Partnership & LLCNew York

Free New York Partnership Agreement Template

Download a professional New York Partnership Agreement template. Compliant with NY state law, covering profit sharing, management, and dispute resolution.

310 wordsUpdated May 11, 2026

Who is this template for?

Two or more individuals launching a new business venture in New York who need to define ownership and profit-sharing.
Existing business partners looking to formalize their verbal agreement into a legally binding document under New York law.
Professional service providers (e.g., consultants, architects) forming a general partnership to share liability and operational costs.
Partners seeking to establish clear exit strategies and buy-sell provisions to protect the business from future disputes.

Template Preview

1. PARTIES

This Partnership Agreement (the "Agreement") is entered into as of [DATE], by and between [PARTNER A NAME], residing at [ADDRESS], and [PARTNER B NAME], residing at [ADDRESS] (collectively, the "Partners").

2. FORMATION AND NAME

The Partners hereby form a general partnership under the laws of the State of New York. The business of the partnership shall be conducted under the name [PARTNERSHIP NAME] (the "Partnership"). The principal office of the Partnership shall be located at [ADDRESS].

3. PURPOSE

The purpose of the Partnership is to engage in [DESCRIPTION OF BUSINESS ACTIVITIES] and any other lawful business activities permitted under the New York Partnership Law.

4. TERM

The Partnership shall commence on [DATE] and shall continue until dissolved in accordance with the provisions of this Agreement or the laws of the State of New York.

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