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General Partnership Agreement
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We have our own legal team who will prepare the Partnership Agreement. We have made it very simple and easy. All you need to do is, filling out this step by step form, pay and submit. Our specialist will review your submitted information, will contact you if anything is missing.
Which sector best describes your partnership?
Select One
Professional Services
Retail
Food & Hospitality
Entrtainment & Recreation
Real Estate
Construction & Repair
Health & Wellness
Transportation & Logistics
Farming & Agriculture
Other
Please Select Your Province
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland & Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Built for Alberta
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Alberta
Built for British Columbia
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for British Columbia.
Built for Manitoba
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Manitoba
Built for New Brunswick
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for New Brunswick.
Built for Newfoundland and Labrador
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Newfoundland and Labrador.
Built for the Northwest Territories
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for the Northwest Territories.
Built for Nova Scotia
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Nova Scotia.
Built for Nunavut
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for Nunavut.
Built for Ontario
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Ontario.
Built for Prince Edward Island
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Prince Edward Island.
Built for Quebec
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Quebec.
Built for Saskatchewan
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Saskatchewan.
Built for the Yukon Territory
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for the Yukon Territory.
Partnership Details
Partnership Business Name
Phone
Email
Partnership Address:
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Partnership Details
Business Purpose
What are the usual business activities of the partnership?
Partnership Start Date
What is the start date for your partnership?
MM slash DD slash YYYY
Partnership Duration
The partnership will continue:
Indefinitely (until terminated by the partners)
Until a specified date (Fixed Term)
Fixed Term End Date:
MM slash DD slash YYYY
How Mnay Partner Do you need ?
2
3
4
5
First Partner
Type:
Individual
Business Entity
Company Name:
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Adding another partner is mandatory.
Yes
Second Partner
Type:
Individual
Business Entity
Company Name:
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
3rd Partner
Yes
No
Third Partner
Type:
Individual
Business Entity
Company Name:
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
4th Partner
Yes
No
Fourth Partner
Type:
Individual
Business Entity
Company Name:
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
5th Partner
Yes
Fifth Partner
Type:
Individual
Business Entity
Company Name:
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
First Partner's Contributions
Provide a description of each partner's capital contributions
Would you like to list this partner's capital contributions to the partnership?
No, Add later
Yes, List now
What is this partner contributing?
Contribution
Time and Effort
Cash
Other asset
How will the time and effort be spent?
Amount
What is the contribution?
Value
Second Partner Contributions
Provide a description of each partner's capital contributions
Would you like to list this partner's capital contributions to the partnership?2
No, Add later
Yes, List now
What is this partner contributing?
Contribution
Time and Effort
Cash
Other asset
How will the time and effort be spent?
Amount
What is the contribution?
Value
Add another contribution 2
No
Yes
Third Partner Contributions
Would you like to list this partner's capital contributions to the partnership?3
No, Add later
Yes, List now
What is this partner contributing?
Contribution
Time and Effort
Cash
Other asset
How will the time and effort be spent?
Amount
What is the contribution?
Value
Add another contribution 3
No
Yes
Fourth Partner Contributions
Would you like to list this partner's capital contributions to the partnership?4
No, Add later
Yes, List now
What is this partner contributing?
Contribution
Time and Effort
Cash
Other asset
How will the time and effort be spent?
Amount
What is the contribution?
Value
Add another contribution 4
No
Yes
Fifth Partner Contributions
Would you like to list this partner's capital contributions to the partnership?5
No, Add later
Yes, List now
What is this partner contributing?
Contribution
Time and Effort
Cash
Other asset
How will the time and effort be spent?
Amount
What is the contribution?
Value
New Partners
Will the partnership allow new partners to join in the future?
No
Yes
What vote is required to admit a new partner?
Unanimous (recommended)
Majority
Voluntary Withdrawal
What is the notice period required before a partner can withdraw?
Three months
Six month
One year
Two yeras
Will your partnership dissolve on withdrawal of any partner?
Yes
No
Duty of Loyalty
After a partner leaves, how long are they restricted from competing against the partnership?
Three months
Six month
One year
Two yeras
Dissolving the Partnership
What vote is required to dissolve your partnership?
Unanimous (recommended)
Majority
How will assets be distributed when the partnership dissolves?
Equal share for each partner
In proportional to capital contributions
Fixed percentage for each partner
What percentage of the final dissolution distribution will each partner receive?
First Partner's Share
%
Second Partner's Share
%
Third Partner's Share
%
Fourth Partner's Share
%
Fifth Partner's Share
%
The total shares should add up to 100%
Meetings
When will regular meetings be held?
Only as required
Weekly
Monthly
Quarterly
Who can request a special meeting?
Any partner
Majority of partners
Do not specify
Management Details
Who will be responsible for the day-to-day management of the partnership?
