Free Printable Partnership Contract Template
How Does a Partnership Contract Works?
A partnership in business means there are 2 or more parties that are involved that take care of the business and will share the profit accordingly depending on the shares that are stated in a contract. To do this properly, there is a partnership contract that needs to be signed by all parties. With all the clauses that are stated in the contract, all parties must be careful in reading them before they agree and sign them. It is highly recommended that before signing the contract that they have their legal teams read them first and have their lawyers present in front of a notary during the signing of the contract.
Samples Of Partnership Contract :
Usually, the partnership contract itself will state all the activities that all parties will need to do along with the share of the profit that all the parties are going to get. Depending on the partnership itself, some partners prefer to be a “silent partner” which means they will not be involved in the day-to-day basis operation, although they are one of the investors for the business. Depending on the type of partnership that you are going to get into, you will have to make sure that the clause in the contract is proper for you to do especially if you are involved in the operational system of the business. If you are interested in an example of this type of contract, you can download one for free at the bottom of this page.
Partnership Contract Template | Word – download