Law Firm Partnership Agreement Template

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Sample

Law Firm Partnership Agreement Template

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Law Firm Partnership Agreement Template (1)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This document outlines the terms of partnership between the above-mentioned parties for the establishment of a law firm, effective from [Effective Date].
Clause 1: Purpose of Partnership
The purpose of this partnership is to engage in the practice of law, providing legal services to clients in [Specify Areas of Law].
Clause 2: Capital Contributions
Each Partner shall contribute the following capital to the firm: [Specify contributions], and the ownership interests shall be as follows: [Specify ownership percentages].
Clause 3: Profit and Loss Sharing
Profits and losses from the partnership shall be distributed among the Partners in proportion to their ownership interests, unless otherwise agreed in writing.
Clause 4: Management and Decision-Making
The management of the partnership shall be conducted by the Partners jointly, and all significant decisions shall require a [Specify Majority or Unanimous] agreement.
Clause 5: Withdrawal and Termination
A Partner may withdraw from the partnership under the following conditions: [Specify terms of withdrawal]. The partnership may also be terminated under mutual agreement or by default under applicable laws.
Clause 6: Confidentiality
Both Partners agree to maintain the confidentiality of all client information and sensitive partnership documents, even after the termination of this agreement.
Clause 7: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Law Firm Partnership Agreement Template (2)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This agreement is made to establish a partnership for a law firm that shall operate under the name [Firm Name], effective from [Effective Date].
Clause 1: Objectives
The primary objective of the partnership is to provide legal representation in areas such as [Specify Areas of Law] and to uphold the interests of clients.
Clause 2: Contributions
The Partners shall make initial and additional contributions as needed, documented and agreed upon, as follows: [Specify contributions].
Clause 3: Distribution of Earnings
Earnings from the practice will be allocated based on the ownership interests and contributions, as per the percentage of [Specify percentages] to each Partner.
Clause 4: Authority and Duties
Each Partner shall have the authority to manage firm operations but must consult the other Partner on matters affecting the firm’s future.
Clause 5: Circumstances of Exit
In the event a Partner wishes to exit the partnership, they must provide written notice [X months] in advance and comply with the exit procedures outlined herein.
Clause 6: Non-Compete Clause
Partners agree to a non-compete arrangement for a period of [Specify time frame] following the end of the partnership to protect client interests.
Clause 7: Jurisdiction
This agreement shall be construed in accordance with the laws of [Specify Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]

Form

Please complete the form below to create the Law Firm Partnership Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Law Firm Partnership Agreement Template

1. Partnership Information


2. Partner Information





3. Agreement Details

4. Capital Contributions

5. Profit and Loss Distribution

6. Partner Responsibilities

7. Decision-Making Process

8. Withdrawal or Admission of Partners

9. Confidentiality and Non-Compete Clauses

10. Governing Law

11. Signatures and Acceptance

12. Declaration and Signatures




PDF


WORD

Printable

Law Firm Partnership Agreement Template

Printable | Editable Form




Law Firm Partnership Agreement Template