This document creates an agreement between a buyer and a seller for the purchase of the seller's interest in a specific partnership. This document sets forth the purchase price, the units purchased, and the closing date. In addition, a financial statement of the partnership can be attached under “Exhibit A” of this document. This document contains numerous standard provisions that are commonly included in these types of agreements, and may be customized to fit the specific needs of the contracting parties. This document can be used by individuals or small businesses to transfer an interest in a partnership from one party to another.
This is an agreement that establishes a general partnership between two or more owners of a particular business. A general partnership allows the partners to actively participate in the partnership’s management activities, but will also expose the general partners to personal liability for the debts of the partnership. Additionally, a general partnership provides excellent tax benefits to its members. This agreement outlines the capital contributions, purposes and terms, accounting, termination, dissolution and winding up of the partnership. This document should be used by two or more owners of a business that want to establish a general partnership.