Ƶ

Partnership Contract Between Two Companies for the United Kingdom

Partnership Contract Between Two Companies Template for England and Wales

A Partnership Contract Between Two Companies is a legally binding agreement governed by English and Welsh law that establishes the terms and conditions of a business partnership between two corporate entities. This agreement defines the rights, responsibilities, profit-sharing arrangements, management structure, and operational framework of the partnership. It incorporates provisions from the Partnership Act 1890 and Companies Act 2006, while addressing modern business needs and corporate governance requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Partnership Contract Between Two Companies

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Partnership Contract Between Two Companies?

A Partnership Contract Between Two Companies is essential when two corporate entities wish to formally collaborate while maintaining their separate legal identities. This document, governed by English and Welsh law, is commonly used for joint ventures, strategic alliances, or collaborative business operations. It details capital contributions, profit-sharing mechanisms, management responsibilities, and exit strategies. The agreement ensures compliance with the Partnership Act 1890 and Companies Act 2006, while protecting both parties' interests and establishing clear operational guidelines. It's particularly valuable for companies seeking to combine resources, expertise, or market presence while maintaining clear legal boundaries and risk management structures.

What sections should be included in a Partnership Contract Between Two Companies?

1. Parties: Identification and details of both companies entering the partnership

2. Background: Context and purpose of the partnership agreement

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Legal structure and nature of the partnership

5. Capital Contributions: Initial and ongoing capital commitments

6. Profit and Loss Sharing: Distribution of profits and allocation of losses

7. Management and Control: Decision-making processes and management structure

8. Term and Termination: Duration and conditions for ending the partnership

What sections are optional to include in a Partnership Contract Between Two Companies?

1. Intellectual Property Rights: Provisions governing IP ownership, licensing arrangements, and protection of intellectual property assets between partners

2. Non-Competition: Restrictions on competing activities and protection of business interests during and after the partnership

3. Employee Matters: Provisions regarding staff transfers, employment arrangements, and responsibilities for employee-related obligations

What schedules should be included in a Partnership Contract Between Two Companies?

1. Business Plan: Detailed operational and strategic plans for the partnership

2. Capital Contributions Schedule: Detailed breakdown of each partner's capital contributions, including timing and nature of contributions

3. Asset Register: Comprehensive list of partnership assets and their ownership status

4. Service Level Agreements: Detailed service commitments and performance standards between partners

5. Governance Procedures: Detailed procedures for management, voting, and decision-making processes

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions





























Clauses






































Industries

Partnership Act 1890: Primary legislation defining partnerships, establishing basic rights and obligations, default rules for partnership operations, and covering profit sharing and liability matters

Companies Act 2006: Core legislation for company partners, covering corporate capacity, authority to enter partnerships, directors' duties and corporate governance requirements

Limited Partnerships Act 1907: Legislation governing limited partnerships if the partnership structure requires limited partner status

Competition Act 1998: Ensures compliance with competition law, particularly relevant when partnership is formed between potential competitors

Contracts (Rights of Third Parties) Act 1999: Governs third-party rights under the partnership agreement and their ability to enforce terms

Data Protection Act 2018 and UK GDPR: Regulatory framework for handling personal data sharing between partners and data protection compliance

Common Law Contract Principles: Legal principles governing contract formation, interpretation, and enforcement under English common law

Fiduciary Duties: Legal obligations requiring partners to act in the best interests of the partnership and with utmost good faith

Partnership Taxation Rules: Tax regulations specific to partnerships, including profit sharing and tax reporting requirements

Intellectual Property Laws: Legislation governing the protection and sharing of intellectual property rights between partners

Employment Law: Regulations affecting staff transfers, employment rights, and obligations when partnership activities involve employees

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Venture Partner Agreement

An England & Wales agreement formalizing venture capital partnerships, detailing roles, responsibilities, and compensation.

Download

Vacation Home Partnership Agreement

An England & Wales legal document outlining co-ownership terms for a shared vacation property.

Download

Trucking Partnership Agreement

An England & Wales legal document outlining partnership terms for trucking operations, ensuring compliance and profit sharing.

Download

Term Sheet For Partnership Agreement

An England & Wales document outlining initial terms for a partnership, guiding final agreement negotiations.

Download

Temporary Partnership Agreement

An England & Wales legal document outlining terms for a temporary project-specific business collaboration.

Download

Technology Partnership Agreement

An England & Wales legal agreement formalizing technological collaboration, addressing IP, confidentiality, and compliance.

