This agreement may be used between two people who want to enter into a general partnership (not a formal company as an LLC or Corporation). Alternatively, it can be two companies coming together to form a general partnership for a specific purpose or event. Both parties have certain ownership in the partnership business or venture. This Agreement may also be used as a placeholder for the partnership until a Company structure (LLC etc.,) replaces the terms of the partnership.
Suitable for any: 2 or more individuals, 2 or more Companies
Company (LLC, Corporation – S-Corp/C-Corp, Benefit Corp, Non-Profit).
Also related to: Influencer Agreement, Referral Agreement, Affiliate Agreement, Independent Contractor Agreement.
This is different from an Affiliate Agreement because an Affiliate doesn’t own a portion of the Company – the Affiliate is just providing exposure for the Company’s products and services in return for an Affiliate commission or payment.
This is different from an Influencer Agreement because an Influencer doesn’t own a portion of the Company – the Influencer is just providing publicity for the Company’s products and services in return for payment.
This is different from a Referral Agreement because a Referring party doesn’t own a portion of the business – the parties are just providing referrals to each other with payment in referral fees, only.
This is different from an Independent Contractor Agreement because an Independent Contractor doesn’t own a portion of the Company – the Contractor is just providing services for the Company in return for payment.