Partnership agreement template content
1. The cooperation method between Party A and Party B is not exclusive. Both parties can cooperate with other corresponding partners while cooperating.
2. The validity period of this agreement is year, and the implementation period of the cooperation plan agreed in this agreement is from year month day to year month day.
3. If either Party A or Party B terminates the agreement early, it must notify the other party one month in advance; if one party terminates the agreement without authorization, the other party will reserve the right to pursue liability for breach of contract against the defaulting party.
4. This agreement is made in two copies, each party holds one copy, and has the same legal effect.
5. This agreement is a cooperation framework agreement, and specific matters in the cooperation project need to be further clarified in the formal contract. The framework agreement and the formal cooperation contract constitute an inseparable whole. Legal documents for cooperation between Party A and Party B.
6. When this agreement expires, both parties shall give priority to renewing cooperation with the other party.
7. The cooperative relationship between the two parties is mutually beneficial, and all content and services are provided free of charge.
Partnership Agreement Template Obligations
①Partnership property does not belong to individual partners, but belongs to all partners. Therefore, the handling of partnership affairs should be jointly decided by the partners. During the existence of the partnership, the partners have no right to dispose of their share of the partnership property. However, a partner's rights in a partnership may be transferred to another person with the consent of the other partners.
②Partnership debts shall be repaid first with partnership assets. When the partnership assets are insufficient to pay off the debt, the shortfall will be paid off with the partners' other properties. When the debt is paid off with the partners' other properties, each partner will share in proportion to their share of the capital contribution.
③For partnership debts, partners are jointly and severally liable.
④Partners may withdraw from the partnership for legitimate reasons. If other partners believe that immediate withdrawal is detrimental to the partnership, they may also request the partner who proposes to withdraw to postpone his withdrawal. Otherwise, the withdrawing partner will be liable for the resulting losses.
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