A deed of partnership commonly known as a partnership agreement; this is a legally binding contract suited to 2 or more people running a business
with the objective of making a profit.
Partnership agreement features:
Any type of business
Any number of partners
Explanatory notes
Written in plain English
Comprehensive agreement
Drawn by an experienced solicitor
This Partnership agreement
template has been drafted by a solicitor under UK law.
Your Partnership is governed in the UK by the
Partnership Act 1890 as amended. Partners are limited to twenty individuals or corporate entities who
will sign the Partnership agreement which is put in place to minimise the risk of disputes during the
Partnership.
The agreement is comprehensive (please review the contents below), written in plain English,
covers Partnerships in England and Wales and is complete with explanatory notes making the agreement
even more simple to complete.
Agreement Contents 1. Interpretation and Preliminary
2. Constitution of Partnership
3. Duration
4. Partnership Property and Place of Business
5. Capital Accounts
6. Current Accounts
7. Profits and Losses
8. Drawings
9. Expenses
10. Advances to Partners - Loan Accounts
11. Financial Year
12. Banking Account
13. Books and Records
14. Financial Statements
15. Auditors
16. Good Faith
17. Management
18. Duties of Partners
19. Voting and Resolutions
20. Indemnity
21. Insurance
22. Holiday Leave
23. Confidentiality
24. Voluntary Retirement
25. Involuntary Retirement
26. Expulsion
27. Former Partners
28. Dissolution of Partnership
29. Restriction on Activities
30. Breach
31. Dispute Resolution
32. Whole Agreement - No Amendment
33. Governing Law and Jurisdiction
34. Counterparts
35. Notices
36. Costs
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