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Australia General Partnership Agreement

Set up a business partnership in Australia between two or more partners with this General Partnership Agreement.
  • The term of the partnership is open ended, and will continue until all the partners agree to dissolve the partnership.
  • The agreement provides for additional capital contributions to be injected into the partnership by all partners when a cash call is made.
  • The partners cannot make voluntary capital contributions or make withdrawals of capital without the consent of all partners.
  • No partner may loan money to the partnership without the approval of the other partners.
  • Calculation and allocation of profits and losses will not take into account any tax-exempt income.
  • Method for appointing a managing partner to run the day to day operations.
  • Partners may engage in outside business activities so long as they do not compete with the partnership's business.
  • The partnership will not dissolve upon the death, disability or withdrawal of a partner.
  • Right of first refusal by other partners to purchase the interest of a withdrawing partner.
This Australia General Partnership Agreement is in MS Word format, and is fully editable to fit your circumstances.

Download: Australia General Partnership Agreement

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