Legal
Strategic Alliance & Partnership Contract Template
Make this proposal your own with your content, logo, and brand colors.
Template preview
Scroll to explore
This Partnership Agreement (“Agreement”) is made and entered into on the (day number) day of (month), (year) (the “Effective Date”), by and between (Partner 1 First Name) (Partner 1 Last Name), of (Partner 1 Company), having an address at (Partner1 Street Address), (Partner1 City), (Partner1 State), (Partner1 Postal Code), and (Partner 2 First Name) (Partner 2 Last Name), of (Partner2 Company), having an address at (Partner2 Street Address), (Partner2 City), (Partner2 State), (Partner2 Postal Code).
Each party is individually referred to as a “Partner” and collectively as the “Partners.”
1.Partnership
The Parties agree to form and operate a partnership for the purpose of (business activities and purpose) under the name (partnership name) (the “Partnership”). The Partnership shall be established and governed in accordance with the laws of the State of (partnership state).
2. Place Of Business
The principal place of business for the Partnership shall be (partnership address), or may be operated virtually as mutually agreed upon by the Partners.
3. Capital Contributions
The Partners agree to make capital contributions to the Partnership, with ownership interests allocated based on the contributions described below.
(Partner 1 First Name) (Partner 1 Last Name) :
(Partner 1 Capital Contribution) - (Percentage ownership)
Any Partner may make additional capital contributions after this Agreement is executed, provided such contributions are recorded in a formally prepared and signed Additional Capital Addendum.
4. Profits & Losses
All Partnership profits and losses shall be distributed at the end of each calendar year in proportion to the ownership percentages stated above.
5. Binding Authority
Both Partners shall have joint authority to commit the Partnership to obligations, contracts, or agreements related to its business. Any such commitment shall be valid only if approved and signed by both Partners.
6. Admitting a new partner
New Partners may be admitted to the Partnership with approval by a majority of the existing Partners and the execution of an addendum to this Agreement. Any new Partner shall be subject to all terms, conditions, and obligations of this Agreement.
7. Meetings
The Partners agree to meet at least once every two months, either in person or through teleconference.
8. Title to property
All Partnership property shall be owned exclusively in the name of the Partnership.
9. Term
This Agreement shall be effective for a term of (number) years beginning on the Effective Date and ending on (ending date). The term may be shortened or extended only by a mutually signed addendum executed by the Partners.
10. Termination
A Partner may submit a request to terminate the Partnership at least 30 days prior to the proposed termination date. The Partnership may be dissolved only with the unanimous consent of all Partners. Upon termination, all Partnership assets and cash shall first be used to settle outstanding debts and obligations, with any remaining balance distributed to the Partners in proportion to their ownership interests
11. Disputes
In the event of a dispute, the Partners agree to first engage in professional mediation with a neutral third-party mediator before issuing any notice of Partnership termination. Mediation may be conducted in person or via real-time audio and video communication.
12. Withdrawal/death of a partner
If a Partner withdraws from the Partnership for any reason, including death or retirement, the remaining Partners may continue operating the Partnership under the same name and governing documents. A withdrawing Partner must provide at least 60 days’ written notice to the other Partners.
The withdrawing Partner shall grant the remaining Partners the first right of refusal to purchase his or her ownership interest. In the event of a Partner’s death, any funds owed to the deceased Partner shall be transferred to the designated beneficiary named in the Partner’s Will or Trust.
13. Involuntary withdrawal
A Partner may be involuntarily removed from the Partnership if they become mentally incapacitated, suffer a disability that significantly impairs their ability to perform their duties, breach their fiduciary duties, or are convicted of a serious criminal offense, including a felony.
Any involuntary removal shall require the unanimous consent of all remaining Partners.
14. Force majeure
A Partner shall be excused from performance under this Agreement in the event of a force majeure or act of God—such as earthquakes, floods, fires, wars, or other unforeseen and uncontrollable events—provided the Partner promptly notifies the other Partners and makes reasonable efforts to minimize the impact of such events.
15. Forbidden Acts
No Partner shall:
A. take any action that conflicts with the terms of this Agreement;
B. engage in conduct that makes the Partnership’s business unreasonably difficult or impractical to operate;
C. authorize or delegate authority to any third party who is not a Partner; or
D. use the Partnership’s name, branding, or logo for any purpose outside the Partnership’s legitimate business activities.
Any violation of the above restrictions shall constitute a breach of this Agreement and may result in the removal of the non-compliant Partner from the Partnership.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
Trusted by 1,100+ businesses that sell expertise
What's Included
Everything you need to create a professional proposal
Professional Design
Fully Customizable
Ready to Use
Mobile Responsive
How to Use This Template
Get started with your professional proposal in just a few simple steps
1
Choose Template
Select this template and click "Use template for free" to get started
2
Customize Content
Fill in your details, add your branding, and tailor the content to your needs
3
Send & Track
Send your proposal to clients and track when they view and approve it
Related Templates
Explore more templates in the Legal category
Frequently Asked Questions
Everything you need to know about using this template
Yes! All ProposalBiz templates are fully customizable. You can modify text, add your branding, adjust colors, include your logo, add or remove sections, and tailor every aspect to match your business needs and client requirements.
You can export your proposal in multiple formats including PDF, Word (DOCX), and as a shareable web link. Each format maintains your professional design and branding.
Not at all! Our templates are professionally designed and ready to use. Simply fill in your content, and the template automatically maintains professional formatting and design.
Yes! ProposalBiz includes built-in tracking that shows you when clients open your proposal, how long they spend on each section, and whether they've shared it with others.
Absolutely! All proposals include legally binding e-signature functionality. Clients can sign directly from any device without downloading or printing.
Ready to Create Your Proposal?
Start using this template now and create a professional proposal in minutes.
Free forever.
No credit card.