Partnership Agreement Template
Create a business partnership agreement template online. General and limited partnership agreements for new and existing businesses. Generate with Signova.
Why Use Signova for Partnership Agreement Template?
Profit & Loss Sharing
Define how profits and losses are allocated among partners, including special allocations for different contribution types.
Decision-Making Rules
Specify voting rights, quorum requirements, and which decisions require unanimous consent vs. majority vote.
Exit & Buyout Provisions
Include partner exit procedures, buyout formulas, right of first refusal, and non-compete provisions upon exit.
How It Works
Choose Your Template
Select from our library of professionally drafted legal document templates, or describe what you need to our AI generator.
Customize & Generate
Fill in your details or let our AI generate the complete document. Review and edit any clause to match your specific needs.
Sign & Send
Add e-signatures from all parties, download the signed document, and store it securely in your Signova account.
Frequently Asked Questions
What is a partnership agreement?
A partnership agreement is a legal document that defines the terms of a business partnership, including profit sharing, decision-making authority, capital contributions, and exit provisions.
Do I need a written partnership agreement?
While partnerships can exist without a written agreement, a written partnership agreement is strongly recommended. Without one, state default partnership laws apply, which may not reflect your intentions.
What happens if a partner wants to leave?
Your partnership agreement should include buyout provisions, valuation methods, and transfer restrictions to handle partner exits. Without these provisions, partner exits can be complex and costly.
Ready to Get Started?
Join 50,000+ professionals using Signova to create and sign legal documents online.
Generate Partnership AgreementFree plan available • No credit card required • Legally binding