Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Partnership Agreement Between Three Individuals
"I need a Partnership Agreement Between Three Individuals for starting a digital marketing agency in London, where two partners will contribute equal capital of £50,000 each, and the third partner will contribute expertise and time only, with a proposed profit split of 40-40-20."
1. Parties: Details of the three partners entering into the agreement
2. Background: Context and purpose of the partnership
3. Definitions: Key terms used throughout the agreement
4. Partnership Business: Nature and scope of the partnership business
5. Capital Contributions: Initial and ongoing capital contributions of partners
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management and Decision Making: Partnership governance and voting rights
8. Partners' Duties and Obligations: Responsibilities and obligations of each partner
9. Banking and Financial Matters: Financial procedures, bank accounts, and accounting requirements
10. Duration and Termination: Term of partnership and circumstances for termination
11. Death or Incapacity: Procedures in case of death or incapacity of a partner
12. Disputes: Dispute resolution procedures
13. General Provisions: Miscellaneous legal provisions including notices, amendments, and governing law
1. Intellectual Property Rights: Provisions governing ownership and use of intellectual property created during the partnership
2. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of clients/employees
3. Insurance: Requirements for business insurance and professional indemnity coverage
4. Admission of New Partners: Procedures for admitting additional partners to the partnership
5. Good Will: Treatment and valuation of partnership goodwill
1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule 2 - Business Plan: Initial business plan and financial projections
3. Schedule 3 - Partnership Property: List of partnership assets and property
4. Schedule 4 - Accounting Policies: Agreed accounting principles and procedures
5. Schedule 5 - Profit Sharing Ratios: Detailed breakdown of profit and loss allocation between partners
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.