A partnership contract form is a formally drafted document which is framed in the case when two parties or more than two parties agree to conduct a partnership of some kind. These forms are used to fill in the various details which are required in a partnership contract such as details of partnership, details of the parties and legally binding terms and conditions which are mandatory for the parties to follow or abide by. Given below is a sample of a partnership contract form which can be used for reference by any person.
Sample Partnership Contract Form:
Effective date of contract: 18th May 2012
Termination date of contract: 18th May 2013
Length of contract: 12 months
This partnership contract has been made by and between two parties ‘PARTNER 1’ and ‘PARTNER 2’. These partners have agreed to conduct a business partnership for 12 months.
The details of the parties are given as follows:
PARTNER 1 details:
Name: Mr. Fred Jackson
Address: 3-H, first floor , Peter road, LA
Contact number: 470923470404
PARTNER 2 details:
Name: Henry Bill
Address: D-89, second floor, Paulo street, LA
Contact number: 479043248924
The parties shall be opening a restaurant on a partnership basis where they shall share all expenses and profits in the ratio 50:50.
Terms and conditions:
- The partners agree to share all expenses of restaurant construction etc and also share the profits and responsibilities equally.
- The partners must not leak the financial details and account specifications to any other third party.