44 Best Partnership Agreement Templates

1. Clarity of Roles and Contributions
Define each partner’s capital, assets, responsibilities, and decision-making authority to prevent misunderstandings. Include how contributions are valued and how replacements or added partners are handled. This ensures accountability and smooth operation.

2. Profit, Losses, and Tax Considerations
Specify how profits and losses are allocated among partners and how tax responsibilities are handled. Include timelines for distributions, preferred returns if any, and how tax items are reported to avoid surprises at year-end.

3. Governance, Deadlock, and Exit Provisions
Outline voting rights, meeting frequency, and procedures for formal decisions, including a deadlock resolution mechanism. Include buy-sell provisions, exit triggers, and dissolution steps to protect continuity and reduce conflict.