Introduction
This partnership agreement template is designed to establish a business partnership between two or more parties and set out the terms governing the operation of the partnership.
The agreement deals with key matters including the commencement of the partnership, capital contributions, profit sharing arrangements, duties of partners and management of the partnership business.
It also includes provisions covering financial records, retirement of partners, dispute resolution and the winding up of the partnership.
This precedent provides a practical starting point for documenting small business partnerships and professional partnerships operating in Australia.
Professionally Drafted Legal Precedent
Prepared by Australian legal professionals, this precedent provides a practical framework for use with the Contract for Sale and Purchase of Land 2026.
The document is fully editable in Microsoft Word and ready for immediate use.
At A Glance
What This Document Covers
• Establishment of a business partnership
• Capital contributions by partners
• Profit and loss sharing arrangements
• Duties and responsibilities of partners
Key Clauses Included
• Commencement of partnership
• Banking and financial management provisions
• Retirement and death of partners
• Dispute resolution procedures
Typical Use
• Small business partnerships
• Professional practice partnerships
• Startup businesses formed by partners
• Joint ventures operating as partnerships
Download Details
• Lawyer-drafted partnership agreement precedent
• Suitable for small business partnerships
• Fully editable Microsoft Word document
• Instant download available immediately after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Frequently Asked Questions
What is a partnership agreement?
A partnership agreement is a legal document that sets out the rights and obligations of partners who carry on a business together. It typically deals with capital contributions, profit sharing, duties of partners and procedures for dissolution of the partnership.
Is a partnership agreement required in Australia?
While a partnership can exist without a written agreement under partnership legislation, having a written partnership agreement helps clarify the rights and responsibilities of partners and reduces the risk of disputes.
What does a partnership agreement usually include?
A partnership agreement usually includes provisions dealing with capital contributions, profit and loss sharing, management of the business, financial records, retirement of partners and dispute resolution procedures.
Can partners share profits unequally?
Yes. A partnership agreement can provide for profits and losses to be shared in equal or unequal proportions depending on the agreement reached between the partners.
Also Known As
Partnership agreements may also be referred to as:
• Business Partnership Agreement
• Small Business Partnership Agreement
• Deed of Partnership
• Partnership Contract
• Partnership Agreement Australia
These agreements set out the legal terms governing the relationship between partners operating a business together, including profit sharing, capital contributions and management responsibilities.
Partnership Agreement – Instant Download
• Lawyer-drafted partnership agreement precedent
• Suitable for small business and professional partnerships
• Fully editable Microsoft Word document
• Includes provisions for capital contributions and profit sharing
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.