Partnership & LLCGeneral US

Free General US Partnership Agreement Template

Download a comprehensive General US Partnership Agreement template. Protect your business interests with this professional, ready-to-use legal contract.

421 wordsUpdated May 13, 2026

Who is this template for?

Two or more individuals starting a new business venture together to define roles and profit sharing.
Existing business partners looking to formalize their verbal agreement into a legally binding document.
Professional service providers (e.g., consultants, designers) forming a joint venture for a specific project.
Family members or friends entering into a business arrangement who need clear boundaries and dispute resolution protocols.

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1. PARTIES

This General Partnership Agreement (the "Agreement") is entered into as of [DATE] (the "Effective Date"), by and between [PARTNER A NAME] of [PARTNER A ADDRESS] ("Partner A") and [PARTNER B NAME] of [PARTNER B ADDRESS] ("Partner B"), collectively referred to as the "Partners."

2. FORMATION AND NAME

2.1. The Partners hereby form a general partnership under the laws of the State of [STATE] (the "Partnership").

2.2. The business of the Partnership shall be conducted under the name [PARTNERSHIP NAME] (the "Partnership Name").

3. PURPOSE

3.1. The purpose of the Partnership is to engage in [DESCRIBE BUSINESS PURPOSE] and any other lawful business activities as agreed upon by the Partners.

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Free General US Partnership Agreement Template Template | Download Now | TermScore