Partnership Agreement Short Form

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

1. Parties to the Agreement

This Partnership Agreement ("Agreement") is made and entered into on this {{date_of_agreement}}

BETWEEN:

{{partner_1_name}}, residing at {{partner_1_address}} (hereinafter referred to as "Partner 1").

AND

{{partner_2_name}}, residing at {{partner_2_address}} (hereinafter referred to as "Partner 2").

(Collectively referred to as “the Partners” and individually as “Partner”).

2. Name and Nature of Business

The name of the partnership shall be {{partnership_name}} (hereinafter referred to as “the Business”).

The primary business activity of the Partnership shall be {{business_description_brief}}.

3. Commencement Date

The Partnership shall commence on {{commencement_date}}.

4. Duration of Partnership

The Partnership shall continue for an indefinite period unless dissolved earlier in accordance with the provisions of this Agreement.

5. Capital Contributions

Partner 1 shall contribute {{partner_1_capital_contribution_amount}} in cash/assets to the Partnership.

Partner 2 shall contribute {{partner_2_capital_contribution_amount}} in cash/assets to the Partnership.

Further contributions may be agreed upon by the Partners in writing.

6. Profit and Loss Sharing

Profits and losses of the Partnership shall be shared by the Partners in the following proportions:

Partner 1: {{partner_1_profit_share_percentage}}%

Partner 2: {{partner_2_profit_share_percentage}}%

Drawings may be made by Partners as agreed in writing, not exceeding {{maximum_drawing_amount}} per {{period}}.

7. Management and Responsibilities

The Partners shall have equal rights in the management and conduct of the Partnership business, unless specific responsibilities are assigned as follows:

Partner 1 shall be responsible for {{partner_1_responsibilities}}.

Partner 2 shall be responsible for {{partner_2_responsibilities}}.

Major decisions affecting the Business shall require the mutual agreement of both Partners.

8. Bank Account

A joint bank account shall be opened in the name of the Partnership at {{bank_name}}.

All transactions relating to the Business shall be conducted through this account.

9. Confidentiality

Each Partner agrees to keep confidential all non-public information concerning the business, finances, and affairs of the Partnership.

10. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {{applicable_jurisdiction}}.

11. Dispute Resolution

Any dispute arising out of or in connection with this Agreement shall first be resolved through good faith negotiations between the Partners. If a resolution cannot be reached, the dispute shall be referred to mediation or, failing that, to arbitration in accordance with the laws of {{applicable_jurisdiction}}.

Signatures

IN WITNESS WHEREOF, the Partners have executed this Agreement on the date first written above.

_____________________________

{{partner_1_name}}

ID Number: {{partner_1_id_number}}

Date: {{signature_date_1}}

_____________________________

{{partner_2_name}}

ID Number: {{partner_2_id_number}}

Date: {{signature_date_2}}