Simple Partnership Agreement

Simple Partnership Agreement Template for Singapore

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

4.6 / 5

4.8 / 5

Let's create your Simple 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 Simple Partnership Agreement for a new tech consulting business I'm starting with two other partners in Singapore, where we'll each contribute SGD 50,000 initially and share profits equally, planning to commence operations on March 1, 2025."

Document background

The Simple Partnership Agreement is designed for businesses seeking to formalize their partnership arrangement under Singapore jurisdiction. This document is particularly suited for small to medium-sized enterprises requiring a straightforward yet comprehensive partnership structure. It covers essential aspects such as partner rights and obligations, profit sharing, decision-making processes, and dispute resolution mechanisms, while complying with Singapore's Partnership Act 1890 and related regulations. The agreement serves as a foundational document that can be modified as the partnership evolves.

Suggested Sections

1. Parties: Identifies and defines all partners entering the agreement

2. Background: Sets out the context and purpose of forming the partnership

3. Definitions: Defines key terms used throughout the agreement

4. Partnership Structure: Defines the nature and scope of the partnership business

5. Capital Contributions: Details initial and ongoing capital contributions by partners

6. Profit and Loss Sharing: Specifies how profits and losses will be distributed

7. Management and Decision Making: Outlines management structure and decision-making processes

8. Duration and Termination: Specifies partnership term and termination conditions

Optional Sections

1. Intellectual Property Rights: Addresses IP ownership and usage rights when partnership involves creation or use of intellectual property

2. Non-Competition: Restricts partners from competing activities when protecting business interests from partner competition is crucial

3. Insurance: Specifies required insurance coverage when specific business risks need to be covered

4. Assignment and Transfer: Rules for transferring partnership interests when partners want to allow for future ownership changes

Suggested Schedules

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial capital contribution

2. Schedule 2: Business Plan: Initial business plan and objectives

3. Schedule 3: Partner Details: Complete partner information including contact details

4. Schedule 4: Asset Register: List of partnership assets and their values

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
Retail
Food & Beverage
Technology
Creative Industries

Relevant Teams

Legal
Finance
Operations
Business Development
Strategy

Relevant Roles

Business Owner
Managing Partner
Chief Executive Officer
General Manager
Entrepreneur

��������Ƶ

How ��������Ƶ reduced drafting time by 75% for a legal firm

Let's create your Simple Partnership Agreement

Authors

Alex Denne

Find the exact document you need

Web Design Contract

Written Agreement

Terms Of Employment Contract

Terms And Conditions For Rental Agreement

Simple Contract

Simple Agreement

Side Agreement

Rental Agreement Month To Month

Mutual Agreement Between Two Parties

Legally Binding Agreement

Incorporation Agreement

Formal Agreement

Boilerplate Agreement

Amended Contract

Tooling Agreement

Service Agreement Terms And Conditions

Representation Agreement

Provisional Agreement

Preliminary Agreement

Land Agreement Between Two Parties

Common Terms Agreement

Buyer Agency Agreement

Subordination Agreement Mortgage

Statement Of Agreement

Preliminary Contract

Contractual Agreement

Labour Contract Agreement For Construction Of House

Partnership Agreement

Business Cooperation Agreement

Lodger Agreement

Head Of Terms Agreement

Business Contract

Dispute Resolution Agreement

Bike Sale Agreement

Umbrella Agreement

Share Purchase Agreement

Rent To Own Agreement Form

Yearly Contract Agreement

White Label Agreement

Website Development Agreement

Volunteer Contract

Virtual Assistant Contract

Vendor Contract

Vehicle Agreement Between Two Parties

Variation Agreement

Tripartite Contract

Trading Agreement

Trade Contract

Tender Agreement

Tenancy In Common Agreement

Teaming Agreement

Suretyship Agreement

Supplier Contract

Supplier Agreement

Supplemental Agreement

Silent Partner Agreement

Strategic Partnership Agreement

Strategic Alliance Agreement

Storage Agreement

Stock Purchase Agreement

Shopping Agreement

Share Transfer Agreement

Software License Agreement

Stipulated Price Contract

Share Subscription Agreement

Share Sale Agreement

Share Pledge Agreement

Software Development Contract

Standard Form Of Building Contract

Social Media Management Contract

Standard Contract

Simple Shareholders Agreement

Standard Construction Contract

Standard Agreement

��Ƶ

How ��Ƶ reduced drafting time by 75% for a legal firm

�ұ�Ծ��’s Security Promise