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Partnership Agreement Generator

Draft a robust partnership agreement with capital, profit split, authority, duties, and dispute clauses.

Step 1 / 425% complete
Partnership Basics
Define partnership identity and purpose.
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PARTNERSHIP AGREEMENT

Generated: 2026-02-13
IMPORTANT NOTICE
This template is not legal advice. Confirm local partnership, tax, licensing, and liability rules before execution.
1. FORMATION
Effective 2026-02-13, partners form [name] at [address] for [purpose].
2. CAPITAL AND OWNERSHIP
Partner 1: -; Capital 0; Ownership 0%
Partner 2: -; Capital 0; Ownership 0%
Partner 3: N/A; Capital 0; Ownership 0%
3. ECONOMIC ARRANGEMENTS
Profits and losses allocated according to ownership percentages unless amended in writing.
Partner draws are subject to cash-flow availability and agreed limits.
4. MANAGEMENT AND AUTHORITY
Each partner has management participation rights unless otherwise specified.
No partner may bind the partnership for extraordinary obligations without required approval.
5. COMPLIANCE, RECORDS, AND RESTRICTIONS
Books are maintained accurately and available to each partner upon reasonable request.
Partners will not engage in competing business activities that materially conflict with partnership interests during term.
6. WITHDRAWAL, DISSOCIATION, AND DISPUTES
Partner withdrawal requires written notice and settlement under valuation rules defined in this agreement.
Disputes proceed to good-faith negotiation, then mediation, then legal action if unresolved.
7. GOVERNING LAW
Law: [state]; Venue: [county].
8. ENTIRE AGREEMENT
This agreement is the complete understanding between partners and may be amended only by signed writing.
9. ADDITIONAL TERMS
No additional terms.
10. KEY TERMS SUMMARY (TABLE)
--------------------------------------------+--------------------------------------------
Partnership Name |-
Purpose |-
Partner 1 / % |- / -%
Partner 2 / % |- / -%
Partner 3 / % |- / -%
Governing Law |- / -
--------------------------------------------+--------------------------------------------
11. SIGNATURES
--------------------------------------------+--------------------------------------------
P1 SIGN: __________________ |P2 SIGN: __________________
P3 SIGN: __________________ |DATE: 2026-02-13
--------------------------------------------+--------------------------------------------

About this Partnership Agreement Builder

Guided intake plus stronger baseline clauses for ownership, control, and dispute risk.

Step-by-step prompts reduce missing legal details.

Output is formatted as a longer, review-ready legal draft.

Always verify local law, filing, and notarization requirements.

  • Guided flow
  • Detailed clauses
  • Print and download
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Before you use this tool

Turnaa calculators and generators are built to help you prepare drafts and estimates faster. They are intended for informational use and workflow support, not as legal, financial, tax or accounting advice.

Useful notes

  • Always review generated outputs before sharing, signing or filing.
  • Tax and legal rules can vary by country, state and business type.
  • Use official advisors and authorities for final compliance decisions.

Legal disclaimer

  • No attorney-client, tax advisor or fiduciary relationship is created.
  • Outputs may contain errors and should be independently validated.
  • Turnaa is not liable for decisions made solely using generated drafts.