All partners
Managing partner
Major issues will still be determined with a vote of the partners.
Who will be the managing partner?
First partner
Second partner
Decideon on a later date
Who will be the managing partner?
First partner
Second partner
Third partner
Decideon on a later date
Who will be the managing partner?
First partner
Second partner
Third partner
Fourth partner
Decideon on a later date
Who will be the managing partner?
First partner
Second partner
Third partner
Fourth partner
Fifth partner
Decideon on a later date
How can the remaining partners remove a managing partner?
Unanimous vote
Majority vote
Contract Signing Authority
Who will be authorized to sign contracts?
Any partner
Partnership vote
Who will be authorized to sign contracts?
Managing partner
Any partner
Partnership vote
What vote will be required to bind the partners in contract?
Unanimous
Majority
Voting Requirements
How will partnership votes be determined?
Equal share for each partner
In proportional to capital contributions
In proportion to profit share
Business Decisions
What vote will be required to make significant business decisions?
Unanimous
Majority
Significant business decisions include all actions respecting the management, operation, and control of the partnership and its business.
Financial Decisions
What vote will be required to make financial decisions?
Unanimous
Majority
Financial decisions include distribution of profits, allocation of losses, and other financial matters the partners have to decide on.
Unanimous Consent
Which decisions will require the consent of all partners?
Assets
Unusual use or lending of partnership equipment
Selling a partnership asset over a certain value
$
e.g. 25,000
Debts and Expenses
Assuming new debts over a certain amount
Assuming new expenses over a certain amount
Assigning company cheque signatories
Releasing partnership claims
$
e.g. 25,000
$
e.g. 25,000
Employment
Hiring employees whose salary is over a certain amount
Firing employees
$
e.g. 25,000
Profit and Loss
How will profits and losses be distributed among the partners?
Equal share for each partner
In proportional to capital contributions
Fixed percentage for each partner
What is each partner's share of profit or loss?
First Partner's Share
%
Second Partner's Share
%
Third Partner's Share
%
Fourth Partner's Share
%
Fifth Partner's Share
%
The total shares should add up to 100%
Deadline for Contributions
When are the partners' initial contributions due?
Due Date:
Month
Month
1
2
3
4
5
6
7
8
9
10
11
12
Day
Day
1
2
3
4
5
6
7
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9
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11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Year
Year
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
1971
1970
1969
1968
1967
1966
1965
1964
1963
1962
1961
1960
1959
1958
1957
1956
1955
1954
1953
1952
1951
1950
1949
1948
1947
1946
1945
1944
1943
1942
1941
1940
1939
1938
1937
1936
1935
1934
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921
1920
Partners / Profit and Loss
How will your profits and losses be distributed?
Equal share
In proportion to capital contributions
Fixed percent
First partner's share of profit or loss
Second partner's share of profit or loss
Third partner's share of profit or loss
Fourth partner's share of profit or loss
Fifth partner's share of profit or loss
Remember: The total for all partners should equal 100.00%
Compensation
Will the partners be allowed to receive compensation for work they do for the partnership?
Yes
No
Do not include in the contract
Fiscal Year End
When will the partnership's fiscal year end be?
Month
Month
1
2
3
4
5
6
7
8
9
10
11
12
Day
Day
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Year
Year
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
1971
1970
1969
1968
1967
1966
1965
1964
1963
1962
1961
1960
1959
1958
1957
1956
1955
1954
1953
1952
1951
1950
1949
1948
1947
1946
1945
1944
1943
1942
1941
1940
1939
1938
1937
1936
1935
1934
1933
1932
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
1921
1920
Annual Reports
Cash flow statement
Balance sheet
Income statement
Profit and loss summary
The federal income tax report will be automatically included.
Alternative Dispute Resolution
Would you like to specify how the partnership will resolve disputes?
No
Yes
How will the partnership resolve disputes?
Mediation
Mediation, then arbitration
Arbitration
Who will pay the cost of mediation?
Who will pay the cost of mediation and arbitration, if applicable?
Who will pay the cost of arbitration?
Who will be the managing partner?
All partners equality
First partner
Second partner
Who will be the managing partner?
All partners equality
First partner
Second partner
Third partner
Who will be the managing partner?
All partners equality
First partner
Second partner
Third partner
Fourth partner
Who will be the managing partner?
All partners equality
First partner
Second partner
Third partner
Fourth partner
Fift partner
Additional Clauses
Would you like to include any additional terms?
Yes
No
Additional Clause
Additional Clause
No
Yes
Additional Clause
Signing Details
When will the partners sign this Partnership Agreement?
Unsure
Specify date
Date
Month
Day
Year
Will you have witnesses sign as well?
No
Yes
Total Payment:
Price:
Subtotal
Options
Total
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