![]() In addition, any net losses shall be jointly shared by the partners in a fair and equitable manner. All net profits from the Partnership shall be equally shared amongst the partners.These capital accounts shall be maintained separately, and shall be regularly balanced in accordance with each partner’s share of the Partnership’s profit and loss. Each of the listed partners shall contribute capital to the Partnership as listed below.The Partnership shall commence as of the date of this small business partnership agreement, and shall continue until cancelled pursuant to the full terms of this agreement.The principal location of the Partnership shall be as follow: These two partners hereby form a small business partnership, known as or simply “The Partnership”.Failure to do so could cause the agreement to be invalid should it fall under scrutiny in court or arbitration. This small business partnership agreement, entered into on is by and between the following entities:īe sure to list the three addresses in this template accurately. As such, it covers only those terms which are most necessary when creating a business partnership. ![]() This template is designed to serve as a basic document that establishes a formal partnership between two small businesses.
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