Legal Agreement
Business Partnership Agreement
Partner A LLC
Prepared for Partner B LLC
2026-07-26
Table of Contents
- 1. Parties & Purpose2
- 2. Capital Contributions3
- 3. Ownership & Profits4
- 4. Roles & Responsibilities5
- 5. Decision Making6
- 6. Books & Records7
- 7. Withdrawal & Dissolution8
- 8. Dispute Resolution9
- 9. Signatures10
01. Parties & Purpose
This agreement is between Partner A and Partner B, entering a business partnership under the name of the business, for the purpose stated.
02. Capital Contributions
- Partner A contributes $50,000 cash
- Partner B contributes $30,000 cash and equipment valued at $20,000
03. Ownership & Profits
- 50/50 ownership
- Profits and losses shared equally
- Distributions quarterly
04. Roles & Responsibilities
- Partner A: operations and finance
- Partner B: sales and product
05. Decision Making
- Day-to-day decisions by role
- Major decisions (>$10K, hiring, new partners) by unanimous consent
06. Books & Records
- Books kept at business address
- Annual review by external accountant
07. Withdrawal & Dissolution
- 90-day notice for withdrawal
- Buy-out at fair market value
- Dissolution requires unanimous consent
08. Dispute Resolution
- Mediation first
- Binding arbitration if unresolved after 30 days
09. Signatures
- This agreement is executed as of the date above.
- ___________________________ ___________________________
- Partner A Partner B
founder@yourcompany.com
+1 (555) 000-0000
123 Main St, City, State