Download

Technical Partnership Agreement

An England & Wales legal document outlining terms for technical collaboration and intellectual property management.

Download

Strategic Technology Partnership Agreement

An England & Wales legal agreement for technological collaboration, addressing data protection, IP rights, and cybersecurity.

Download

Strategic Alliance Partnership Agreement

An England & Wales legal document formalizing collaborative ventures while maintaining independent legal status for organizations.

Download

Startup Partnership Agreement

An England & Wales legal document outlining partners' rights and duties in a new business venture.

Download

Standard Partnership Agreement

An England & Wales legal document defining partnership terms, modifying default rules under the Partnership Act 1890.

Download

Sponsorship Partnership Agreement

An England & Wales contract detailing sponsorship terms, rights, and obligations for commercial partnerships.

Download

Software Partnership Agreement

An England & Wales legal contract formalizing software development partnerships, detailing rights, responsibilities, and dispute resolution.

Download

Software Partner Agreement

An England & Wales legal agreement for software distribution and partnership roles, responsibilities, and compliance.

Download

Shareholders Agreement Joint Venture

An England & Wales legal document outlining governance and rights in a joint business venture.

Download

Service Partner Agreement

An England & Wales agreement formalizing service delivery partnerships with external providers, detailing scope, standards, and compliance.

Download

Simple 50 50 Partnership Agreement

An England & Wales legal document establishing equal partnership rights and responsibilities for business ventures.

Download

Simple Partnership Dissolution Agreement

An England & Wales legal document detailing terms for amicable partnership dissolution and asset distribution.

Download

Simple Limited Partnership Agreement

An England & Wales legal document outlining roles and liabilities in a limited partnership agreement.

Download

Restaurant Profit Sharing Agreement

An England & Wales agreement outlining profit distribution terms for restaurant owners, investors, and employees.

Download

Revenue Share Partnership Agreement

An England & Wales agreement detailing revenue-sharing terms for collaborative business ventures.

Download

Secret Partner Agreement

An England & Wales legal document ensuring partner anonymity while participating in business profits and decisions.

Download

Sales Cooperation Agreement

An England & Wales legal document formalizing sales collaboration through agents or distributors, detailing roles and financial terms.

Download

Salaried Partner Agreement

An England & Wales agreement outlining terms for salaried partners in professional services firms.

Download

Real Estate Limited Partnership Agreement

An England & Wales legal document outlining terms for pooled real estate investment with limited liability.

Download

Real Estate Joint Venture Agreement

An England & Wales legal document outlining terms for joint real estate ventures, including ownership and profit distribution.

Download

Real Estate Channel Partner Agreement

An England & Wales legal agreement outlining terms for property sales through authorized channel partners.

Download

Property Partnership Agreement

An England & Wales legal document outlining joint property investment terms, rights, and obligations among partners.

Download

Profit Sharing Ratio Partnership Agreement

An England & Wales legal document formalizing customized profit-sharing arrangements in business partnerships.

Download

Profit Sharing Agreement In Business Partnership

An England & Wales legal document outlining profit distribution and responsibilities in a business partnership.

Download

Profit And Loss Partnership Agreement

An England & Wales legal document outlining profit and loss sharing in business partnerships.

Download

Production Partnership Agreement

An England & Wales legal document outlining terms for joint production ventures, including governance and profit distribution.

Download

Product Partnership Agreement

An England & Wales legal document formalizing product collaboration terms between businesses in manufacturing, distribution, or sales.

Download

Preliminary Partnership Agreement

An England & Wales legal document outlining preliminary terms for forming a business partnership.

Download

Preferred Partnership Agreement

An England & Wales agreement formalizing strategic business partnerships with preferential rights and compliance provisions.

Download

Preferred Partner Agreement

An England & Wales legal document formalizing strategic partnerships with key suppliers under preferential terms.

Download

Pre Partnership Agreement

An England & Wales legal document outlining preliminary terms before formal partnership formation, ensuring confidentiality and exclusivity.

Download

Photography Partnership Agreement

An England & Wales legal agreement formalizing a business partnership between photography professionals, detailing rights and responsibilities.

Download

Pharmacy Partnership Agreement

An England & Wales legal document outlining a joint pharmacy business partnership's framework and regulatory compliance.

Download

Partnership Subscription Agreement

An England & Wales legal document outlining terms for a new partner joining an existing partnership.

Download
See more related templates

ұԾ’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; ұԾ’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it