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Partnership Agreement — Word & PDF Template
Business partnership agreement for two or three named partners, covering capital, profit and loss sharing, management, partnership property, retirement, expulsion and dissolution.
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This Partnership Agreement governs the relationship between the partners (space for up to three) running a business together in England and Wales. It sets out how the partnership is managed, how profits are shared and what happens when a partner leaves, replacing the basic default rules of the Partnership Act 1890.
Who is this template for?
Ideal for people starting or formalising a general (unincorporated) business partnership — such as trades, practices, shops and small firms — who want clear terms rather than relying on the statutory defaults.
What does the template include?
The agreement is organised into clearly numbered sections:
- Parties — the partners.
- Partnership Details — the name and nature of the business.
- Capital Contributions — what each partner contributes.
- Profit and Loss Sharing — how profits and losses are split.
- Management — decision-making and running the business.
- Banking and Accounts — financial administration.
- Partner Duties — obligations owed to the partnership.
- Partnership Property — assets owned by the partnership.
- Retirement of a Partner — how a partner leaves.
- Death or Incapacity — what happens in those events.
- Expulsion — removing a partner for cause.
- Dissolution — winding up the partnership.
- Governing Law — England & Wales jurisdiction.
- Signatures — execution by the partners.
Easy to customise
The template works in Microsoft Word, Google Docs and LibreOffice. Fill in the highlighted fields, set the profit shares and adjust the clauses to suit your partnership before signing.
Format and scope
Provided as an editable Word (.docx) file and a print-friendly PDF in A4 size, drafted for use in England and Wales.
How to edit the template
- Download the DOCX file after purchase
- Open it in Word, Google Docs, LibreOffice or another DOCX editor
- Fill in the parties' details in the marked fields
- Edit the terms and text to match what has been agreed
- Print it for signing or send it digitally
