Partnership Agreement

For two or more people going into business together: what each contributes, how profits and losses are shared, who decides what, how money is drawn, and what happens if a partner wants out.

What's included

Partner details and business name
Capital contributed by each partner
Profit and loss sharing ratio
Roles, duties and decision-making
Drawings, banking and records
Admission, exit and dissolution
Dispute resolution

Usage notes

Agree the exit terms while everyone is still getting along.
Register the business name and open a business account in the partnership's name.
Both parties should sign in the presence of at least one witness each, and every party should keep a signed original.

These are general-purpose document templates for use in Kenya. They are not a substitute for legal advice and may need review for your specific transaction.