Slightly less formal partnership agreement suitable for family
arrangements. A comprehensive document covering all
types of business and covering all usual provisions and more
About this document
This partnership agreement is suitable for most partnership situations, whatever the business type. It matters not whether you are car salesmen, architects, cleaners, or accountants. It is less formal than many such agreements as it has been drafted specifically for family partnerships of any kind. Of course it can also be used between friends and other acquaintances, or simply where a formal, agreement does not quite suit.
It is very comprehensive and deals with all of the necessary provisions. Instead of being drawn in "short form", like many other template agreements on the Internet, this document gives you a full menu, from which can easily delete items you do not require. It deals particularly thoroughly with provisions following disagreement or dissolution because this is the area where partners are most likely to want to rely on the agreement.
The document is suitable for:
• Two or more people wishing to set up business in partnership
• A sole trader wishing to take in a partner to an existing business
• Family and friends wishing to go into business together
Application
and features
Very flexible to suit most situations
Suitable for any type of business
Calls for compliance with non-discrimination and other policies
Suitable for partnerships of up to ten or more people
Very extensive guidance notes
Contents
Partnership shares
Partnership property
Duration
Capital
Profits and losses
Drawings
Meetings and voting
Holidays and absence
Cars and other partnership policies
Accounts and records
Restrictions to protect other partners
Partnership policies
Expulsion
Comprehensive termination provisions to protect ongoing partners
Word
Count (approximate):
Document: 3915
words
Explanatory notes:
1330
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
