Partnership Agreement Template
Standard business partnership contract outlining ownership ratios, capital investment, and exit terms. Adjust fields in the controller to customize variables dynamically. Open in our visual tiptap document workspace to edit text blocks, trigger AI assistant rewrites, and export as PDF/Word.
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PARTNERSHIP AGREEMENT
This Partnership Agreement is made between Erlich Bachman and Richard Hendricks to establish and operate Jenkins Digital Studio as a general partnership.
Partners
Partner 1: Erlich Bachman, Palo Alto, CA — 50% ownership stake
Partner 2: Richard Hendricks, Palo Alto, CA — 50% ownership stake
1. The Business
The partnership will operate as Jenkins Digital Studio at 456 Commerce Blvd, Suite 200, Austin, TX 78701 in the Software & Technology Incubator sector.
2. Capital Contributions
$100,000.00 total initial capital contribution ($50,000.00 per partner) Additional capital calls require the consent of both partners.
3. Profits & Losses
Profits and losses split 50/50, paid out quarterly.
4. Duties & Decision-Making
Responsibilities: Erlich manages branding and relations; Richard handles tech development.. Decision-making: All major business expansion decisions require unanimous partner consent..
5. Withdrawal & Dissolution
A partner may sell their shares back to the partnership or to an approved buyer.
Signatures
Partner 1: Erlich Bachman
Partner 2: Richard Hendricks
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