Small Business Contracts

Partnership Agreement

A general or limited liability partnership: contributions, profits, management, exits.

What you get

  • An editable Word document, drafted from your answers and the state's official text.
  • A proof of sources: every citation in the draft with the words it quotes, the official source, the date the text was saved and its fingerprint.
  • Notes for counsel listing each point marked [VERIFY], each blank and each choice left for the client.

What the intake asks

Plain questions, in the order an attorney would take the facts. Anything left blank stays a marked blank in the draft; nothing is invented to fill it.

The partnership

  • Your client is
  • Partnership name
  • The business
  • Partners

Money

  • Contributions and loans
  • Profits, losses and distributions

Governance

  • Management and voting
  • Management terms
  • Partners' duties and outside activities
  • Books, bank and records

Changes

  • Transfers of a partner's interest
  • Withdrawal, death, disability and expulsion
  • Dissolution and winding up
  • Disputes and other terms

Signing

  • How will this be signed
  • Other instructions or open decisions

Where it is offered

Every state Lawsmith has official sources for:

Official sources on file

The drafter works from the texts Lawsmith has saved for this document in the state you choose, plus federal law where it applies. Each is read from the official publisher and dated.

StateSources for this document
California18
Connecticut16
Delaware18
District of Columbia18
Florida18
Maryland18
Massachusetts18
New Jersey18
New York18
Ohio23
Pennsylvania18
Texas22
Virginia22

Among them, for New Jersey:

  • N.J.S.A. 2A:14-1: 6 years
  • N.J.S.A. 42:1A-10 Formation of partnership; rules for determining formation
  • N.J.S.A. 42:1A-15 Statement of partnership authority; filing
  • N.J.S.A. 42:1A-18 Partnership obligations; liability of partners.
  • N.J.S.A. 42:1A-2 Definitions relative to partnerships

How the draft is checked

Before it writes, the drafter must quote the official text behind each citation. Lawsmith compares every quotation with the text on file, character for character; a citation with no checked quotation reaches you marked [VERIFY]. The draft still needs your review before it is signed, filed or sent. How citations are checked

More small business contracts documents