LegalVision’s LVDox™ Free Partnership Agreement allows you to ensure that the relationship between business partners is documented in a basic manner. 

This free document covers:

  • the terms and purpose of a partnership;
  • the rights, responsibilities and obligations of the partners;
  • how long the partnership is intended to operate; and
  • rights, responsibilities and obligations of the partners.

The LVDox™ Free Partnership Agreement divides the partnership’s profits and losses equally. If you require profits and losses to be divided in a different way, the following clauses can be customised by one of our lawyers to your specific needs:

  • a sophisticated dispute resolution clause;
  • a non-compete clause;
  • additional provisions in related to the rights, responsibilities and obligations of the partners, particularly if an agreement has been reached on particular issues; and
  • profit and loss distribution clauses that are specific to your business.