General Partnership Agreement Template – Canada

The General Partnership Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. These templates are fully customizable and ready for print, tailored to best suit your requirements.


Sample

General Partnership Agreement Template – Canada

Editable – Printable



1. Parties Involved



2. Purpose of the Partnership

3. Responsibilities of Partners

4. Capital Contributions

5. Profit and Loss Distribution

6. Duration of Partnership

7. Termination Conditions

8. Dispute Resolution

9. Governing Law

10. Signatures and Acceptance




PDF


WORD

Examples


General Partnership Agreement Template – Canada (1)
Between:
[Partner 1’s Name]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Partner 2’s Name]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
Introduction:
This General Partnership Agreement (“Agreement”) establishes the rights and obligations of [Partner 1’s Name] and [Partner 2’s Name] in the partnership for the purpose of carrying on a business.
Clause 1: Name of the Partnership
The business will be conducted under the name of [Partnership Name], hereinafter referred to as the “Partnership.”
Clause 2: Purpose
The Partnership is established for the purpose of [describe the business activities], and any other lawful business activity agreed upon by the Partners.
Clause 3: Contributions
Each Partner shall make initial contributions as follows:
– [Partner 1’s Name]: [Contribution Amount and Description]
– [Partner 2’s Name]: [Contribution Amount and Description]
Clause 4: Profit and Loss Distribution
Net profits and losses of the Partnership shall be distributed equally among the Partners unless otherwise agreed in writing.
Clause 5: Management and Authority
Each Partner shall have equal rights in the management of the Partnership, and any decision shall require the agreement of both Partners.
Clause 6: Termination
The Partnership may be terminated by either Partner with [Notice Period] written notice, or immediately in case of breach of this Agreement.
Clause 7: Governing Law
This Agreement shall be governed by the laws of the Province of [Province Name], Canada.
Signed in [City], [Date].
Sincerely,
[Partner 1’s Signature]
[Partner 1’s Name]
[Partner 2’s Signature]
[Partner 2’s Name]
General Partnership Agreement Template – Canada (2)
Between:
[Partner 1’s Name]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Partner 2’s Name]
[Partner 2’s Address]
[Partner 2’s Phone]
[Partner 2’s Email]
Introduction:
This General Partnership Agreement (“Agreement”) is made to set forth the terms under which [Partner 1’s Name] and [Partner 2’s Name] shall operate as partners in the business of [business description].
Clause 1: Name of the Partnership
The name of the Partnership shall be [Partnership Name], which shall be registered as applicable.
Clause 2: Purpose
The Partnership is formed for the purpose of conducting [detailed description of the partnership’s business activities].
Clause 3: Financial Contributions
The Partners agree to make financial contributions as follows:
– [Partner 1’s Name]: [Description of Contribution and Amount]
– [Partner 2’s Name]: [Description of Contribution and Amount]
Clause 4: Allocation of Profits and Losses
Profits and losses will be allocated in proportion to the Partners’ contributions, unless both Partners agree otherwise.
Clause 5: Decision Making
Decisions affecting the Partnership shall require the consent of both Partners, and each Partner shall have a vote.
Clause 6: Withdrawal or Addition of Partners
Any existing Partner may withdraw from the Partnership with [Notice Period] written notice and must adhere to the exit terms as specified in this Agreement.
Clause 7: Governing Law
This Agreement shall be governed by the applicable laws of the Province of [Province Name], Canada.
Signed in [City], [Date].
Sincerely,
[Partner 1’s Signature]
[Partner 1’s Name]
[Partner 2’s Signature]
[Partner 2’s Name]

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General Partnership Agreement Template - Canada