Partnership Agreement Generator

For a general partnership under the Partnership Act 1890. Every partner has unlimited personal liability for partnership debts — this document does not and cannot limit that.

Business

Business name

What does the business do?

Principal place of business (optional)

Commencement date

PartnersTotal share: 100%

Partner 1

Name

Address

Capital contribution

Profit / loss share (%)

Partner 2

Name

Address

Capital contribution

Profit / loss share (%)

Decision-making & accounts

Major decisions require

What counts as a major decision? (optional)

Drawings arrangement (optional)

Accounting year end

Bank account signatories (optional)

Admitting a new partner requires

If a partner leaves

By default under the Partnership Act 1890, a partnership dissolves entirely when any partner retires, is expelled, or dies — this choice overrides that default.

When a partner leaves, retires, or dies

How is the departing partner's share valued for buyout?

Other terms

Dispute resolution (optional)

Include a restrictive covenant on departing partners

Anything else? (optional)

Governing law