60/40 Partnership Agreement Template

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

60/40 Partnership Agreement Template
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60/40 Partnership Agreement Template
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Free
Partnership Checklist

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Features
Easy MS Word 60/40 Partnership Agreement Template ✔
Fully Automated Table of Contents ✔
Page Count 13 ✔
Word Count 1511 ✔
Free Partnership Checklist ✔
No Complex Software ✔
No Complex Subscriptions ✔
90 Day Full Money Back Guarantee ✔
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100% Transparent Expectations in Writing

It can be an exciting and adventurous moment when you first start a business with a partner.

You most likely trust each other and get along well. But take care. Things could quickly go wrong, and your current partner/s may not be what you expected – and vice versa.

The most important thing you can do at the start of a partnership is to write and agree on a partnership agreement.

This will not take long and may potentially save you a lot of trouble in the future. Most partners get into partnerships with good intentions, but they rarely last and can rapidly evolve into something quite tough.

The last thing you want is litigation between you and your business partner, it is strongly advised that you begin your partnership with a partnership agreement.

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


60/40 Allocation and Distribution

You and your partner must agree on how you will divide the company’s profits and losses. A 60/40 split is customary to allow the organisation to move forward if issues arise.

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

There are many good reasons a 60/40 split works out well in a business arrangement. Below are just a few of these reasons.

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.


Time Saver 60/40 Partnership Agreement Template

Check out the following pages of this 60/40 Partnership Agreement Template.

Title Page

The following page is the title page. You can easily customize this to suit your requirements.

60/40 Partnership Agreement Template - Title Page
60/40 Partnership Agreement Template | Title Page

Table of Contents

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

60/40 Partnership Agreement Template - Table of Contents
60/40 Partnership Agreement Template | Table of Contents
60/40 Partnership Agreement Template - Table of Contents
60/40 Partnership Agreement Template | Table of Contents

Section 1 to 4 – Details

The following page is the first page of the agreement.

60/40 Partnership Agreement Template - Section 1 to 4
60/40 Partnership Agreement Template | Section 1 to 4

Section 19 – Execution

The following page is the signing page of the agreement.

60/40 Partnership Agreement Template - Execution
60/40 Partnership Agreement Template | Execution

This is a detailed document outlining what you and your business partner can expect. This is a document that can serve as the foundation for your partnership agreement and should be evaluated by your solicitor or attorney.


Free Bonus – Partnership Checklist

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

60/40 Partnership Agreement Checklist - Included Free
60/40 Partnership Agreement Checklist | Included Free

The partnership checklist is included free.


Total Inclusions

60/40 Partnership Agreement Template
Microsoft Word .docx
Page Count
13
Word Count
1511

Partnership Checklist Page Count
1
Word Count
322


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Can you really afford to start a partnership, spend years on building a business and then run into trouble with your business partner? This is not only incredibly stressful, it is a huge waste of time.

Set the conditions before you start, and save time, money and significant stress.

Using templates saves a huge amount of time.

All the best with your business.

Regards,

Signature

David

P.S. The price of our products do rise based on upgrades, improvements and demand. We encourage you to buy today not only to avoid missing out at this price, but also to immediately reap the benefits of establishing a transparent agreement with your business partner.


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