A partner agreement is a legal document that outlines the terms and conditions of a partnership between two parties. This document establishes the responsibilities, obligations, and rights of the partners involved in the business relationship. If you are planning to enter a partnership, it is essential to have a well-documented and detailed partner agreement to avoid any misunderstandings or disputes in the future.

A partner agreement sample can serve as a useful guide to help you draft your agreement. However, keep in mind that every partnership is unique, and there is no one-size-fits-all template for a partner agreement. You may need to tailor the sample to reflect your specific business needs and requirements.

Elements of a Partner Agreement

A partner agreement typically includes the following elements:

1. Partnership Details: This section outlines the business structure, the partners` roles and responsibilities, and the purpose of the partnership.

2. Ownership and Profit Sharing: This section details how the profits and losses will be shared between the partners and how ownership of the business assets will be divided.

3. Capital Investment: This section outlines the amount of capital each partner is required to invest and the terms of payment.

4. Management: This section explains the governance structure of the partnership, including decision-making processes, voting rights, and the appointment of a managing partner if applicable.

5. Liability: This section outlines the partners` liabilities in the event of legal action against the partnership, including debt or breach of contract.

6. Confidentiality: This section outlines the confidentiality obligations of the partners, including the protection of proprietary information and intellectual property rights.

7. Termination: This section details the terms of termination of the partnership, including notice periods, cause of termination, and the distribution of assets.

8. Dispute Resolution: This section outlines the process for resolving disputes between the partners, including mediation or arbitration.


A well-drafted partner agreement is crucial for the success of any partnership. It provides a clear framework for the partners` responsibilities, obligations, and rights and establishes a solid foundation for the business relationship. If you are looking to create a partner agreement, a sample can serve as an excellent starting point. However, it is essential to tailor the agreement to reflect your specific business needs and to seek the advice of legal professionals before finalizing the document.