Partnership agreement

It is highly advisable to have a business partnership agreement for any partnership. Create and download the right one for you

About this service

A Partnership agreement is a contract between the members of a partnership which defines the responsibilities and powers of the partners. It also sets out the systems and procedures involved in running the partnership.

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- 1 Your document reviewed by our solicitors within 3 working days
- 2 Access to our solicitors for advice over the phone
- 3 Helpful explanations and guidance throughout
- 4 Customer services advisors on hand to answer any service queries
- 5 Secure online document storage, tracking and print facility

Prefer to call us for advice or prepare a document by phone? 0800 612 2337

Useful information

How to choose your business structure

When the time comes to select the right structure for your business, there are three main configurations to consider, each of which has advantages and disadvantages.

How do I create a partnership?

A partnership is formed when two or more individuals (which can include legal entities, such as limited companies) agree that they form a partnership.

Why do I need a partnership agreement?

Without a partnership agreement, the business will be governed by the Partnership Act of 1890, which may produce unforeseen or undesirable results, particularly if there is a future disagreement between partners.

A Partnership agreement sets out:

The responsibilities of the partners
The powers of the partners
The procedures involved in running the partnership

This service takes about 45 minutes

You can try the service out beforehand, and can save your progress at any time and come back to the document later.

How MyLawyer works

1 Fill in a questionnaire online Answer the straightforward questions at your convenience
2 Submit to our solicitors Our solicitors will advise you and approve your document
3 Print and sign your document Once approved, simply print and sign your document

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"Fantastic! The document I used was so comprehensive and easy to complete. It is very reassuring to know my business now has this level of protection"

Michael S, London