GENERAL PARTNERSHIP AGREEMENT (USA)
This Agreement is hereby made on the ______day of ____________, _______ between __________ and
_______________, hereinafter referred to as Partners.
1. Partnership Name
The name of the Partnership is: ______________.
2. Partnership Purpose
The Partnership is formed for engaging in the business of :___________________.
3. Duration of Partnership
The Partnership shall commence on the date of this Agreement and will continue until ___________, or
when one Partner gives ______ days notice of his or her intention to dissolve the Partnership.
4. Place of Business
The Partnership's principal place of business shall be at_____________________(insert address). All books
and records shall be kept at the above address. The principal place of business may change if both parties
provide written consent.
5. Capital Contributions
The Partnership's initial capital shall consist of the following amounts of cash to be contributed by both
parties: $_____________, $_______________. Each contribution shall be paid fully within _____ days after
the date of this agreement. If either Party fails to pay fully in a timely manner, the Partnership shall be
dissolved immediately, and each Partner shall be entitled to their contributed amounts.
6. Voluntary Capital Contributions or Capital Withdrawals
A Partner shall not make a voluntary contribution or withdrawal of capital without the written consent of
7. Division of Profits and Losses
Unless both Partners agree in writing upon an alternate allocation of profits and losses, all profits and
losses shall be divided equally between the Partners. An amount of cash equal to each Partner's share of
the Partnership's profit, less any amounts drawn in advance against Partners shall be distributed to each
Partner within ______ days of the end of the Partnership's fiscal year.
8. Partnership Funds
Partnership funds shall be deposited in the name of the Partnership. The Partners shall agree in writing
who shall have signatory authority for withdrawals and checks.
9. Partnership Drawing Account
Each Partner shall be able to draw against his or her share if profits in such amounts and such time upon
written agreement of both Partners.
THIS IS A 3-PAGE FORM.