JOINT PARTNERSHIP AGREEMENT

This JOINT PARTNERSHIP AGREEMENT (the AGREEMENT) is entered into [DATE], by and
between [PARTY 1.FirstName] [PARTY 1.LastName], on behalf of [PARTY
1.Company], [PARTY 1 ADDRESS], and [PARTY 2.FirstName] [PARTY 2.LastName], on
behalf of [PARTY 2.Company], [PARTY 2 ADDRESS].

Hereafter, both of the above PARTIES shall be referred to as either the PARTIES or
PARTNERS, interchangeably, for the purposes of the AGREEMENT.

In accordance with the terms, conditions, and covenants of this AGREEMENT, the PARTNERS
shall:
1. Form a joint PARTNERSHIP (the JOINT PARTNERSHIP) for the purpose of:
[DESCRIPTION OF BUSINESS]
2. The EFFECTIVE DATE of the AGREEMENT shall be: [EFFECTIVE DATE]
3. The duration (the TERM) of the JOINT PARTNERSHIP shall be: [DURATION]
4. The CAPITAL of the JOINT PARTNERSHIP shall total: [CAPITAL AMOUNT]
The FIRST PARTY shall contribute: [PARTY 1 CONTRIBUTION]

The SECOND PARTY shall contribute: [PARTY 2 CONTRIBUTION]

The CAPITAL funds are to be deposited in a SPECIAL ACCOUNT at [BANK], of [CITY], and
are to be distributed immediately, upon the signatures of the representatives of the PARTIES.
1. Upon the satisfaction of the TERM of the JOINT PARTNERSHIP, the profit/loss shall be
evenly tendered by/to the PARTIES through the SPECIAL ACCOUNT, which shall also be
used to pay all outstanding debts owed as a result of the JOINT PARTNERSHIP,
immediately, at such a time.
2. Neither of the PARTIES shall be held accountable for more any liabilities, other than those
resulting from his/her CAPITAL investment, as permitted by LAW.
3. [PARTNERSHIP MANAGER NAME] shall act as PARTNERSHIP MANAGER, and be
charged with the management of the business. The PARTNERSHIP MANAGER shall see
to the day-to-day operation and function of the PARTNERSHIP, and shall report directly to
the PARTNERS, collectively.
4. The PARTNERSHIP MANAGER shall be removed from liability in any act, rendered in good
faith, in the course of executing his/her duties, except if such behaviour shall be determined
to be grossly negligent or wilfully disruptive or damaging to the business of either of the
PARTNERS, their organizations, employees, customers, agents, or affiliates.
5. The PARTNERSHIP MANAGER shall conduct regular reporting and meetings, in-person or
 otherwise, at the will of those signed herein, with the PARTIES at regular intervals
of [INTERVAL DURATION].
6. The PARTNERSHIP MANAGER shall see to the maintenance of records and books of all
transactions relating to the AGREEMENT, to be stored at [LOCATION OF RECORDS].
7. The PARTNERS shall conduct semi-annual audits of all records and books relating to the
PARTNERSHIP, at a time of their determination. The PARTNERSHIP MANAGER shall be
responsible for making available all records and books at the time of audit.
8. The JOINT PARTNERS shall be bound only to those actions pertaining to the discharge of
the business described in this AGREEMENT. The PARTIES shall not be construed as
general partners, agents, or employees of each other, respectively, beyond the terms of
this AGREEMENT. Both PARTIES reserve the right to examine, audit, or otherwise request
documents pertaining to the JOINT PARTNERSHIP at will.
9. This JOINT PARTNERSHIP AGREEMENT shall not be amended, altered, or revised
without the prior writer consent of the PARTNERS.
10. This AGREEMENT shall be governed in accordance with the LAWS of[STATE].
11. In all cases, any correspondences, notices, or other documents pursuant to this
AGREEMENT, for the duration of its TERM, shall be addressed to the respective addresses
of record for both PARTIES.
12. This AGREEMENT shall constitute the entire agreement between the PARTIES. No
preceding agreement may supersede this JOINT PARTNERSHIP AGREEMENT, and no
subsequent agreement shall become binding unless both PARTIES agree, in writing.
13. Unresolved disputes resulting from the JOINT PARTNERSHIP shall go to mediation before
arbitration.
14. This AGREEMENT may be terminated upon the written agreement of the PARTNERS.
Each PARTNERSHIP is obligated by this AGREEMENT to give the other PARTNERSHIP
written notice of their desire to terminate the PARTNERSHIP, no fewer than [DAYS] days
from the proposed termination date.
15. In the event that either PARTNER should become insolvent, incapacitated, barred from
operation, found in breach of any LAWS, civil or criminal, or in any way unable to fulfil its
obligations in the PARTNERSHIP, this AGREEMENT shall be rendered null and void.

HERE SIGNED:

[PARTY 1.Company]

_______________________________ ________________
[PARTY 1.FirstName] [PARTY 1.LastName]
[PARTY 1 TITLE]

[PARTY 2.Company]

_______________________________ ________________
[PARTY 2.FirstName] [PARTY 2.LastName]
[PARTY 2 TITLE]

_______________________________ ________________
[WITNESS 1.FirstName] [WITNESS 1.LastName]

_______________________________ ________________
[WITNESS 2.FirstName] [WITNESS 2.LastName]