Partnership Agreement (General)

A Partnership Agreement (General) governs the relationship between all the partners involved in your business.

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Last updated October 23, 2025

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Suitable for Australia

Partnership Agreement (General)

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What is a partnership agreement (general)?

A partnership agreement (general) is a legal document that sets out the rights, duties, and responsibilities of individuals entering into a business partnership together in Australia.
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When should you use a partnership agreement (general)?

Use a partnership agreement when two or more individuals are starting or operating a business together and want to formally outline how the partnership will be managed and governed.
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What should be in a partnership agreement (general)?

It should include partner names, business details, profit and loss sharing, decision-making processes, dispute resolution, rules for admitting or removing partners, and procedures for ending the partnership.
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Frequently asked questions

Who is this agreement suitable for?

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What protections does this agreement provide?

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What are the main limitations of this document?

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How does this agreement handle new or departing partners?

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Is this agreement valid across all Australian states and territories?

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How quickly can I complete this agreement?

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What steps should I take after signing the agreement?

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View Sample Partnership Agreement (General)

Partnership Agreement (General)
risk level indicator at Medium level

The Legal Risk Score of a Partnership Agreement (General) Template is Medium

Our legal team have marked this document as medium risk considering:

  • Partnerships are flexible business structures.
  • The agreement does not specify the exact financial contributions required from each partner at the outset, which could lead to financial misunderstandings or disputes as the business progresses.
  • Admitting new partners or handling the exit of existing ones could disrupt the business's operations and might affect the partnership's stability and continuity.

Users familiar with partnership dynamics will appreciate the document's comprehensive coverage of various scenarios, though they should be prepared for the potential complexities and shifts that such flexibility entails.

Meet Our Users

Articles about Partnership Agreement (General)

What is a Partnership Agreement?
By Dominic Woolrych|Dec 14, 2016

What is a Partnership Agreement?

Want to start a partnership? Protect your interests with a partnership agreement. 

5 Things To Look For in a Partnership Agreement
By Alex Hatzikalimnios|May 11, 2020

5 Things To Look For in a Partnership Agreement

Thinking about entering into a business partnership? Find out why having a partnership agreement is important and 5 things to look out for.

Does A Partnership Agreement Have To Be In Writing?
By Lola Chang|Aug 12, 2019

Does A Partnership Agreement Have To Be In Writing?

Think that a partnership is what your business needs, but unsure of whether a partnership agreement has to be in writing? Read on to find out.

How to Negotiate a Partnership Agreement
By Sharlene Han|Feb 25, 2016

How to Negotiate a Partnership Agreement

Negotiating a Partnership Agreement? Here are some tips to consider to ensure the protection of you and your business.

Key Considerations for Drafting a Partnership Agreement
By Sharlene Han|Nov 21, 2025

Key Considerations for Drafting a Partnership Agreement

Thinking of drafting a Partnership Agreement? Here are the things you need to include to protect yourself and your business.

Partner Breached a Partnership Agreement?
By Natalie Ho|Dec 2, 2025

Partner Breached a Partnership Agreement?

A partnership agreement is the foundation of a business partnership. Find out what options are available if your partner breaches a partnership agreement.

How Are Partnerships Taxed?
By Tom Willis|May 6, 2019

How Are Partnerships Taxed?

A necessary question to ask for someone who wants to start a partnership is how much tax will I pay? This article outlines what you will be taxed.

3 Steps to a Successful Business Partnership
By Jackie Olling|Dec 4, 2025

3 Steps to a Successful Business Partnership

Thinking of establishing a Business Partnership? Read on to find out how to maximise your chances of having a successful one.

How To Create A Partnership Agreement (2025 Update)
By Dominic Woolrych|Jan 5, 2025

How To Create A Partnership Agreement (2025 Update)

A Partnership Agreement sets out all the key terms of a business partnership. Find out how to create a Partnership Agreement here.

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