Are you really willing to risk all your hard work by having no Partnership Agreement?
60/40 Partnership Agreement Template
Shop with Full Confidence
90 Day Full Money Back Guarantee
100% Secure Shopping ✔
Secure Digital Delivery by E-Junkie ✔
Easy to use MS Word templates ✔
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 ✔
Instant Download ✔
100% Transparent Expectations in Writing
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
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.
Review the Detail – 60/40 Partnership Agreement Template
Check out the following pages of this 60/40 Partnership Agreement Template.
The following page is the title page. You can easily customize this to suit your requirements.
Table of Contents
The following page shows the Table of Contents and the detail included within the document.
Section 1 to 4 – Details
The following page is the first page of the agreement.
Section 19 – Execution
The following page is the signing page of the agreement.
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.
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.
The partnership checklist is included free.
60/40 Partnership Agreement Template
Microsoft Word .docx
Partnership Checklist Page Count
Easy, Quick, Efficient…..Done
Time Saving Templates
Our Master Templates are simple to use and put into action. Use Microsoft Word to find and select the relevant information to customize them to your needs.
Red Highlights Allow you to Customize in Minutes
To assist you in quickly and easily customizing our Master Templates, all items that require customization are highlighted in red.
Simply use Microsoft Word’s Find and Replace tool (Ctrl+H) to identify and replace all relevant items in a single hit, or scroll through and change the items highlighted in red.
100% Unconditional Money-back Guarantee
Our Rock Solid Guarantee
SAVE TIME by using our templates, or we’ll refund your money.
Furthermore, if you are dissatisfied for any reason, we will refund your money without question. Our templates are designed to help you save time when creating documents.
If you are not satisfied, we offer a no-questions-asked unconditional 100% money-back guarantee.
There are no catches, tricks, or conditions. Only your money will be refunded in full.
Easy to Purchase and Instant Download
Easy to Customize and Use
90 Day Full Money-Back Guarantee
No Questions Asked
Safe, Secure Shopping
Paypal Buyer Protection guarantees your purchase.
Buyer Protection ensures you get what you pay for.
Paypal is a safe and reliable payment method. You can use your credit card to make a purchase through Paypal or Stripe and be confident that you are dealing with a reputable supplier, or you can get your money back.
You will be able to download the Master Templates immediately after purchasing them.
Shop with Full Confidence
Using templates saves a huge amount of time.
All the best with your business.
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.
Is this complicated Software or Subscriptions?
No. This is not complicated software requiring an ongoing subscription or annual fee. It is a one off payment. There is no huge learning curve either. Just purchase, download and get on with the task of creating your documents quickly, easily and with no fuss.
Do I need a Paypal account to purchase?
No, you do not need a Paypal account to purchase our products. You can pay with Paypal or use your credit card.
Can I use a Credit Card to purchase?
Yes, you can use a credit card to purchase our products. We use Stripe.com as our credit card merchant. Or you can use your credit card through Paypal.com.
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, you can shop with full confidence. We promise to deliver to you and stand by this promise with a 90 day 100% full refund policy. Further to this, Paypal guarantees your transaction so you can shop with full confidence.
Can I make changes to the templates and add my own information?
Yes. The majority of the master templates are Microsoft Word or Microsoft Excel files. They are 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 an automated Table of Contents. It is simple 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 templates 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 aim 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 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.com to Paypal.com or Stripe.com (Credit Card Payment) depending on how you choose to pay. We use e-Junkie to deliver our documents electronically so you receive them immediately – 24 Hours a day, 7 days a week.
Shop with Full Confidence
Copyright © 2023
All rights reserved. No part of this website or information may be reproduced or used in any manner without written permission of the copyright owner.