# General Partner Agreement
**This General Partner Agreement ("Agreement") is entered into as of [Date], by and between:**
**[Partner 1 Name]**
Address: [Partner 1 Address]
Email: [Partner 1 Email]
**and**
**[Partner 2 Name]**
Address: [Partner 2 Address]
Email: [Partner 2 Email]
(Collectively referred to as the "Partners".)
## Article I: Formation
1. **Formation**
The Partners hereby form a partnership under the name of **[Partnership Name]** (the "Partnership") in accordance with the laws of the state of [State].
2. **Principal Place of Business**
The principal place of business of the Partnership shall be located at [Business Address].
## Article II: Purpose
The purpose of the Partnership is to engage in the business of [Describe Business Activities] and any other lawful activities as mutually agreed upon by the Partners.
## Article III: Capital Contributions
1. **Initial Capital Contributions**
Each Partner shall contribute capital to the Partnership as follows:
- **Partner 1:** $[Amount]
- **Partner 2:** $[Amount]
2. **Additional Contributions**
Any additional capital contributions shall be made only with the written consent of both Partners.
## Article IV: Profits and Losses
1. **Distributions**
Profits and losses of the partnership shall be allocated and distributed as follows:
- **Partner 1:** [Percentage]%
- **Partner 2:** [Percentage]%
2. **Distribution Schedule**
Distributions shall be made on a [Monthly/Quarterly/Yearly] basis, or as otherwise agreed upon by the Partners.
## Article V: Management
1. **Management Authority**
Each Partner shall have equal rights in the management and control of the Partnership, and all decisions shall be made by mutual agreement.
2. **Duties of Partners**
Each Partner agrees to devote their full time and attention to the Partnership and will perform their duties to the best of their abilities.
## Article VI: Books and Records
1. **Records**
The Partnership shall maintain accurate books and records of all business transactions, which shall be made available to both Partners upon request.
2. **Fiscal Year**
The fiscal year of the Partnership shall be the calendar year.
## Article VII: Term and Termination
1. **Term**
This Agreement shall remain in effect until terminated by mutual agreement of the Partners or as otherwise provided in this Agreement.
2. **Termination**
This Agreement may be terminated upon written notice by either Partner under the following conditions:
a) Mutual agreement of the Partners.
b) Any Partner becomes incapacitated or dies.
c) A material breach of this Agreement by a Partner.
## Article VIII: Indemnification
The Partnership shall indemnify each Partner against any and all losses, expenses, or liabilities incurred by the Partner in connection with the business of the Partnership, provided that such indemnification shall not apply to matters arising from the gross negligence or willful misconduct of the indemnified Partner.
## Article IX: Miscellaneous
1. **Amendments**
This Agreement may be amended only by a written agreement signed by both Partners.
2. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the state of [State].
3. **Severability**
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
## IN WITNESS WHEREOF, the Partners have executed this General Partner Agreement as of the date first above written.
___
**[Partner 1 Name], Partner**
Date: [Date]
___
**[Partner 2 Name], Partner**
Date: [Date]
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*This Agreement is a template and should be tailored to suit specific business needs, and legal counsel should be sought for legal compliance.*