Partnership Agreement
Document responsibilities, splits, and exit terms up front. Create a partnership agreement in minutes.
A partnership agreement sets out the terms of a business relationship between two or more parties working toward a shared goal. It covers responsibilities, revenue or equity split, decision-making authority, and exit terms.
- Two businesses collaborating on a joint project.
- A referral or reseller arrangement between companies.
- Co-founders formalizing their working relationship before incorporating.
- Documenting how decisions get made and how either side can exit.
What a partnership agreement typically covers
Roles and responsibilities
What each party contributes and handles.
Revenue or equity split
How proceeds or ownership are divided.
Decision-making
How decisions get made and disputes resolved.
Contributions
Capital, resources, or work each party brings.
Term
How long the partnership runs.
Exit and dissolution
How a party can leave and how it can end.
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Is a partnership agreement the same as incorporating? +
No. A partnership agreement documents the working relationship between parties and is separate from forming a legal entity. Consult a licensed attorney about entity formation.
What should it address? +
Partnership agreements commonly cover responsibilities, splits, decision-making, and exit terms. The specifics depend on your situation.
Can two companies use one for a joint project? +
Businesses commonly use one to document a joint project or reseller arrangement. Describe your situation and Claustar will guide you.
Related agreements
Attorney-built, from day one.
Claustar's templates are built with attorneys, so every starting point reflects how agreements are actually structured in practice.
Claustar is a document preparation platform, not a law firm. Consult a licensed attorney for advice specific to your situation.