(England & Wales)
Create your partnership agreement with profit sharing, capital contributions, decision-making authority, and exit provisions.
Professionally drafted — structured following the Partnership Act 1890 for England and Wales.
Download a professionally drafted partnership agreement template for UK business partners. Also known as a business partnership deed or partnership deed. Covers capital contributions, profit and loss sharing, management duties, decision-making, new partner admission, partner retirement and expulsion, dissolution procedures, and dispute resolution. Without a written agreement, the Partnership Act 1890 default rules apply — including equal profit sharing regardless of contribution. Structured following the Partnership Act 1890 for England and Wales.
Whether you prefer step-by-step guidance or a traditional form, both methods produce the identical professionally-formatted partnership agreement. Choose the style that suits you.
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Essential for any two or more people going into business together — protects all partners and avoids costly disputes.
Protect your business and your relationships with clear, written terms
Without an agreement, the Partnership Act 1890 defaults apply — equal shares regardless of who contributed what. Your agreement specifies the split you actually want.
What happens if a partner wants out? Dies? Goes bankrupt? Your agreement provides clear procedures instead of expensive legal battles.
Disagreements happen. Your agreement specifies how decisions are made, what requires unanimous consent, and how disputes are resolved.
A partnership agreement — also called a partnership deed — is a legally recognised contract that defines how business partners share profits, make decisions, and resolve disputes, overriding the default rules of the Partnership Act 1890.
A partnership agreement is a contract between two or more people who agree to carry on a business together with a view to profit. It sets out how the partnership will operate, how profits and losses are shared, and what happens when partners join, leave, or the partnership ends.
Without a written agreement, the Partnership Act 1890 defaults apply — which may not be what you want.
Without a written partnership agreement, the Partnership Act 1890 default rules apply — meaning profits are split equally regardless of investment, any partner can bind the business to contracts, and dissolution requires court involvement.
A written agreement with clear terms helps avoid these costly problems.
This partnership agreement template covers capital contributions, profit and loss allocation, management duties, decision-making authority, drawings and salary provisions, new partner admission, retirement and expulsion procedures, dissolution terms, and dispute resolution.
Related documents: Partners starting a business typically also need Shareholders Agreement (if incorporating), NDA, and Business Plan.
Common partnership agreement mistakes include failing to address unequal contributions, omitting death or incapacity provisions, not defining decision-making authority, and relying on verbal agreements that leave partners exposed to Partnership Act 1890 default rules.
Our template addresses all these issues with clear, professionally drafted terms.
Yes. When signed by all partners, this agreement creates a legally recognised contract under UK law.
It supersedes the default Partnership Act 1890 rules and will be recognised by UK courts.
Partnership agreements are widely used across the UK to establish clear business terms.
Yes. Unlike the Partnership Act 1890 default (equal shares), our template allows you to set any profit/loss ratio you agree on — whether 50/50, 60/40, 70/30, or any other split.
You can also have different ratios for profits vs losses, and different ratios for different partners.
Our agreement includes provisions for admitting new partners, including the process, required consents, and how the new partner's capital contribution and profit share are determined.
All existing partners must typically consent unless you specify otherwise in the agreement.
Ordinary partnerships don't register with Companies House.
You only need to register with HMRC for Self Assessment and notify them of the partnership within 3 months of starting.
If you're forming an LLP (Limited Liability Partnership), you must register with Companies House separately.
Many complete standard partnership agreements without a solicitor. Our template is based on UK partnership law and includes all essential clauses.
Consider solicitor review if: international partners, large capital investments (£100k+), complex profit structures, or regulated professions.
Your choice based on your situation and complexity.
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