Family Partnership Agreement Template

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Sample

Family Partnership Agreement Template

Printable | Editable Form




Family Partnership Agreement Template (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 document serves to formalize the Family Partnership Agreement established on [Contract Start Date], outlining the mutual agreement among family members for the management of shared business interests.
Clause 1: Purpose of the Partnership
The purpose of this partnership is to [Specify the purpose, e.g., engage in a family-owned business, manage family property, etc.].
Clause 2: Contributions
Each partner agrees to contribute the following resources to the partnership: [Specify contributions, including money, property, services, etc.].
Clause 3: Profit and Loss Distribution
The partners agree to share profits and losses in the following manner: [Specify distribution ratio and terms].
Clause 4: Management Responsibilities
The partners shall manage the partnership as follows: [Specify management roles and responsibilities for each partner].
Clause 5: Decision-Making Process
Decisions regarding the partnership shall be made by [Specify decision-making process, e.g., unanimous agreement, majority vote].
Clause 6: Withdrawal or Addition of Partners
Partners can withdraw or additional partners can be added under the following circumstances: [Specify conditions and procedures].
Clause 7: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Family Partnership Agreement Template (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 agreement outlines the terms and conditions for the Family Partnership established on [Contract Start Date], focusing on the operation and management of family resources and duties.
Clause 1: Objectives of the Partnership
The main objectives of the partnership include: [Specify objectives, e.g., investment in real estate, running a family business].
Clause 2: Capital Contributions
Each partner shall contribute to the partnership as follows: [Detail capital contributions, cash amounts, property contributions, etc.].
Clause 3: Allocation of Earnings
Earnings and losses will be allocated to partners as follows: [Detail specific allocation methods].
Clause 4: Duties of Partners
Partners shall have the following duties and obligations: [Specify duties and obligations of each partner].
Clause 5: Management Decisions
Management decisions shall require [specify agreement level for decisions, e.g., consent from both partners, specified majority].
Clause 6: Changes in Partnership Structure
Provisions for the addition or withdrawal of partners include: [Specify procedures].
Clause 7: Applicable Laws
This agreement will be interpreted according to the laws of [Jurisdiction].
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 Family Partnership Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Family Partnership Agreement Template

1. Partnership Information


2. Partner Information





3. Agreement Details

4. Purpose of Partnership

5. Capital Contributions

6. Distribution of Profits and Losses

7. Management and Decision-Making

8. Dissolution of Partnership

9. Confidentiality Terms

10. Signatures and Acceptance

11. Declaration and Signatures




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Printable

Family Partnership Agreement Template

Printable | Editable Form




Family Partnership Agreement Template