Partnership Agreement
A partnership agreement is a contract between two or more people who agree to co-own and operate a business together, setting out each partner's contributions, profit share, and management responsibilities. Use this when you and someone else are starting a business together and want to put contributions, ownership split, and decision-making in writing from day one.
What's included
A ready-to-use partnership agreement with signature fields already placed for Partner A and Partner B. Fill in the bracketed details (like [Company Name] or [Date]) using Docracy's built-in text editor, then send it out for signature.
This is a general template for informational purposes only and does not constitute legal advice. Consult a qualified attorney to review it for your specific situation and jurisdiction before use.
Key clauses
- Capital contributions of each partner
- Profit and loss allocation
- Management roles and decision-making authority
- Admission or withdrawal of partners
- Dispute resolution process
- Dissolution and winding-up procedures
What you'll fill in
[Partner A Name][Partner B Name][Business Name][Effective Date][Capital Contribution Amount][Profit Split Percentage][Principal Business Address]Legal summary
Signing this agreement creates a formal business partnership and defines each partner's ownership stake, financial contributions, and share of profits and losses. It also establishes how decisions are made, how disputes are handled, and what happens if a partner leaves or the partnership ends.
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.
FAQ
Is this Partnership Agreement legally binding?
Signing through Docracy uses a simple electronic signature (SES), which is legally recognized for everyday business agreements under laws like the U.S. ESIGN Act and the EU's eIDAS regulation. This is a general template, not legal advice — for high-stakes or regulated agreements, have a qualified attorney review it for your situation.
Who needs to sign this Partnership Agreement?
This template includes signature fields for Partner A and Partner B — already placed, so you just fill in the details and send.
Can I edit this Partnership Agreement before sending it?
Yes — Docracy's editor lets you edit the text, add or remove signature fields, redact sections, and reorder pages before you send it.
Do I need an account to send this Partnership Agreement?
No — it's free for up to 2 signers with no account required. Create a free account only if you want to save it to a dashboard or reuse it later.
Try it with an AI assistant
Paste one of these into ChatGPT, Claude, or your assistant of choice:
“Draft a Partnership Agreement for a two-person consulting business with a 60/40 profit split.”
“Explain what happens under this Partnership Agreement if one partner wants to leave the business.”
“Add a dispute resolution clause to this Partnership Agreement covering mediation before litigation.”
Why teams start with Docracy
“Docracy is a great product that I have tested and am using. It is easy to use, has good tools, is always up to date, and implements new features. Highly recommended.”— DACH Advisory
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.