, when deposited in the United States mail, as certified, with postage prepaid, and addressed to the partner at the address of the principal place of business of the Partnership or to another place that may from time to time be specified in a notice given pursuant to this paragraph as the address for service of notice on the Partner.

  1. Consents and Agreement:

All consents and agreements provided for or permitted by this Agreement shall be in writing and a signed copy of them shall be filed and kept with the books of the Partnership.

  1. Sole Agreement.

This instrument contains the sole agreement of the parties relating to their Partnership and correctly sets forth the rights, duties and obligations of each to the other in connection with is as of its date. Any prior agreements, promises, negotiations, or representations not expressly set forth in this Agreement are of no force or effect.

Executed this _ day of ___ , 19__ at __ County(State). ____

(Signature of Partner)

_____ (Signature of Partner)

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success101
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Published On:
03/21/2013
Print Length:
6 page(s)
Word Count:
1,560
File Name:
Agreement.pdf
File Size:
14.28 KB (0.01 MB)
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