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Partnership Agreement for United Kingdom

Generate a partnership agreement that complies with United Kingdom law, with 6 mandatory clauses and 6 compliance checks built in.

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What's required

  • Override of Partnership Act 1890 Default Rules

    Partnership Act 1890, ss.24-26

  • Joint and Several Liability Notice

    Partnership Act 1890, ss.9-12

  • Capital Contributions and Accounts

  • UK GDPR / Data Protection Act 2018 Compliance

    Data Protection Act 2018; UK GDPR (retained EU law)

  • Contracts (Rights of Third Parties) Act 1999 Exclusion

    Contracts (Rights of Third Parties) Act 1999

  • Governing Law and Jurisdiction

What's prohibited

  • Limitation of individual partners' liability to third parties in a general partnership

    Under sections 9-12 of the Partnership Act 1890, partners in a general partnership have unlimited joint and several liability for the debts and obligations of the firm. A partnership agreement cannot limit this liability vis-脿-vis third parties (only the internal allocation of losses between partners can be agreed). For limited liability, the partners should form an LLP under the Limited Liability Partnerships Act 2000.

Partnership Agreement in other jurisdictions

California

Delaware

New York

Texas

United States

European Union

Netherlands

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Consulting Agreement

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