Standard Partnership Agreement

Standard Partnership Agreement Generator for England and Wales

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Standard Partnership Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Standard Partnership Agreement for a new medical practice in London with three equal partners, including provisions for profit sharing and potential future expansion, to be effective from March 2025."

Document background

The Standard Partnership Agreement is essential for businesses operating as partnerships in England and Wales. It serves as the foundational document defining the relationship between partners and the operation of their joint business venture. This agreement is particularly important as partnerships in England and Wales operate under the Partnership Act 1890, which provides default rules that can be modified by agreement. The document typically covers capital contributions, profit sharing, management responsibilities, decision-making processes, and dissolution procedures. It's crucial for establishing clear expectations and preventing future disputes between partners.

Suggested Sections

1. Parties: Details of all 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 requirements

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

7. Management and Decision Making: Governance structure and voting rights

8. Duration and Termination: Term of partnership and termination provisions

Optional Sections

1. Intellectual Property Rights: IP ownership and licensing arrangements - include when partnership involves creation or use of intellectual property

2. Non-Competition: Restrictions on competing activities - include when partners need to be restricted from competing activities

3. International Operations: Provisions for international business - include when partnership operates across multiple jurisdictions

4. Professional Indemnity: Professional liability provisions - include for professional services partnerships

Suggested Schedules

1. Schedule 1: Capital Contributions: Detailed breakdown of partner contributions

2. Schedule 2: Profit Sharing Ratios: Detailed profit distribution mechanisms

3. Schedule 3: Partnership Property: List of partnership assets and ownership details

4. Appendix A: Business Plan: Initial business plan and strategy

5. Appendix B: Partner Details: Detailed information about each partner

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Professional Services
Real Estate
Retail
Technology
Healthcare

Relevant Teams

Legal
Finance
Operations
Human Resources
Compliance

Relevant Roles

Managing Partner
Senior Partner
Equity Partner
Chief Executive Officer
Chief Financial Officer

��������Ƶ

How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Standard Partnership Agreement

Authors

Alex Denne

Find the exact document you need

Work For Hire Release

Work For Hire Agreement Music Producer

Work Experience Request Letter

Work Contracts For Independent Contractors

Work Authorisation Letter

Wholesale Contract

White Label Software Licence Agreement

White Label Software Agreement

Weekly Rental Agreement

Weekend Custody Agreement

Wedding Photography Non Disclosure Agreement

Web Developer Contract

Waxing Liability Waiver

Warning Letter For Disciplinary Action

Warning Letter Before Termination

Waiver Of Subrogation General Liability Form

Waiver Of Responsibility For Injury

Waiver Of Lien To Date Form

Waiver Of Lien To Date And Contractor's Affidavit

Waiver Of Lien To Date

Waiver Of Liability Statement

Waiver Of Liability Release Form

Waiver Of Liability For Sports Activity

Waiver For Outdoor Activities

Waiver For Dirt Bike Riding

Waiver And Hold Harmless Agreement

Vulnerability Assessment Policy

Volunteer Release And Waiver Of Liability Form

Volunteer Offer Letter

Volunteer Experience Letter

Volunteer Driver Waiver

Volunteer Application Letter

Voluntary Retirement Letter

Voluntary Redundancy Settlement Agreement

Voluntary Payment Agreement

Visa Consent Letter For Minors

Visa Consent Form

Virtual Power Purchase Agreement

Video Shoot Contract

Video Rights Agreement

Video Licensing Agreement

Video Consent And Release Form

Vessel Purchase And Sale Agreement

Vessel Management Agreement

Verification Of Work Experience Letter

Venue Licence Agreement

Venue Cancellation Letter

Venue Booking Contract

Venture Partner Agreement

Venture Capital Agreement

Vendor Termination Letter

Vendor Space Rental Agreement

Vendor Partner Agreement

Vendor Non Disclosure Agreement

Vendor Lien Waiver And Release

Vendor Lien Waiver

Vendor Lien Release Form

Vendor Hold Harmless Agreement

Vendor Direct Deposit Form

Vendor Contract Termination Letter

Vendor Confirmation Letter

Vendor Appraisal Form

Vehicle Transfer Of Ownership Agreement

Vehicle Service Contract Cancellation Letter

Youth Sports Liability Waiver

Youth Employment Certificate

Year End Appraisal

Written Warning Letter For Disrespectful Behavior

Written Notice To Vacate Apartment

Written Notice To Move Out

Written Notice Of Lease Termination

Written Agreement To Pay Back Money

Workplace Separation Certificate

Working Certificate

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise