You are on page 1of 1

This Partnership Contract ("Contract") is made and entered into on [DATE] by and

between [PARTNER 1 NAME], residing at [ADDRESS], and [PARTNER 2 NAME], residing at


[ADDRESS], collectively referred to as the "Partners".

FORMATION OF PARTNERSHIP. The Partners agree to form a partnership for the purpose
of conducting the business of [BUSINESS DESCRIPTION], to be known as [PARTNERSHIP
NAME].

TERM OF PARTNERSHIP. The partnership shall commence on [START DATE] and shall
continue until terminated by mutual agreement of the Partners or by operation of
law.

CAPITAL CONTRIBUTIONS. Each Partner shall contribute the sum of [CONTRIBUTION


AMOUNT] to the capital of the partnership, payable in [PAYMENT METHOD]. Any
additional capital contributions required for the operation of the partnership
shall be made by the Partners in proportion to their respective ownership interests
in the partnership.

OWNERSHIP INTERESTS. The ownership interests in the partnership shall be as


follows:

[PARTNER 1 NAME] shall own [OWNERSHIP PERCENTAGE]% of the partnership.


[PARTNER 2 NAME] shall own [OWNERSHIP PERCENTAGE]% of the partnership.

You might also like