Professional legal document template with sample data
This Partnership Agreement (the "Agreement") is entered into on October 24, 2025 between the following parties who agree to form a partnership under the name Creative Design Partners (the "Partnership").
The partnership shall be known as Creative Design Partners.
The partners in this Agreement are:
Michael Chen (Lead Designer, 50%), Lisa Rodriguez (Marketing Director, 30%), David Kim (Operations Manager, 20%)
The principal place of business shall be:
456 Creative Avenue, Portland, OR 97201
The partnership business shall be:
Graphic design services, brand development, and creative consulting for small to medium businesses
The partnership shall continue for 5 years with automatic renewal option until dissolved in accordance with this Agreement or by operation of law.
The partnership shall commence on October 24, 2025.
The fiscal year of the partnership shall be the calendar year.
The partnership shall maintain accurate books and records at its principal place of business. Each partner shall have access to inspect such records during reasonable business hours.
Each partner's capital contributions are as follows:
Michael: $25,000 cash + design equipment; Lisa: $15,000 cash + client portfolio; David: $10,000 cash + operational systems
Additional capital contributions may be required only with the unanimous written consent of all partners.
Profits and losses shall be distributed Profits distributed according to ownership percentages after operating expenses among the partners.
Distributions shall be made quarterly unless all partners agree otherwise in writing.
Each partner shall have equal rights in the management and conduct of partnership business, unless otherwise agreed upon in writing.
Each partner has the authority to bind the partnership in the ordinary course of business.
Major decisions affecting the partnership shall require unanimous consent of all partners.
The partnership shall be dissolved upon:
The undersigned partners execute this Agreement as of the date first written above.
Print Name: _______________________________
Date: ____________________________________
Print Name: _______________________________
Date: ____________________________________
Print Name: _______________________________
Date: ____________________________________
This document is generated by DocGen Pro and is for informational purposes only. It is not a substitute for professional legal counsel. Always consult a qualified attorney. Generated on October 24, 2025.