This partnership deed can be used to draft for establishing a general partnership for five parties under the law of a specified jurisdiction. This deed is drafted to impose looser / lighter obligations on the parties.
This deed provides a basic partnership framework only.
A deed must be witnessed by another person over the age of 18 and the witness cannot be a party to the deed.
A Partner shall be entitled at any time to transfer all (but not some only) of its Partnership Interest to an Affiliate provided that the condition set out in clause 16.7 applies equally to any such transfer.
This document should be carefully read by the Partners in the proposed partnership.
Partners who wish to establish the partnership should complete their personal and business information as much as they could.
Please provide the territory / jurisdiction where the partnership will be formed, the name of the partnership, and the purpose of business of the partnership in creating this Deed. The initial capital contribution from each partner and property and assets initially owned by the partnership should also be indicated.
Create Document: Click “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.
When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.