Partnership Agreement with Mandatory Shotgun Provisions

Prepare a Collateral Trust Agreement Between Partners with this downloadable template for a two-person partnership.

• One partner appoints a trustee to hold a life insurance policy or policies on the life of the other partner in trust on the partner's behalf.
• Upon the death of the insured partner, the partner agrees to purchase the insured partner's interest, using the proceeds from the insurance policy / policies.
• The trustee will hold the insurance policy / policies in trust, but the partner will receive all dividends.
• The partner will pay the trustee a yearly fee for acting as trustee.
• This legal form template is fully editable and can be easily customized to meet your needs.
• This is a generic form which does not contain references to the laws of any particular country and can be used in many countries and jurisdictions.

Transfer 50% ownership interest in intellectual property to a co-developer with this Co-Ownership Agreement template.

• This type of co-ownership arrangement is typically used by an inventor who needs to partner with a developer in order to develop certain technology and bring it to market.
• The developer becomes a co-owner in the intellectual property, in exchange for providing development services.
• The developer will be responsible for ongoing improvements to the technology, and for developing training documentation.
• Revenues generated by the technology will be the joint property of the co-owners.
• License fees will be assessed when the technology is used by third parties.
• The relationship between the parties is not to be construed as a partnership.
• The agreement contains provisions allowing one co-owner to buy out the other in order to terminate the relationship.
• The Co-Ownership Agreement for Intellectual Property is generic in nature and does not contain references to specific laws of any country or region.
• The template is downloadable and can be easily modified to fit your unique needs.

Negotiate the terms of a formal agreement to set up a strategic partnership to develop new software titles with this Letter of Intent template.

• Key discussion points between the parties include ownership of the final software products; confidentiality; each partner's responsibilities with respect to developing, marketing and advertising of the products; and revenue splitting.
• The letter of intent is not intended to be legally binding upon the parties except to the extent of the discussions between them.
• This is a generic template which is not country specific and can be used anywhere.
• Available in MS Word format and fully editable.

This Partnership Agreement template contains clauses providing for the partnership to dissolve upon the death, insolvency or mental incapacity of one of the partners.

• Decisions must be made by a majority of ownership interests.
• Any partner can also dissolve the partnership by giving written notice to the other partners.
• The partners agree to resolve any disputes through arbitration.
• There are no provisions for the sale or disposition of the interest of any partner, so partners cannot withdraw from the partnership.
• This is a generic legal template that is not country-specific and can be used in many jurisdictions.

Download the Partnership Agreement template immediately after you purchase it, personalize it with your details, print and sign.

Before you buy out your partner's interest in your business, download and review this 6-page checklist of issues you need to consider.

• Topics include:
  • valuation and financial status of the partnership business;
  • alternatives to a buy-out;
  • preservation of the value of the partnership;
  • setting the purchase price;
  • financing;
  • tax and legal issues.
• Buying out a partner can be difficult and stressful. The Partnership Buyout Checklist is a handy tool to help you work through the process.