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.

This product is suitable for use in: England Wales

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Business law plan

This document is available as part of our Business law plan

Useful information

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.

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.

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.
Compatible region(s): England Wales

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.

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  1. Fill in an questionnaire online Answer the straightforward questions at your convenience
  2. Submit to a team of legal professionals Our team 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 legal 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

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