Free Partnership Agreement Template
Free Partnership Agreement Template – Starting a business with a partner can be exciting – but without a clear agreement in place, misunderstandings and disputes can arise. That’s why we’ve created a Free Partnership Agreement Template, giving you a simple, professional framework to define responsibilities, protect your interests, and set the foundations for a successful partnership.
Whether you’re launching a new venture or formalising an existing arrangement, this free template makes it easy to put everything in writing.
Why You Need a Partnership Agreement
A written partnership agreement helps you:
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Clarify roles and responsibilities – Define who does what in the business.
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Outline profit sharing – Set clear rules on how income and expenses are divided.
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Avoid disputes – Prevent misunderstandings by agreeing terms in advance.
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Protect your business – Cover what happens if a partner leaves or new partners join.
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Build trust – Establish a professional relationship from the start.
Having a partnership agreement is strongly recommended, even between friends or family.
What’s Included in Our Free Partnership Agreement Template
Our Free Partnership Agreement Template provides a professional structure that you can adapt to your needs. It includes sections covering:
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Partnership name and business purpose
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Roles, duties, and responsibilities of each partner
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Capital contributions and profit/loss sharing
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Decision-making and voting rights
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Banking and record-keeping arrangements
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Dispute resolution process
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Exit strategy and dissolution terms
The template is fully editable and can be customised for any type of business partnership.
Who Should Use This Free Partnership Agreement Template?
This template is perfect for:
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Entrepreneurs starting a business with one or more partners
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Small business owners formalising existing arrangements
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Startups seeking investor or lender confidence
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Freelancers joining forces on a new venture
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Anyone who wants to protect their business partnership legally and professionally
How to Use the Template
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Download the Free Partnership Agreement Template (Word/Docx format).
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Fill in the details for your partnership, including names, roles, and contributions.
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Customise the agreement to suit your business needs.
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Have all partners review and sign before starting work together.
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Consider seeking legal advice to ensure it fully protects your interests.
Download Your Free Partnership Agreement Template Today
Protect your business and your working relationship. Download your Free Partnership Agreement Template now and start your partnership with clarity and confidence.
[Download Free Partnership Agreement Template]
Additional Reading –
Free SWOT Analysis FAQ
Is the Free Partnership Agreement Template legally binding?
Yes – once signed, it forms a legally binding agreement, but you may wish to seek legal advice for complex situations.
Can I customise the template?
Absolutely – it’s fully editable to suit your business needs.
Do I need a solicitor to create a partnership agreement?
Not necessarily – our template provides a solid starting point. However, legal advice can help if your arrangement is complex.
What happens if we don't have a partnership agreement?
Without one, disputes can be harder to resolve, and default legal rules will apply.
Is this template suitable for all types of partnerships?
It’s designed for general business partnerships. For LLPs or limited companies, different agreements are required.