Partnership Agreement Template
All states | 2 types
Lawrina’s business partnership agreement template gives you confidence that your business deal is legally sound and clearly written. It helps prevent future misunderstandings, saves time compared to writing a contract from scratch, and makes sure all the key details are covered — so you and your partner can focus on growing your business.
When To Use a Partnership Contract Template
Use a business partnership contract template whenever you’re starting a business with one or more partners — even if you’re friends or family.
A partnership agreement sample is especially useful when:
You’re launching a small business with a co-founder or group;
You want to divide responsibilities and roles clearly;
You need to agree on how profits (and losses) are split;
You want a plan in place in case a partner leaves, retires, or passes away;
You want to protect everyone legally and avoid future disputes.
Types of Partnership Agreements
Different situations call for different business partner contracts. Here are a few common ones:
- General Partnership Agreement
Used when all partners share equal responsibility and liability. - Limited Partnership Agreement
Used when one or more partners contribute money but aren’t involved in daily operations. - Strategic Partnership Agreement
Used when two businesses collaborate to achieve long-term mutual goals, such as expanding into new markets or developing new products.
How To Fill Out the Main Parts of the Business Partnership Contract
1. Enter the main information
This part sets the date and lists both partners with their names and addresses.
This Partnership Agreement (the "Agreement") is entered into on April 20, 2025 (the "Effective Date") by and between Samantha Green, an individual registered at 45 Maple St, Dallas, TX 75201 (the "Partner 1"), and Daniel Foster, an individual registered at 82 Oak Rd, Dallas, TX 75204 (the "Partner 2"), collectively referred to as the "Parties" and individually as a "Party".
2. Define the partnership in the contract for business partners
Now, add the business name, main location, and what the partnership is for.
- The partnership shall be called Green & Foster Landscaping (the "Partnership").
- The principal place of business of the Partnership shall be at 45 Maple St, Dallas, TX 75201.
- The purpose of the Partnership is to provide residential and commercial landscaping services.
3. Record contributions
Here’s where each partner’s financial input is noted.
- Partner 1: $20,000
- Partner 2: $10,000
The total initial capital contribution to the Partnership is $30,000 (the "Total Initial Capital").
All contributions shall be submitted no later than May 15, 2025.
4. Set ownership and profit splits
Write how much of the business each partner owns and how profits will be divided in the partnership agreement contract.
- Partner 1: 66%
- Partner 2: 34%
(Make sure the total adds up to 100%)
5. Add contact info for notifications
Finally, list in the partnership agreement form how to contact each partner for official communication.
If to the Partner 1:
Email: samantha@greenfosterland.com
Phone number: (214) 5XX-0193
If to the Partner 2:
Email: daniel@greenfosterland.com
Phone number: (214) 5XX-0245