Prepared by: Prepared for:

[Partner A.FirstName] [Partner A.LastName] [Partner [PartnerB.FirstName] [PartnerB.LastName]

A.Company] [PartnerB.Company]
 This paid community partnership
agreement, entered into on
[Document. Create date] is by and
between the following entities:

[Partner A.Company] [PartnerB.Company]

[Partner A.StreetAddress] [Partner A.City] [Partner A.State] [PartnerB.StreetAddress] [PartnerB.City] [PartnerB.State]
[Partner A.PostalCode] [PartnerB.PostalCode]
[Partner A.Phone] [PartnerB.Phone]

These two partners hereby form a Paid community

partnership, known as [Partnership.Company] or simply “The
Partnership.” The principal location of the Partnership shall
be as follows: [Partnership.StreetAddress] [Partnership.City]
[Partnership.State] [Partnership.PostalCode]
[Partnership.Phone]

The Partnership shall commence as of the date of this small

business partnership agreement, and shall continue until
cancelled pursuant to the full terms of this agreement.

Each of the listed partners shall contribute capital to the

Partnership as listed below. These shall be regularly
balanced in accordance with each partner’s share of the
Partnership’s profit and loss.
All net profits from the Partnership shall be equally shared
amongst the partners. In addition, any net losses shall be
jointly shared by the partners in a fair and equitable
manner.

The Partners’ capital contributions shall not bear interest.

The Partners shall equally share responsibility for managing

the Partnership. As such, the Partners agree not to enter
into additional partnerships, borrow or lend money, or enter
into any contract or business position without consent from
one another.

All funds belonging to the Partnership shall be deposited

and held at [Partnership.Bank] in an account under the
Partnership’s name.

The Partnership’s financial records shall be fully

documented and maintained. These records shall be
maintained on a fiscal year basis, with the Partnership’s
fiscal year beginning as of the month of this paid community
partnership agreement. A thorough audit of the
Partnership’s financial records shall be conducted by a third
party once per fiscal year.

The Partnership may be terminated at either time by either

partner. In the event that one or both Partners wish to
cancel this paid community partnership agreement, all of
the Partnership’s assets shall be promptly liquidated. After
resolving any debts, each partner shall receive their share
of the Partnership’s final net profits in accordance with their
respective shares in the Partnership.

The death of either Partner shall grant the surviving partner

the right to purchase the other Partner’s interest in the
Partnership or dissolve the Partnership entirely at their
discretion.

Any disagreements or claims related to the Partnership or

this small business partnership agreement shall be resolved
via neutral arbitration in [Partnership.Country] county,
[Partnership.State].
Both parties agree that all information exchanged during the
course of the contract will be treated as confidential. The
partners assert and affirm to each other that each partner
will take credible measures and all reasonable effort to ensure
that such information remains withheld from the general
public.
Confidential information does not include information that
has been revealed to the public by the consent of both
partners. Any information about the work processes, patents,
workflows, and industry secrets, will be treated as
confidential.

If any partner wishes to modify or terminate any part of the

contract, or make any changes to any existing business
operations, they must let the other partner know in writing.
The modification/termination will not be considered valid
unless it has the agreement of both partners.

All partners agree that they will, to the best of their ability,
make a reasonable effort to ensure that they consistently
create work they are proud of. This is not only limited to
the work they produce for [Partnership.Company], but also a
code of conduct to be followed in the way they present
themselves in front of the public.

Dissolution of the Partnership may occur once all partners

agree to dissolve the Partnership, or at the end of the
stipulated term of this Partnership, should an end date be
part of this agreement. Any assets and liabilities arising
from the dissolution will be shared equally between both
partners.

If any part of this agreement is considered null and void (for

any and all reasons), the rest of the agreement will still be
considered enforceable.

In case of any disputes between parties, all parties agree to

peacefully and amicably reach a settlement. If no settlement is
reached, or if a settlement amount isn’t agreed upon by both
parties, one party or both parties may seek legal recourse in a
court of law in [Partnership.County], [Partnership.State].
 Each partner agrees that all losses or liabilities, just like
assets and profits, will be divided equally among each
partner. Each business partner will routinely undertake a
plan of action on how to mitigate liabilities, losses, and
overall risk.

Each partner agrees to accept all terms and

conditions mentioned in this agreement, and give
their consent to move forward, without needing any
modifications in the agreement.

By signing below, the listed individuals certify that they have full
authority to represent the partners to this agreement, and hereby
enter into this paid community partnership agreement.

[Partner A.Company] [PartnerB.Company]

[Partner A.FirstName] [.LastName] [PartnerB.FirstName] [PartnerB.LastName]