Business Partnership Agreement Template
Contract template · Pro
A partnership agreement is the constitution of a business partnership: who contributes what, how profits and losses are shared, how decisions get made, and what happens when a partner wants out. Skipping it is the most common — and most expensive — mistake co-founders make.
Use this template when starting a venture with one or more partners, before money or work changes hands.
What's inside
- Capital and work contributions of each partner
- Profit and loss allocation
- Decision-making, voting, and deadlock resolution
- Partner exit, buyout valuation, and transfer restrictions
- Dissolution and wind-down procedure
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Frequently asked questions
What is the most important clause in a partnership agreement?
The exit clause. Partnerships rarely fail over profit splits — they fail when a partner leaves and there is no agreed buyout mechanism. This template includes valuation and buyout terms you should agree on while relations are good.
Is a 50/50 split a good idea?
Equal splits are common but create deadlock risk. If you split 50/50, pair it with the deadlock-resolution clause in this template (for example, a casting vote on defined matters or a mediation step).
Is this template free to use?
This is a Pro template — it requires a paid Pactiamo plan. Plenty of free templates are available in the same library, and every plan starts with a free tier.
Can my client sign this online?
Yes. You share a single link; your client reviews and e-signs from any device without creating an account. You can also embed your own payment link so they can pay right after signing.
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