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Partnership Agreement Template (General)

Just like a marriage it’s wise to choose your business partners well.

Many people find themselves in an actual business partnership without even knowing it. Under Australian tax law you can be deemed to be partners simply by the conduct of the parties towards one another (TR 94/8).

In simple terms, a business partnership is formed when two or more people carry on a business together or receive income jointly.

So if you want some control over your rights and how the partnership impacts on your personal financial situation, then it’s a wise move to have a PARTNERSHIP AGREEMENT (or business partnership contract) in place.

If you are thinking about a single, short-term project, our Joint Venture agreement maybe more suitable.

Business partners are generally liable for the obligations created by each other in the context of doing business.

Partners have the authority to bind the partnership to legal arrangements and incur debts on behalf of the partnership, placing the personal assets of the partners at risk.

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Partnership Agreement (Deed of Partnership) template Only $89.95

This easy to edit Business Partnership Agreement template (Word doc. format) is available for immediate download after purchase. It saves you time, money and provides solid legal protection without hefty legal or hidden fees. 

A written agreement provides the framework

A written contract provides the framework for the relationship spelling out the obligations and expectations of the relationship, which reduces the potential for confusion and disputes. It should cover:-:

  • What will happen if one partner wants to sell their share?
  • The equity split of the partnership, ie, how much does each partner own?
  • How will the profits (or the losses) be split?
  • What should happen upon the death of a partner and many other situations.

It’s best to get these issues out on the table before they become a real problem or large amounts of money become involved.

If you are thinking about a single, short-term project, our Joint Venture agreement maybe more suitable.

Professionally drafted, easy to edit document available for instant download

This agreement defines rights, roles and responsibilities of each partner, clearly spelling out specific conditions that apply to the partnership.

The document is provided as an easy to edit Word document. Simply insert the correct information, Save and Print.

Tailored for Australian Law

Our Partnership Agreement Template is specifically designed to comply with Australian legal standards. It is meticulously crafted by seasoned Australian lawyers, addressing every critical detail to protect your interests and minimise risk.

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Benefits of partnership agreement template kit

List of provisions

Our kit covers key aspects of partnership operations, including:

  • Description of the Business
  • The role and authority of each partner
  • Amount of equity invested by each partner
  • Entitlement to and share of profits
  • Term of the partnership
  • The principle place of business
  • Banking arrangements
  • Accounting/Valuation Principles
  • Retirement/Death Arrangements
  • Provisions for changes or dissolving the partnership.
  • The distribution of assets on dissolution
  • The resolution of disputes
  • Withdrawal of capital
  • Loans
  • Acts requiring majority consent
  • Sale of partnership interest
  • Conflicts of interest
  • Confidentiality
  • Governing Law

Simple Language

Document Excerpt of Partnership Agreement Template

Partnership agreement sample

Partnership agreement sample

Your ready-to-use kit includes everything you need to formalize your Business Partnership

  • Professionally drafted General Partnership Agreement (doc)
  • Easy to follow Instructions
  • Friendly customer support

Our fully secured e-commerce system allows you to purchase and download your General Partnership Agreement safely. In just a few minutes you can have everything you need to clearly define the rights, responsibilities and obligations of you and your partners.

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Invest in Peace of Mind

By choosing our Partnership Agreement Kit, you’re investing in a reliable, professionally drafted solution that ensures your partnership operates smoothly and securely. Don’t take chances with vital legal documents—opt for a product you can trust, tailored specifically for Australian businesses

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Beware of Low-Cost or Misleading Alternatives

While it may be tempting to opt for free or cheaper options, there are significant risks:

  • Legal Incompatibility: Many templates offered by overseas providers or generic platforms are not tailored for Australian law and may not stand up in legal disputes.
  • Lack of Detail: Cheap or poorly drafted documents often fail to address the specific nuances of partnership arrangements, leaving your business vulnerable.
  • Hidden Costs: Documents advertised as free often require payment to download or access essential features, and using inadequate templates can result in costly legal issues down the road.
  • Misleading Claims: Some providers use “free” as a marketing ploy but include hidden charges.

We are transparent—what you see is what you get, with no hidden fees or surprises.

Satisfaction Guaranteed – Our Promise to You

If for any reason you are not completely satisfied with your purchase or our service, please phone our office on 1800 608 088 within seven (7) days of purchase and we will rectify the situation, issue a refund, or offer a credit towards future purchases.

inderstandable lingo

 

For a complete Business Partnership Agreement Kit that includes every contract and document you may need to form a partnership, please see our Business Partnership Management Kit

Australian Law

Our Agreements are drafted to comply with Australian Law

Professionally Drafted

The agreements are professionally drafted by Australian Law Experts

Instant Download

No Need to Wait. Download the Agreements Instantly

Easy to use

Plain English - No Legalese. Your Agreement is easy to use, edit and understand