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1、PartnershipAgreementThisPartnershipAgreement("Agreement")ismadeandeffectivethis[DATE],BETWEEN:[YOURCOMPANYNAME](the,zFirstPartner7'),acorporationorganizedandexistingunderthelawsofthe[STATE],withitsheadofficelocatedat:[YOURCOMPLETEADDRESS]AND:[SECONDPARTNERNAME](the"SecondPartner")
2、,anindividualwithhismainaddresslocatedatORacorporationorganizedandexistingunderthelawsofthe[STATE],withitsheadofficelocatedat:[COMPLETEADDRESS]RECITALSA.Partnersdesiretojointogetherforthepursuitofcommonbusinessgoals・B.Partnershaveconsideredvariousformsofjointbusinessenterprisesfor
3、theirbusinessactivities.C・Partnersdesiretoenterintoapartnershipagreementasthemostadvantageousbusinessformfortheirmutualpurposes・D・Thepartiesheretoagreetoformalimitedpartnership(the"Partnership")under[LAW.CODEORACT].Inconsiderationofthemutualpromisescontainedinthisagreement,partner
4、sagreeasfollows:1.NAMEANDDOMICILEThenameofthepartnershipshallbe[NAME].Theprincipalplaceofbusinessshallbeat[ADDRESS],[CITY],[STATE],unlessrelocatedbyconsentofthepartners・2.PURPOSESSubjecttothelimitationssetforthinthisAgreement,thepurposesofthePartnershiparetoengageinthebusinessof[D
5、ESCRIBEACTIVITIES];andtoconductotheractivitiesasmaybenecessaryorincidentaltoordesirableinconnectionwiththeforegoing.3.DURATIONOFAGREEMENTThetermofthisagreementshallbefor[NUMBER]years,commencingon[DATE],andterminatingon[DATE],unlesssoonerterminatedbymutualconsentofthepartiesorbyope
6、rationoftheprovisionsofthisagreement.4.CLASSIFICATIONANDPERFORMANCEBYPARTNERSPartnersshallbeclassifiedasactivepartners,advisorypartners,orestatepartners・Anactivepartnermayvoluntarilybecomeanadvisorypartner,mayberequiredtobecomeoneirrespectiveofage,andshallautomaticallybecomeoneaft
7、erattainingtheageof[AGE]years,andineachcaseshallcontinueassuchfor[NUMBER]yearsunlessthepartnersoonerwithdrawsordies・Ifanactivepartnerdies,thepartner'sestatewillbecomeanestatepartnerfor[NUMBER]years.Ifanadvisorypartnerdieswithin[NUMBER]yearsofhavingbecomeanadvisorypartner;thepartne
8、rwillbecomeanestatepartnerfortheb
