A Partnership Agreement defines the terms of business between two or more partners, ensuring clarity on roles, responsibilities, contributions, and profit sharing. Without it, partnerships risk disputes that can destabilise or dissolve the business.
This contract sets out how the business will be run, what happens if a partner leaves, and how disputes or new partners will be handled. It offers certainty and protection from day one.
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A clear, practical partnership contract template for UK businesses. This document helps business partners set out how their business will be run, how profits will be shared, and what happens if a partner leaves or a dispute arises.
A written partnership agreement gives each partner a clear record of their rights and responsibilities. It can help prevent confusion, protect the business, and support a stronger working relationship from the start.
Download your partnership agreement template today
A partnership contract template is a legal document used by two or more people who want to run a business together. It sets out the main rules for the partnership. Including each partner’s role, how money is handled, and how important decisions are made.
In the UK, business partners can be personally responsible for business debts, losses and bills. Partners also share the profits and pay tax on their own share. A written agreement helps make these arrangements clear from the beginning.
Without a written agreement, your partnership may be governed by default rules under the Partnership Act 1890. These rules may not reflect how you actually want the business to operate. For example, the default position is that partners share equally in capital, profits and losses, unless agreed otherwise.
This contract template is designed for people setting up or running a business partnership in the UK. It may be useful for:
It is especially useful where partners are contributing different amounts of money, time, skill or equipment. A written agreement allows you to record those differences clearly.
A partnership can start informally, but informal arrangements often lead to problems later. Verbal agreements can be hard to prove. They can also leave gaps around money, workload, decision-making and what happens when someone wants to leave.
A written partnership agreement helps by setting out:
This gives all partners a shared point of reference and can reduce the risk of future issues.
If you do not have a written partnership agreement, the law may apply default rules to your business relationship. These rules may not suit your business.
For example, under the Partnership Act 1890, partners are generally entitled to share equally in capital and profits, and must contribute equally to losses. Unless there is a different agreement in place.
This may be unfair if one partner invested more money, works longer hours, or takes on more responsibility. A written partnership contract lets you create terms that better reflect your real arrangement.
Our partnership contract template is designed to give UK business partners a clear starting point. It helps you avoid vague arrangements and gives you a structured document you can adapt to your business.
It is:
This template can help you put important terms in writing before issues arise.
Put clear terms in place before problems arise. Our partnership agreement template helps you record how your business will be run, how profits will be shared, and what happens if circumstances change.
Download your partnership template today and create a clearer foundation for your business partnership.