60/40 Partnership Agreement Template

Are you willing to risk your hard work by having no Partnership Agreement?

Image of Partnership Agreement Template Cover

60/40 Partnership Agreement Template

If you are starting out in business with a partner, it may be an exciting and adventurous time.

It is likely you both trust each other and possibly get on well. However, beware. Things could turn bad quickly and your existing partner/s may be not what you expected – and vice versa.

The best thing you can do at the beginning of a partnership is create and agree on a partnership agreement.

This won’t take too long to do and it potentially will save you a ton of headaches in the future. Most partners go into partnerships with good intentions, however they often don’t last and it can turn into something very difficult, quickly.

The last thing you want is litigation between you and your business partner, so it is highly recommended to start your partnership with a partnership agreement.


60/40 Allocation and Distribution

You and your partner must agree on how you will share the profits and losses of the company. A 60/40 split is common to allow the company to move forward should disagreements occur.

It really depends on the circumstances and something you need to be clear about at the beginning. Typically the partner with the less percentage share would take on less responsibilities of the company.

The profits and losses of the partnership shall be divided by the partners according to a mutually agreeable schedule – in this instance 60/40.

In the event of the dissolution of the Partnership the assets and liabilities will also be shared 60/40. There are items in the partnership agreement to itemize these share requirements.


3 Reasons a 60/40 Split is Good

1. One partner wants more responsibility

One partner may be more enthusiastic than the other and wish to put more effort into the company. Therefore they would likely want more return for their effort.

2. The other partner want to be low key

Depending on personality types, one partner may wish to be low key in the business. They may want to work behind the scenes and contribute accordingly. This really comes down to personalities, agreements and the circumstances of the agreement and business.

3. Resolve stalemates faster

There is nothing worse than having a stalemate in a business. This is where the business can grind to a halt due to partners disagreeing on issues, direction or a range of other things.

Having a partner that drives the business and retains more control will help to resolve stalemates faster. You would also want to get a mediator involved to help resolve any differences. Otherwise the partnership is likely to fold.


Review the Detail

Check out the following pages of this Partnership Agreement Template.

Title Page

Image of 60/40 Partnership Agreement Title Page
60/40 Partnership Agreement | Title Page

Table of Contents

The following page shows the Table of Contents and the detail included within the document.

Image of 60/40 Partnership Agreement Table of Contents
60/40 Partnership Agreement | Table of Contents

Introduction

The following page is the first page of the agreement.

Image of 60/40 Partnership Agreement Introduction
60/40 Partnership Agreement | Introduction

Execution

The following page is the signing page of the agreement.

Image of 60/40 Partnership Agreement Execution
60/40 Partnership Agreement | Execution

This is a descriptive document that outlines in detail what you and your partner can expect. This is a document that can form the basis of your partnership agreement and is something you should have reviewed by your solicitor or attorney.


Also Included Free Bonus !

When you purchase the 60/40 Partnership Agreement Template above we also include the following partnership checklist as a free bonus.

This checklist comes from people that have previously been in partnerships and understand the risks involved for all parties. We highly recommend you review this checklist and discuss with your partners prior to entering the partnership.

This checklist is not supposed to be part of the agreement, but part of a discussion to ensure as many hidden issues are considered prior to entering a partnership.

Any business partnership is a decision that you should not take lightly.

Partnership Checklist

6040 partnership agreement checklist
6040 partnership agreement checklist | Included Free

The partnership checklist is included free.


What is Included?

Document Type
MS Word .docx

Partnership Agreement Pages
7
Number of Words
1511

Partnership Checklist Pages
1
Number of Words
322


Easy, Quick, Efficient…..Done

Customize to suit Your Business in Minutes

Our master templates are easy to use and apply. Use MS Word to find and select the information that needs changing to customize it to your business needs.

Red Highlights

To assist you in customizing the template quickly and easily, all items that need changing to suit your business are highlighted in red. You can simply use the Find and Select tool in MS Word (Ctrl+H) to identify all relevant items in one hit and replace instantly or simply scroll through and change the items in red.

Find, Select and Replace
Find, Select and Replace to customize to suit your business

 Our Satisfaction Guarantee

100% Money Back

We offer a full 100% money back guarantee with no questions asked if you are not satisfied.

60 Day 100% Money Back Guarantee

Paypal is a secure and trusted method of payment.
You can purchase through Paypal and be confident that you are dealing with a trusted supplier or your money back.
Paypal Guarantees it.

You will be able to download the master templates immediately after purchase.


USD 15

Add to Cart

Shop with Confidence


Using templates saves a huge amount of time.

All the best with your business.

Regards,

Signature

David


Frequently Asked Questions

Do I need a Paypal account to purchase?

No, you do not need a Paypal account to purchase our products.

Can I use a Credit Card to purchase?

Yes, you can use a credit card to purchase our products.

How will my information be used?

Your information will not be used whatsoever without your permission. In other words, your email address will not be sold or spammed.

Will I get on a spam list?

No. We may add you to our newsletter list. However you can ‘opt out’ at any time. Above all, you will not be spammed. We use Mail Chimp for our electronic updates.

Will I be the victim of identity theft?

No. Paypal and e-Junkie provide a 100% secure system to perform the transaction.

Will the purchase arrive on time?

Yes. As soon as you have paid for your purchase, you will receive a download link via email. However, please remember to also check your ‘Junk Email’ as if you have not received your link immediately, the email could be in your ‘Junk Email Inbox’.

Should you not receive the download link, please contact us immediately and we will get back to you as soon as we can. Please note, the time zone of your country may effect our response time, however we will respond as soon as we can. Our business is located in Australia.

AEST – Australian Eastern Standard Time.

Will I actually get what I ordered?

Yes. We promise to deliver to you and stand by this promise with a 60 day 100% refund policy. Further to this, Paypal guarantees your transaction so you can shop with full confidence.

Can I make changes to the master templates and add my own information?

Yes. The majority of the master templates are MS Word files or MS Excel files. Easy to download and easy to use. You can easily add or remove content and customize the templates to suit your needs. A lot of the templates also have automated Table of Contents, so it is easy to make changes and then update the Table of Contents field so your Table of Contents is also updated. In addition, if you have any problems we can assist.

Will unexpected fine print charges be added to my order without my knowledge?

No. There are no further charges. No monthly subscriptions either. You have the right to use the document to your desires within our terms of agreement of purchase. There are no monthly fee or hidden charges. Similarly, what you see above is the only and final fee.

Will anyone respond if I have problems after buying?

Yes. However, there may be a delay in our response. Depending on your country timezone, we will respond as soon as we can. Please note, we endeavor to respond to your requests within the shortest possible time.

Will it be easy to dispute or cancel my transaction?

Yes. If you are not 100% satisfied with your purchase, we will refund your money 100%. However, we would love some feedback from you so we can improve our product should you believe it could be better.

I did not receive a download link after paying

Please do not panic. e-Junkie is a very reliable document delivery system and it is unlikely this will occur. However, if it does, we will email you the download link as soon as we can.

The website briefly redirected through e-Junkie. Is this safe?

Yes it is safe. When you click on the Proceed to Pay button, you will be redirected briefly through e-Junkie to Paypal. We use e-Junkie to deliver our documents electronically so you receive them immediately – 24 Hours a day, 7 days a week.


USD 15

Add to Cart

Shop with Confidence


  © Copyright 2020
www.DigitalDocumentsDirect.com
All rights reserved.


 

Your use of this site is subject to our Terms of Use, Disclaimer, and Privacy Policy. DigitalDocumentsDirect.com is not a law firm and cannot provide legal advice. We provide information. You are responsible for appropriately using this material.