Partnership Agreement for United States
Generate a partnership agreement that complies with United States law, with 7 mandatory clauses and 6 compliance checks built in.
What's required
Partnership Formation & Purpose
Revised Uniform Partnership Act (RUPA) § 202
Capital Contributions & Accounts
RUPA § 401; 26 C.F.R. § 1.704-1(b)
Allocation of Profits & Losses
RUPA § 401(b); 26 U.S.C. § 704
Management & Decision-Making
RUPA §§ 401(f), 401(j)
Dissolution & Winding Up
RUPA §§ 601, 801-807
Severability
Common law severability doctrine
Entire Agreement / Merger Clause
Common law parol evidence rule
What's prohibited
Grant of unlimited individual authority to bind the partnership without consent
Under RUPA, each partner is an agent of the partnership, but acts outside the ordinary course of business require consent. Granting unlimited unilateral authority to one partner without any consent requirements exposes all partners to unlimited personal liability.
Partnership Agreement in other jurisdictions
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View United States requirementsReady to create your United States partnership agreement?
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