General Partnership Agreement Template UK

The General Partnership Agreement Template UK is offered in multiple formats including PDF, Word, and Google Docs, featuring customizable and printable examples for your convenience.


Sample

General Partnership Agreement Template UK

Editable – Printable



General Partnership Agreement Template UK

1. Partnership Information


2. Partner Information






3. Purpose of the Partnership

4. Contributions of Each Partner

5. Profit and Loss Distribution

6. Decision Making Process

7. Withdrawal or Addition of Partners

8. Duration of the Partnership

9. Governing Law

10. Dispute Resolution

11. Signatures and Agreement

12. Declaration and Signatures




PDF


WORD

Examples


General Partnership Agreement Template UK (1)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
Introduction:
This agreement establishes a general partnership between [Name of Partner 1] and [Name of Partner 2], effective as of [Start Date], to conduct the business of [Business Description].
Clause 1: Formation of Partnership
The partners hereby form a partnership under the name [Partnership Name], and the business will be conducted at [Business Address].
Clause 2: Purpose
The purpose of the partnership is to [Describe the primary objectives of the partnership, e.g., provide consulting services, sell products, etc.].
Clause 3: Contributions
Each partner will contribute the following to the partnership: [Specify contributions such as capital, property, and services].
Clause 4: Profit and Loss Distribution
Profits and losses will be shared equally among the partners unless otherwise agreed in writing. Distribution will occur [specify timing, e.g., quarterly, annually].
Clause 5: Management and Authority
Each partner will have equal rights in the management of the partnership, and decisions will be made by mutual agreement.
Clause 6: Withdrawal or Addition of Partners
The addition of new partners or withdrawal of existing partners must be agreed upon in writing by all partners.
Clause 7: Dispute Resolution
In the event of a dispute, the partners agree to resolve the matter through mediation before pursuing any legal action.
Clause 8: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
General Partnership Agreement Template UK (2)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
Introduction:
This agreement outlines the terms and conditions under which [Name of Partner 1] and [Name of Partner 2] will operate as partners in [Business Description], starting from [Start Date].
Clause 1: Name and Business
The partnership shall operate under the name [Partnership Name] and will be located at [Business Address].
Clause 2: Purpose of the Partnership
The purpose of this partnership is to [Detail the business objectives and goals of the partnership].
Clause 3: Initial Capital Contributions
The partners agree to contribute the following capital: [List each partner’s contributions and valuation].
Clause 4: Division of Profits and Losses
Profits and losses of the partnership shall be divided as follows: [Describe specific percentages or shares].
Clause 5: Authority of Partners
Each partner shall have full authority to act on behalf of the partnership within the scope of its business operations.
Clause 6: Admission and Removal of Partners
The process for admitting a new partner or removing an existing partner shall require [Specify conditions and procedures for changes].
Clause 7: Mediation and Arbitration
Any disputes arising from the partnership shall first be subject to mediation, and if unresolved, to binding arbitration in accordance with [Specify the arbitration rules or jurisdiction].
Clause 8: Legal Governance
This agreement shall be governed and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]

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General Partnership Agreement Template UK