Partnership Agreement
PartnershipSet ownership, contributions, and decision-making for a business partnership.
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Statutes, model forms, and commentary cited for each agreement type below.
Partnership Agreement (Partnership): A partnership agreement defines how two or more parties own and run a business together: capital contributions, profit and loss sharing, management, decision rights, and what happens if a partner leaves. Use it after early talks, once the parties are ready to formalize the relationship.
Sources: IRS: Partnerships; Cornell LII: Partnership
Joint Venture Agreement (Joint Venture): A joint venture agreement covers a defined collaboration that is not a full partnership: purpose, contributions, governance, IP, and how the venture ends. Use it when two companies will work a project together while remaining separate businesses.
Founders Agreement (Founders): A founders agreement records roles, an ownership split, and vesting. Signing it does not issue shares. Forming the company and issuing equity still happen separately.
Sources: SEC: Small business resources
Shareholders Agreement (Shareholders): A shareholders agreement for a company and its owners: board and voting, transfer limits, and an ownership table. The company charter still controls if they conflict.
Sources: Delaware Division of Corporations
Formable contract templates include language modified from Common Paper standard terms. The originals are free to use under Creative Commons Attribution 4.0 (CC BY 4.0). View the Common Paper standards and CC BY 4.0 license.
The partnership agreement follows the Uniform Partnership Act (1997) from the Uniform Law Commission. See the Uniform Partnership Act (1997).
The HIPAA business associate agreement follows the sample contract provisions published by the U.S. Department of Health and Human Services. Read the HHS sample provisions.
The data processing agreement is built around Article 28 of the GDPR, as published by the European Commission. Read Regulation (EU) 2016/679.