# Owners' Agreement
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**This Owners' Agreement ("Agreement") is made and entered into as of [Date] by and between the following parties:**
1. **[Owner Name 1]**
Address: [Owner 1 Address]
Email: [Owner 1 Email]
Phone: [Owner 1 Phone]
2. **[Owner Name 2]**
Address: [Owner 2 Address]
Email: [Owner 2 Email]
Phone: [Owner 2 Phone]
(Collectively referred to as the "Owners")
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### 1. Purpose
The purpose of this Agreement is to outline the terms and conditions governing the ownership and management of [Description of the Business or Property] ("Property").
### 2. Ownership Interests
The Ownership interests shall be divided as follows:
- Owner 1: [Percentage or Fraction]
- Owner 2: [Percentage or Fraction]
### 3. Contributions
The Owners agree to contribute the following as their share of the initial capital investment:
- Owner 1: $[Amount]
- Owner 2: $[Amount]
### 4. Management Responsibilities
The Owners agree to perform the following management responsibilities:
- **Owner 1**: [List specific duties]
- **Owner 2**: [List specific duties]
### 5. Decision Making
Decisions shall be made by a majority vote of the Owners, unless stated otherwise in this Agreement. Major decisions requiring unanimous consent include, but are not limited to:
- Sale or transfer of ownership interests
- Amendments to this Agreement
- Decisions concerning major expenditures above $[Amount]
### 6. Profit Distribution
Profits shall be distributed to the Owners at the end of each fiscal year after all expenses have been paid, according to the following:
- Owner 1: [Percentage]
- Owner 2: [Percentage]
### 7. Books and Records
The Owners shall maintain accurate and complete books and records regarding the Property. Each Owner shall have the right to inspect such records at any time upon reasonable notice.
### 8. Indemnification
Each Owner agrees to indemnify and hold harmless the other Owner from any damages, losses, or liabilities arising from their own negligent or willful misconduct.
### 9. Termination
This Agreement shall continue until terminated by mutual consent of the Owners or upon the occurrence of an event that renders the ownership of the Property impossible. In the event of termination, the Owners shall settle all financial obligations in accordance with their ownership interests.
### 10. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
### 11. Amendment
This Agreement may only be amended in writing signed by all Owners.
### 12. Miscellaneous
- **Severability**: If any provision of this Agreement is held to be invalid, the remaining provisions shall continue in full force and effect.
- **Entire Agreement**: This Agreement constitutes the entire understanding between the Owners regarding the subject matter hereof and supersedes all prior discussions and agreements.
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**IN WITNESS WHEREOF**, the Owners have executed this Owners' Agreement as of the date first above written.
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**Owner 1**:
Signature: _____________________
Date: _____________________
**Owner 2**:
Signature: _____________________
Date: _____________________
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### Notary Public (if needed)
State of [State]
County of [County]
Subscribed and sworn to before me this [Date].
Notary Public Signature: _____________________
My commission expires: ______________
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**[Add additional provisions or clauses as needed]**
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This document is intended as a template and should be modified to fit the specific needs and legal requirements of the actual ownership agreement. It is recommended to consult a legal professional before finalizing any agreements.