The Basic Partnership Agreement Template UK is offered in a variety of formats, including PDF, Word, and Google Docs, and features editable and printable examples.
Basic Partnership Agreement Template UK Editable – PrintableSample
Basic Partnership Agreement Template UK 1. Partnership Information 2. Partner Information 3. Second Partner Information 4. Purpose of the Partnership 5. Capital Contributions 6. Profit and Loss Distribution 7. Decision Making 8. Roles and Responsibilities 9. Confidentiality Clause 10. Duration of Partnership 11. Termination Terms 12. Amendments to Agreement 13. Signatures and Agreement 14. Declaration and Signatures
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WORD
Examples
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
This partnership agreement outlines the terms and conditions under which [Name of Partner 1] and [Name of Partner 2] agree to operate as partners in [Partnership Name] commencing on [Start Date].
The partnership shall be known as [Partnership Name] and will primarily engage in [Description of Business Activities].
Each partner shall contribute capital to the partnership as follows: [Detail the amount and form of contribution from each partner].
Profits and losses will be shared between the partners as follows: [Specify percentage or ratio of profit/loss sharing].
Decisions regarding the partnership shall be made by mutual agreement; however, the following matters require unanimous consent: [List specific decisions requiring unanimous consent].
In the event a partner wishes to withdraw or a new partner is to be admitted, written notice must be provided to all existing partners with terms outlined as follows: [Detail the procedure for withdrawal/addition].
This partnership may be terminated by agreement of the partners, or if one partner becomes incapacitated or dies. Upon termination, assets and liabilities will be distributed as follows: [Outline distribution of assets and liabilities].
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
This partnership agreement details the responsibilities, contributions, and other arrangements agreed by [Name of Partner 1] and [Name of Partner 2], effective as of [Start Date].
The partnership aims to operate in [Business Sector] and provide [List of Services or Products Offered].
Partners agree to the initial capital contributions as follows: [List contributions], resulting in ownership interests of [Specify ownership percentages].
Profits will be distributed on a [Frequency, e.g., monthly, quarterly] basis according to the following schedule: [Detail profit-sharing schedule].
Routine business decisions may be made by [Specify who has authority] while major decisions require consent from all partners.
No partner may transfer their interests in the partnership without prior written consent from the other partners, which shall not be unreasonably withheld.
The partnership shall maintain proper accounts and records, which shall be open for inspection by any partner during business hours.
Upon dissolution, assets will be liquidated and obligations settled as follows: [Outline process for dissolution and distribution of assets].
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
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