Free Partnership Agreement Generator
A partnership agreement is what saves a business when partners disagree — and every partnership eventually disagrees. This generator produces a straightforward two-partner agreement covering capital, profit sharing, roles, decision-making and dispute resolution.
PARTNERSHIP AGREEMENT
Legal Disclaimer: This document is a general template and does not constitute legal advice. Consult a qualified attorney for advice specific to your situation and jurisdiction.
About the Partnership Agreement Generator
What a partnership agreement must decide
Capital contribution per partner, profit and loss sharing ratios, roles and responsibilities, decision-making authority (unanimous vs majority), banking authority, and — most importantly — how disputes are resolved and how a partner exits. Skipping any of these is the leading cause of partnership disputes escalating into litigation.
Profit sharing is not always 50/50
Equal ownership does not require equal profit share. Partners often set profit ratios based on capital contributed, hours worked, or client accounts owned. Whatever the split, write it down — a verbal 'we'll figure it out later' works fine until the business earns real money.
Dispute resolution — mediation before litigation
The template defaults to negotiation, then mediation, then arbitration or court as a last resort. This ladder is standard for a reason: it protects the working relationship while the disagreement is small, and it is far cheaper than jumping straight to court.
Frequently asked questions
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