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Partnership Agreement Template

Overview


Partnership agreements go hand-in-hand with setting up a partnership firm, as partners can use these agreements to spell out their respective partnership rights and duties with precision.

What is Included in the Template for Partnership Agreement?

  • Instructions on how you can use the template
  • Interpretations of terms
  • The business of the partnership
  • Management rights and council
  • Authority of partners
  • Salary and capital contribution of partners
  • Profit and losses
  • Access to partnership records
  • Confidential information and duties of both parties
  • Restriction on transfer of interest
  • Withdrawal or death of partner
  • Non-compete clause
  • Basis of termination of agreement

The following excerpt is taken from our partnership agreement template (which you can purchase at the link below):

4. AUTHORITY OF PARTNERS GENERALLY

4.1. No Partner shall enter into any transaction whereby the Partnership’s property may be used as security without the written consent of the other Partner(s).

Need a template for a partnership agreement? You can get one here.

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For a guide to partnership agreements in Singapore, click here.

If you need help customising your partnership agreement, feel free to get in touch with one of our corporate lawyers.

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