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Law Firm Partnership Agreement

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This Law Firm Partnership Agreement is made among the existing members of a law firm partnership wherein the existing partners admit an additional partner. The partnership agreement sets forth the material terms and conditions of the partnership including the name of the partnership, the percentage of interest of each partner, and the division of profits and losses. It further contains the rights and responsibilities of the partners and numerous other standard provisions that are commonly included in these types of agreements. This document should be used by partners in a law firm when admitting a new partner.

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