Partnership Agreement

Pricing: $995

Delivery Timeline: 72 hours

A Partnership Agreement is a legal contract between two or more business entities. Partnership agreements include the terms agreed upon by both the partners and their share in the partnership. It is used:

  1. To establish the responsibilities and profit or loss distribution of each entity.

  2. o determine the rules about the general partnership, like withdrawals, capital contributions, financial reporting, etc.


Lawyak provides business owners with a quick and stupendous way to procure legal documents and services at the click of a mouse. We deliver on time support service that is tailored to your business requirements.  


At Lawyak, we understand the urgency to deliver an efficient and quick service, keeping the peculiarities of our client in mind. We have a team of devoted professionals to explain the smallest details of the agreement clauses precisely. It is our duty to ensure that our clients do not face any difficulties later and run into any misunderstandings during their partnership.


What Does Partnership Agreement Include?

Our legal team will design your partnership agreement by including the following information:

  1. Capital Contribution – This specifies the percentage of ownership of each partner based on their capital contribution.

  2. Profit and Loss Distribution – As agreed by partners, gains and losses will be determined. The distribution can be a fixed percent for each partner, equal share, or share of profits and losses dependent on how much each partner has invested.

  3. Management and Voting – Partnerships can be managed by a designated managing partner, through majority voting, or by unanimous by all partners.

  4. Partnership Tax Elections – Partnership agreements should address certain tax elections and choose a partner for the role of partnership representative. Lawyak's team of expert lawyers explain the policies allowing you to customize your document with utmost precision.

  5. Partnership Withdrawal – If the partnership agreement permits withdrawal, one of the partners may amicably exit so long as they are adhering to the notice period, and other terms specified in the contract.

  6. Partnership Termination – This indicates how asset distribution works in the event of termination.


Why Lawyak?


Our promise to you:

  1. Conveying legal advises and services catering to your needs

  2. Providing our services efficiently to give you the result you have been anticipating

  3. Keeping you well-versed on the change of affairs

  4. Understanding your concerns and providing solutions to all the problems that you may face during the process

  5. viding services at a reasonable cost

  6. With Lawyak, you get access to most requested legal services and documents right from your computer or your phone.


At Lawyak, we understand every client has different requirements and our professionals help you out accordingly. We provide individuals with a fast and assiduous service to procure legal documents that are personalized to your needs and requirements.

If you are looking for quick and affordable legal services, then get in touch with Lawyak.

©2018 by Lawyak. Website & Marketing By Rapid Boost Marketing

©2018 by Lawyak. Website & Marketing By Rapid Boost Marketing

Address: Prowse Chowne LLP

#1300 Phipps-McKinnon Bldg.

10020 – 101A Avenue Edmonton, Alberta          

Canada T5J 3G2

Phone No:     866-881-2462

Fax:                  780 439 0475


Office Time:  Monday to Friday: 8:30 am – 5:00 pm

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