Детска градина Малкият принц, Пловдив

General Partnership Agreement Example

When starting a business with another person, it is important to have a written agreement that outlines the terms of your partnership. This agreement is called a general partnership agreement.

A general partnership agreement is a legal document that sets out the rights and responsibilities of the partners in a business. It includes details about how the partnership will operate, how profits and losses will be shared, and how disputes will be resolved.

Here is an example of a general partnership agreement:

1. Name and Purpose of the Partnership: The partnership will be called XYZ Partners and the purpose of the partnership is to provide consulting services to clients.

2. Partners: The partners in the partnership will be John Smith and Jane Doe.

3. Responsibilities: John Smith will be responsible for managing the financial aspects of the business, while Jane Doe will be responsible for managing the day-to-day operations.

4. Capital Contributions: Each partner will contribute $50,000 to the partnership to start the business.

5. Profits and Losses: The profits and losses of the partnership will be shared equally between the partners.

6. Management: The partners will share management responsibilities equally, with each partner having the right to make decisions on behalf of the partnership.

7. Dispute Resolution: If a dispute arises between the partners, they agree to attempt to resolve it through mediation before taking legal action.

8. Term: The partnership will continue until one of the partners gives notice to the other partner of their intent to terminate the partnership.

9. Governing Law: The partnership will be governed by the laws of the state in which it is registered.

As you can see, a general partnership agreement is an important document that outlines the terms of your partnership and sets expectations for the business relationship. It is always wise to consult with a lawyer when drafting a general partnership agreement to ensure that it is legally binding and enforceable.

Детска градина „Малкият Принц“

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