What should ownership and profit split terms cover?

Each partner's ownership percentage and how profits (and losses) are divided — ideally specified clearly enough to avoid ambiguity if the business's fortunes change.

Does it cover what happens if a partner wants to leave the business?

Exit and buyout terms are an important section to include — defining this upfront avoids a much harder negotiation if a partner actually wants to leave later.

Is a generated agreement enough for a significant business partnership?

It's a solid starting point for defining terms partners can discuss and agree on — for significant equity stakes or complex arrangements, a lawyer's review is a reasonable investment.

Does Partnership Agreement Generator upload my files to a server?

No. Partnership Agreement Generator runs entirely in your browser using on-device processing, your files never leave your device.

Partnership Agreement Generator

Generate a business partnership agreement covering ownership, profit split and roles.

Runs in your browser

Partner A

Partner B

Business name

Partner A ownership %

Partner B ownership %

Roles & responsibilities

Governing law

Generated Agreement

BUSINESS PARTNERSHIP AGREEMENT

This Partnership Agreement ("Agreement") is entered into as of August 28, 2026, by and between:

[Partner A] ("Partner A")
and
[Partner B] ("Partner B")

for the purpose of operating a business under the name "[Business Name]" (the "Partnership").

1. Ownership & Profit Split
Partner A shall hold 50% ownership and Partner B shall hold 50% ownership. Profits and losses shall be shared in these same proportions unless otherwise agreed in writing.

2. Roles & Responsibilities
[describe each partner's roles and responsibilities]

3. Capital Contributions
Each partner's initial capital contribution shall be documented separately and recorded in the Partnership's books.

4. Decision Making
Major decisions affecting the Partnership shall require agreement from both partners. Day-to-day decisions may be made by the partner responsible for that area per Section 2.

5. Withdrawal & Dissolution
Either partner may withdraw with reasonable written notice. Upon dissolution, assets and liabilities shall be distributed according to each partner's ownership percentage after outstanding debts are settled.

6. Dispute Resolution
The partners agree to attempt good-faith negotiation before pursuing mediation or legal action for any dispute arising from this Agreement.

7. Governing Law
This Agreement shall be governed by the laws of [Governing Jurisdiction].

IN WITNESS WHEREOF, the partners have executed this Agreement as of the date first written above.

[Partner A]                                    [Partner B]

_______________________              _______________________
Signature                             Signature

---
This is a template generated for convenience and does not constitute legal advice. Have it reviewed by qualified legal counsel before use.

About this tool

Starting a business with a partner without a written agreement on ownership split, profit division and each person's role is a common and often costly mistake — verbal understandings don't hold up when circumstances change or memories differ later. This tool generates a business partnership agreement covering ownership, profit split and roles, giving partners a documented starting point for terms that are far easier to agree on before the business is running than after a disagreement arises.

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