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Partner Agreement
Clearly define roles, responsibilities, and profit-sharing among business partners using this Partner Agreement Template.
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Partner Agreement
This Partner Agreement (“Agreement”) is effective as of [Date], by and between:
• Partner A: [Company Name], [Address].
• Partner B: [Company Name], [Address].
1. Purpose
The Parties agree to collaborate as partners for [Project/Initiative]. This is not a legal partnership for liability or taxation, but a strategic/business collaboration.
2. Responsibilities
• Partner A: [List roles, resources, obligations].
• Partner B: [List roles, resources, obligations].
3. Revenue Sharing (If Applicable)
Describe how revenue or profits generated from this partnership will be allocated (e.g., 50/50 split).
4. Marketing and Branding
Define how each partner can use logos or brand references. Outline co-marketing efforts, shared events, etc.
5. Confidentiality
Each Partner shall keep any sensitive or proprietary information disclosed under this Agreement confidential.
6. Term and Termination
• Initial term of [X months/years], with extension upon mutual agreement.
• Either Party may terminate with [Number] days’ written notice or immediately for material breach.
7. Dispute Resolution
Any disputes arising from this Agreement will be resolved by [arbitration or local courts], under the laws of [State/Country].
8. No Agency
Nothing in this Agreement creates an agency, joint venture, or employer-employee relationship between the Partners.
Signatures
Partner A: _____________________________ Date: __________
Name/Title: ___________________________
Partner B: _____________________________ Date: __________
Name/Title: ___________________________
Details
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Partner Agreement
PARTNER AGREEMENT FAQ
What is a Partner Agreement?
A partner agreement is a legally binding document that sets out the terms and conditions of a business partnership. It defines each partner’s roles, responsibilities, decision-making authority, profit and loss distribution, and procedures for resolving disputes. This agreement serves as the operational foundation for the partnership, ensuring both legal clarity and business stability.
Why do you need a Partner Agreement?
A partner agreement helps prevent misunderstandings and conflicts by clearly defining expectations from the outset. It outlines how profits and losses will be shared, the scope of each partner’s duties, financial contributions, and procedures for handling disagreements or partner exits. By putting everything in writing, it safeguards the partnership’s longevity and protects the interests of all involved parties.
When should I use a Partner Agreement?
You should create and sign a partner agreement before starting a new partnership or joint venture. It is essential whenever two or more individuals or entities come together to run a business, particularly when money, intellectual property, or significant responsibilities are shared.
How to write a Partner Agreement?
Include each partner’s full legal name and role, capital contributions, ownership percentages, profit and loss distribution, voting rights, management duties, dispute resolution processes, buyout terms, and procedures for dissolution. Ensure the document is signed by all partners and, if possible, reviewed by a legal professional to confirm compliance with applicable laws.
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