Introduction:

• Introduce the partnership agreement, including the names of the partners and the name of the partnership.

Purpose and Business Activities:

• Define the nature of the partnership’s business activities.
• Explain the purpose of the partnership, its goals, and its intended outcomes.

Partners’ Information:

• Provide the full names, addresses, and contact details of all partners.
• Specify the contributions (capital, assets, skills) each partner brings to the partnership.

Profit and Loss Sharing:

• Outline the distribution of profits and losses among partners.
• Detail the specific ratio or percentage each partner is entitled to.

Management and Decision-Making:

• Define the decision-making structure within the partnership.
• Clarify whether decisions require unanimous agreement or can be made by a majority vote.

Roles and Responsibilities:

• Assign specific roles, responsibilities, and duties to each partner.
• Specify any managerial positions and the scope of their authority.

Capital Contributions:

• Detail the initial capital contributions made by each partner.
• Explain how additional capital contributions will be handled if needed.

Withdrawal and Distributions:

• Describe the process for partners to withdraw from the partnership.
• Outline the distribution of assets upon withdrawal or dissolution.

Admission of New Partners:

• Specify the process for admitting new partners into the partnership.
• Address matters such as capital contributions, profit-sharing, and decision-making.

Dispute Resolution:

• Outline procedures for resolving disputes among partners.
• Mention the use of mediation or arbitration if necessary.