A General Partnership Agreement, also known as business partnership or simply partnership agreement,  is a contract between two or more individuals or companies, which team up to carry on a trade or business. In most partnerships, each partner contributes money, labour, property, or skills to the partnership. In return, each partner is entitled to a share of the profits or losses of the business. The business profits (or losses) are usually divided among the partners based on the partnership agreement.

This Partnership Agreement stipulates the rights and responsibilities of each partner, specifies the ownership interest in the Partnership, defines the profit and loss distribution of each Partner, prepares the Partnership for common business scenarios, and includes other important rules as regards how the Partnership will be managed.

This document can either be created at the commencement of a new business or as the binding document of an already existing business to assist the partners clarify how the Partnership should operate.

1. Name and domicile
2. Purposes
3. Duration of agreement
4. Classification and performance by partners
5. Contribution
6. Management of the partnership
7. Dissolution and termination of the partnership
8. Business expenses
9. Meetings
10. Authority
11. Separate debts
12. Books and records
13. Accounting
14. Profits and losses
15. Advance drawsy

16. Salary
17. Retirement
18. Rights of continuing partners
19. Death of partner
20. Employee management
21. Release of debts
22. Covenant against revealing trade secrets
23. Additional contributions
24. Additions, alterations, or modifications
25. Notices
26. Headings
27. Entire agreement
28. Resolution of disagreement
29. Applicable law and competent jurisdiction
30. Language

Signatures