A partnership agreement is an agreement between two or more parties who wish to enter into business together in the form of a partnership.
This partnership agreement provides for up to six partners. Unlike a company, a partnership is not a separate legal entity, although it must have a tax file number (TFN), an Australian Business Number (ABN) and must lodge a tax return. Each partner must pay tax on the proportion of partnership income that they receive in a financial year.
You will need the following information to generate your free document:
names of all partners;
addresses of all partners; and
name of partnership.
As a member, you can request unlimited legal documents to be drafted or reviewed for your business,
including this Partnership Agreement. Our membership also provides unlimited legal advice
consultations, faster turnaround times and ongoing legal support for an affordable monthly fee.
Learn more about becoming a member today.
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.
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Internet Use Policy
IP Licence Agreement
Letter of Demand
Letter of Termination of Employment – During Probation Period
Letter of Termination of Employment – Poor Performance
Letter of Termination of Employment – Redundancy
Loan Agreement
Minutes of Directors of Company Appointing Attorney to Sign Documents
Partner Visa Resource Guide
Partnership Agreement
Power of Attorney – Company
Promissory Note
Referral Agreement
Sale of Business Agreement
Service Agreement
Shareholders Agreement
Subcontractor Agreement
Website Privacy Policy
Website Terms of Use
Workplace Health and Safety Policy
Workplace Surveillance Policy
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