Partnership Agreement Template

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All states | 2 types
Updated Apr 17, 2025
~ 8 pages
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3.7K downloads
A Partnership Agreement is a legal contract between two or more individuals or entities establishing the terms of their business relationship. It is used to define ownership shares, decision-making processes, and profit distribution to prevent disputes.
Partnership Agreement Page 1
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Written by Megan Thompson, LLB - Reviewed by Jonathan McGill, JD

Template Types

Strategic Partnership Agreement
This agreement is used when two or more businesses join forces for a common objective.

Template Description

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Paper titled "Partnership Agreement"; woman shaking hands with a man

Loio’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

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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.

How To Fill Out the Main Parts of the Business Partnership Contract

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1. Enter the main information

contract for business partners

This part sets the date and lists both partners with their names and addresses.

Example:

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

business partnership contract sample

Now, add the business name, main location, and what the partnership is for.

Example:
  • 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

business partnership contract

Here’s where each partner’s financial input is noted.

Example:
  • 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

partnership agreement

Write how much of the business each partner owns and how profits will be divided in the partnership agreement contract.

Example:
  • Partner 1: 66%
  • Partner 2: 34%

(Make sure the total adds up to 100%)

5. Add contact info for notifications

contracts between business partners

Finally, list in the partnership agreement form how to contact each partner for official communication.

Example:

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

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