Simple 50 50 Partnership Agreement

Simple 50 50 Partnership Agreement for the United Kingdom

Simple 50 50 Partnership Agreement Template for England and Wales

A Simple 50/50 Partnership Agreement is a legally binding document governed by English and Welsh law that establishes an equal partnership between two parties. The agreement sets out the fundamental terms of the partnership, including equal profit sharing, management rights, and responsibilities. It is structured under the Partnership Act 1890 and provides clear guidelines for business operations, decision-making processes, and potential dissolution procedures. This agreement is particularly suitable for straightforward business partnerships where equal ownership and control is desired.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our England and Wales-compliant Simple 50 50 Partnership Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Simple 50 50 Partnership Agreement

Let tiktok��˰�'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Simple 50 50 Partnership Agreement?

The Simple 50/50 Partnership Agreement is designed for situations where two parties wish to establish a business partnership with equal rights and responsibilities under English and Welsh law. This document is particularly useful for new business ventures, professional practices, or existing business collaborations where partners want to formalize their relationship with equal standing. The agreement covers essential elements such as capital contributions, profit sharing, management rights, and exit provisions, while ensuring compliance with the Partnership Act 1890 and related legislation. It provides a clear framework for partnership operations while maintaining the flexibility that makes partnerships an attractive business structure.

What sections should be included in a Simple 50 50 Partnership Agreement?

1. Parties: Details of the two partners entering into the agreement

2. Background: Context and purpose of the partnership formation

3. Definitions: Key terms used throughout the agreement

4. Partnership Business: Nature and scope of the partnership business

5. Capital Contributions: Initial and ongoing capital requirements

6. Profit and Loss Sharing: 50/50 split arrangement and distribution mechanics

7. Management Rights: Decision-making processes and authority levels

8. Banking and Financial Records: Financial management and record-keeping requirements

9. Duration and Termination: Partnership term and dissolution procedures

What sections are optional to include in a Simple 50 50 Partnership Agreement?

1. Intellectual Property Rights: Provisions governing IP ownership and usage rights when the partnership involves creation or use of intellectual property

2. Non-Compete Provisions: Restrictions on competitive activities when partners want to prevent competition during or after partnership

3. Death/Incapacity Provisions: Procedures following death or incapacity of a partner when specific arrangements different from Partnership Act defaults are needed

What schedules should be included in a Simple 50 50 Partnership Agreement?

1. Schedule 1: Initial Capital Contributions: Detailed breakdown of each partner's initial contributions

2. Schedule 2: Business Plan: Initial business plan and objectives

3. Schedule 3: Property Schedule: List of partnership property and ownership details

4. Appendix A: Banking Arrangements: Bank account details and signing authorities

5. Appendix B: Accounting Policies: Agreed accounting principles and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Professional Services
Retail
Technology
Creative Industries
Property

Relevant Teams

Legal
Finance
Operations
Business Development
Senior Management

Relevant Roles

Business Owner
Managing Partner
Entrepreneur
Professional Practitioner

Find the exact document you need

No matches found.

Venture Partner Agreement

An England & Wales agreement formalizing venture capital partnerships, detailing roles, responsibilities, and compensation.

tiktok���˰�

How Cambridge United Uses tiktok���˰� to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Simple 50 50 Partnership Agreement?

What sections should be included in a Simple 50 50 Partnership Agreement?

What sections are optional to include in a Simple 50 50 Partnership Agreement?

What schedules should be included in a Simple 50 50 Partnership Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Venture Partner Agreement

Vacation Home Partnership Agreement

Trucking Partnership Agreement

Term Sheet For Partnership Agreement

Temporary Partnership Agreement

Technology Partnership Agreement

Technical Partnership Agreement

Strategic Technology Partnership Agreement

Strategic Alliance Partnership Agreement

Startup Partnership Agreement

Standard Partnership Agreement

Sponsorship Partnership Agreement

Software Partnership Agreement

Software Partner Agreement

Shareholders Agreement Joint Venture

Service Partner Agreement

Simple Partnership Dissolution Agreement

Simple Limited Partnership Agreement

Restaurant Profit Sharing Agreement

Revenue Share Partnership Agreement

Secret Partner Agreement

Sales Cooperation Agreement

Salaried Partner Agreement

Real Estate Limited Partnership Agreement

Real Estate Joint Venture Agreement

Real Estate Channel Partner Agreement

Property Partnership Agreement

Profit Sharing Ratio Partnership Agreement

Profit Sharing Agreement In Business Partnership

Profit And Loss Partnership Agreement

Production Partnership Agreement

Product Partnership Agreement

Preliminary Partnership Agreement

Preferred Partnership Agreement

Preferred Partner Agreement

Pre Partnership Agreement

Photography Partnership Agreement

Pharmacy Partnership Agreement

Partnership Subscription Agreement

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Templates

Contract Templates

Letter Templates

Policy Templates

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

Generate Legal Docs Free

tiktok��˰�

How Cambridge United Uses tiktok��˰� to Speed Up Player Signings and Slash Legal Costs

�ұ�Ծ��’s Security Promise