[Partner 2.FirstName][Partner 2.LastName][Partner 2.Company]
[Partner 1.FirstName][Partner 1.LastName]
Partnership Agreement Template
This Partnership Agreement (herein referred to as the "Agreement") is made and entered into on this (day number) day of (month), (year), ("Effective Date"), by and between [Partner 1.FirstName][Partner 1.LastName] of [Partner 1.Company] of [Partner 1.StreetAddress][Partner 1.City][Partner 1.State][Partner 1.PostalCode] and [Partner 2.FirstName][Partner 2.LastName]of [Partner 2.Company] of [Partner 2.StreetAddress][Partner 2.City][Partner 2.State][Partner 2.PostalCode] (each, an individual "Partner" and collectively known as "Partners").
Now, Therefore, in consideration of the mutual warranties and covenants herein contained, the Parties agree as follows:
The Parties hereby confirm and declare that it is their mutual desire to carry out and execute a partnership whose purpose shall be to (business activities and purpose) under the name (partnership name) (known as the "Partnership"). The Partnership shall be governed in accordance with the laws of the State of (partnership state).
2. Place of business
The primary office of the Partnership shall be located at (partnership address) or conducted virtually as agreed to by the Partners.
3. Capital contributions
Partners have agreed to contribute capital to the Partnership. which informs their ownership percentage in the Partnership, in the amount listed below:
[Partner 1.FirstName][Partner 1.LastName](Partner 1 capital contribution) (Percentage ownership)
[Partner 2.FirstName][Partner 2.LastName](Partner 2 capital contribution) (Percentage ownership)
Furthermore, Partners may contribute additional capital to the Partnership after the drafting and signing of an Additional Capital Addendum added to this Agreement.
4. Profits and losses
The profits and losses incurred as a result of the Partnership shall be divided by the Partners at the end of each calendar year per the percentage distribution listed above.