Partnership agreement template
The best time to write a partnership agreement is while everyone still gets along. It answers the questions nobody wants to raise over coffee: what happens if one of you leaves, who decides what, and how the money is split.
Describe the arrangement and Adehun will draft it, including vesting and deadlock provisions that partners often overlook until it's too late.
Free to start · No card required · The other party doesn't need an account
What this agreement covers
- Contributions and equity
- What each partner puts in — cash, assets, time, IP — and the resulting ownership split.
- Vesting
- How equity is earned over time, and the cliff before any of it vests. The clause that protects everyone from an early departure.
- Roles and commitment
- What each partner is responsible for and how much time they will give the venture.
- Decision-making
- Which decisions need unanimity, which need a majority, and how deadlock is broken.
- Profits and drawings
- How profits are shared and what partners may draw before distribution.
- Exit and transfer
- What happens to a departing partner's stake, and any right of first refusal on a sale.
When you need one
- Two or more co-founders starting a venture
- Bringing a new partner into an existing business
- Formalising a working arrangement built on a handshake
- Joint ventures between businesses on a shared project
From description to signed, in one sitting
- 1
Describe it
Tell Adehun what you're agreeing to, in plain language.
- 2
Refine it
Edit any clause, or ask the AI to redraft just that one.
- 3
Sign and send
Sign it yourself, then email the other party a private link.
- 4
They sign
Or they propose changes. Both signatures done, everyone gets the PDF.
Partnership agreement questions
Four years with a one-year cliff. Nothing vests for the first year, then a quarter vests at the twelve-month mark and the remainder monthly thereafter. It is the widely understood default and rarely needs justifying.
Not necessarily. Equal splits are simple but can be unfair where contributions, capital or risk differ materially. What matters more than the ratio is that it is agreed explicitly and written down before there is anything worth arguing over.
Decide the mechanism in advance — a casting vote, an independent third party, mediation, or a buy-sell provision where one partner names a price and the other chooses to buy or sell at it. Any of these beats discovering you have no mechanism at all.
Related agreements
Non-disclosure agreement
Create a non-disclosure agreement in plain language, edit every clause, and collect legally binding e-signatures.
Consulting agreement
Generate a consulting agreement with scope, deliverables, fees and exit terms.
Tenancy & lease agreement
Create a residential or commercial tenancy agreement — rent, deposit, duration, repairs and renewal.
Draft your partnership agreement now
Describe it in a sentence or two. You'll have a full draft in about a minute, and you can change every word of it.
Start free