Partnerships and Joint Ventures

This Partnership Agreement Template for U.S. partnerships restricts the partners' right to retire from the partnership to the end of any fiscal year.

• Net profits will be divided equally and net losses will be borne equally by the partners.
• Partners will not receive any salary for services rendered, but the partners may from time to time withdraw any credit balance in their respective income accounts.
• The partners will have equal rights in managing the business, and each shall devote their entire time to the conduct of partnership business.
• Upon the death of a partner, the surviving partner has the right to either purchase the decedent's interest or terminate the partnership.

The USA Fiscal Year Partnership Agreement is a digital legal template that can be used anywhere throughout the United States.

Set up a joint venture between two or more companies in the United States with this Joint Venture Agreement template.

• The Agreement does not set up a partnership between the parties.
• The template contains provisions for management by a managing co-venturer, or joint management by all the parties.
• The co-venturers may have interests in other businesses outside of the joint venture. The template includes an optional non-competition provision.
• The co-venturers indemnify each other against liability.

To purchase the USA Joint Venture Agreement, add it to your cart and go through the secure checkout. Then download the form and you're ready to get started!

Draw up a Partnership Agreement between U.S. lawyers with this downloadable template.

• The partners will not receive a salary for services rendered. Instead they will each have a drawing account from which they can make withdrawals in amounts agreed upon between the partners. Withdrawals will be charged against a partner's respective share of the profits.
• All partners will participate in management, and no partner will engage in any other business without the consent of the other partners.
• If a partner withdraws, he/she is entitled to take all files pertaining to clients whose affairs he/she has personally conducted, unless the client requests otherwise.
• Procedure for determining the value of a partner's interest upon death, retirement or withdrawal from the partnership.
• The surviving partners have the right to continue using the name of a deceased or retired partner in the partnership name.

The USA Lawyer Partnership Agreement is a digital legal form in MS Word format. Buy, download, edit to fit your requirements. Then print and sign.

Set up a partnership which will act as the general partner of a limited partnership with this USA Partnership Agreement template.

• The partnership being formed by the agreement will be managed by a managing partner.
• The managing partner will have control of the day-to-day business operations, and will be responsible for all tax matters. All matters outside of the day-to-day business will be decided by a majority vote of all partners.
• The partners will devote a necessary amount of time and attention to the partnership business, but are not restricted from involvement in other businesses, whether they compete with the partnership business or not.
• Admission to the partnership is limited to the managing partner, its CEO and the other officers and directors of the managing partner.

• If a partner dies, the partnership continues as a partnership among the surviving partners and the estate of the deceased partner.
• The decedent's estate continues to participate in the net earnings and losses of the partnership for a period of years and in a proportion stipulated in the Agreement. Profits will be paid to the estate in quarterly installments.
• The capital account of the decedent will be determined at the time of death and will be paid to the estate in equal quarterly installments, together with interest.
• A partner may retire from the partnership at the end of a calendar year, and the same provisions will apply to a retired partner as to a deceased partner.
• The surviving partners have the right to continue using the name of a deceased or retired partner in the partnership name.