Partnership Agreement Template California

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Sample

Partnership Agreement Template California

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Partnership Agreement Template California (1)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This Partnership Agreement (“Agreement”) is entered into as of [Effective Date], by and between [Partner 1’s Name] and [Partner 2’s Name], collectively referred to as the “Partners”. The purpose of this Agreement is to establish the terms and conditions of the partnership formed under the laws of California.
Clause 1: Name of Partnership
The name of the Partnership shall be [Partnership Name].
Clause 2: Purpose
The purpose of the Partnership is to conduct [describe the business purpose, e.g., “a consulting business focusing on technology solutions”].
Clause 3: Contributions
Each Partner agrees to contribute the following to the Partnership:
[Partner 1: Specify contributions, e.g., cash, property, etc.]
[Partner 2: Specify contributions, e.g., cash, property, etc.]
Clause 4: Profits and Losses
Profits and losses shall be allocated to the Partners in the following manner: [Specify allocation method, e.g., 50/50, proportionate to contributions, etc.].
Clause 5: Management
Each Partner shall participate equally in the management of the Partnership unless otherwise agreed in writing. Major decisions affecting the Partnership shall require the consent of both Partners.
Clause 6: Withdrawal or Addition of Partners
In the event that a Partner wishes to withdraw from the Partnership, they must provide written notice [Specify notice period]. New Partners may only be admitted with the unanimous consent of the existing Partners.
Clause 7: Termination
The Partnership may be dissolved upon mutual agreement of the Partners or as required by law. Upon dissolution, the assets of the Partnership shall be liquidated, and the proceeds shall be distributed as per the agreed profit-sharing ratio.
Clause 8: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of California.
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Partnership Agreement Template California (2)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This Partnership Agreement (“Agreement”) is made as of [Effective Date], between [Partner 1’s Name] and [Partner 2’s Name]. The Partners hereby agree to form a general partnership to engage in [describe business purpose] in accordance with the laws of the State of California.
Clause 1: Name of the Partnership
The name of the Partnership shall be [Partnership Name].
Clause 2: Business Purpose
The business purpose of the Partnership is to [describe specific business activities].
Clause 3: Capital Contributions
Each Partner shall initially contribute the following to the Partnership:
[Partner 1: Specify contributions, e.g., cash, equipment, etc.]
[Partner 2: Specify contributions, e.g., cash, equipment, etc.]
Clause 4: Distribution of Profits and Losses
Profits and losses shall be distributed in proportion to the Partners’ respective contributions unless otherwise agreed in writing.
Clause 5: Management and Control
Each Partner shall have equal rights in the management and control of the Partnership.
Any major decision affecting the Partnership shall require both Partners’ approval.
Clause 6: Admission of New Partners
New Partners may be admitted to the Partnership only with the approval of both existing Partners in writing.
Clause 7: Termination and Dissolution
The Partnership may be terminated by mutual agreement of the Partners. Upon termination, all debts and obligations shall be settled before the distribution of any remaining assets.
Clause 8: Governing Law
This Agreement shall be governed by the laws of the State of California.
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]

Form

Please complete the form below to create the Partnership Agreement Template for California. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Partnership Agreement Template for California

1. Partnership Information


2. Partner Information





3. Agreement Purpose

4. Capital Contributions

5. Ownership Percentage

6. Profit and Loss Distribution

7. Decision-Making Authority

8. Duration of Partnership

9. Withdrawal and Termination Provisions

10. Confidentiality Agreement

11. Governing Law

12. Signatures and Acceptance

13. Declaration and Signatures




PDF


WORD

Printable

Partnership Agreement Template California

Printable | Editable Form




Partnership Agreement Template California