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Partnership Agreement (Two Companies)

This Partnership Agreement governs the relationship between two companies that are partners.
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Document Overview

This Partnership Agreement governs the relationship between two companies that are partners.

If your business structure is a partnership, it is subject to the regulations within the Corporations Act 2001 (Cth). However, within the scope of the law the partners are free to decide upon:

  • termination;
  • dispute resolution; and
  • decision-making.

A corporate person or a company as partner has the same rights and obligations as a natural person who is a partner. For a partnership agreement tailored for partners who are individuals, see:

Precedent includes a guarantee

This precedent incorporates a guarantee provided by representatives of the partners for the performance of obligations under this agreement. The guarantee provided is simple, as this is a precedent, but might need to be customised based on the customised requirements of the parties forming a partnership.

What does the Partnership Agreement cover?

  • Partnership name and business address;
  • Names of the partners;
  • Maintenance of the Partnership account;
  • Duties and limitations of each partner;
  • Sharing of capital and property, profit or losses;
  • Operation of partner’s shares;
  • Insurance;
  • Rules governing dissolution of the Partnership; and
  • Dispute resolution.

Further information:

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