Partnership agreement pdf uk

Other Names: Business Partnership Agreement Partnership Contract Partnership Deed Articles of Partnership

What we'll cover

• About Partnership Agreements
• Partnership Agreement FAQs
• Partnership Agreement checklist

What is a Partnership Agreement?

A Partnership Agreement is a document used when two or more partners engage in a business with a view to making a profit. Partnership Agreements set out each individual partner's rights and responsibilities, provisions for running the business day-to-day, and what happens if a partner dies or the partnership dissolves.

When should I use a Partnership Agreement?

Use this Partnership Agreement:

• when you and one or more other individuals want to create (or have already created) a general (or ‘ordinary business’) partnership
• when you want to clarify each partner’s rights and obligations within the partnership and how various situations will be dealt with
• for individuals based in England, Wales or Scotland

If you want to create a limited liability partnership (LLP), use an LLP agreement instead.