partnership agreement

Partnership Agreement

Get your Partnership Agreement prepared by OpenLegal's lawyers

A Partnership Agreement is made between two or more parties entering into business together in the form of a partnership. The agreement will define how the partnership will actually operate. 

Frequently ‘partnerships’ emerge organically between individuals fleshing out a business venture they wish to create together. In which case, what is agreed verbally does have legal standing, but should be formalised into a written contract. Having the obligations, expectations and rights in a written document will help prevent disputes that may emerge downstream.

A Partnership Agreement will typically cover the following areas:

  • Financial Contributions
    The financial contribution each partner will make
  • Profits and Losses
    The manner profits and losses will be managed by the partnership
  • Obligations
    The obligations due to each partner
  • Rights
    The rights due to each partner
  • Dispute Resolution
    In the event of conflict, a mechanism for resolving disputes should be defined
  • Term
    The length of time the Agreement is to last for
  • Exit
    The way a departure by one of the partners will be managed
  • Other Agreements
    Whether other agreements can be entered into by one of the partners that bind the partnership

Our lawyers can draft a partnership or shareholder agreements for you.

Just get in touch with us via the form on this page or by calling us on 1300 337 997.

Ready to get started?

So are we. Tell us about the services your business needs and we will be in touch with you shortly.




OpenLegal have been vital to our growth. They've provided us with the ongoing legal infrastructure necessary for a business growing at our scale.

NB
★★★★★
Nathan Besser, CEO
Jimmy Brings

A faster, easier approach to engaging lawyers

OpenLegal is a commercial law firm using a streamlined, project-managed approach to move fast, providing high quality and affordable legal services.

We provide

  • Fixed Fees
  • Free consultations
  • Specialist business & startup lawyers
  • Fast turnarounds - receive your documents within a few days

Contact

We’re always here to chat. Get in touch with our customer care team via the contact page, or phone at 1300 337 997.