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Short-Form Partnership Agreement

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Short-Form Partnership Agreement Powered By Docstoc
					                     Short-Form Partnership Agreement
   ____________________________, ____________________________,
____________________________, ____________________________, and
____________________________, agree as follows:

   1. That as of __________________, 20__, they are partners in a business known as
     _______________________________________.

   2. That the general purpose of the business is ______________________________.

   3. That the partners now agree that ______________________________________.

   4. That the partners further agree that they will prepare, by _____________________,
     20__, a final and complete partnership agreement governing the partnership, and
     that the agreement will cover at least:

        • contributions of each partner to the partnership

        • distribution of profits and losses

        • management powers and responsibilities

        • admission of new partners

        • the departure of a partner for any reason, and

        • arbitration.

      To formalize this short-form partnership agreement, each partner has signed his or
   her name on the date below:

   Signature: _____________________________ Dated: __________________

   Signature: _____________________________ Dated: __________________

   Signature: _____________________________ Dated: __________________

   Signature: _____________________________ Dated: __________________

   Signature: _____________________________ Dated: __________________

   Signature: _____________________________ Dated: __________________

				
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