Maine Partnership Agreement – Long Form
A partnership agreement is a document that formalizes the partnership of two or more people (not a husband and wife) in their ownership of a for-profit business. The Partnership Agreement Long Form differs from the Short Form because it includes additional provisions governing termination, buyout of a partner and other subjects. Among others, this form includes the following key provisions:
- Name of Business: Identifies the Name of the business
- Principal Place of Business: Identifies the principal place of business, this identifies the residence of the business for legal purposes
- Term: Clarifies the term of the agreement
- Capital Contribution: Identifies the amount of capital to be contributed
- Profits and Losses: Describes how profits and losses will be shared among the partners
- Management: Clarifies the management of the partnership
- Transfer of Partnership Interests and Rights: Describes how and when partnership interests and rights may be transfered
- Termination of Partnership: Describes the terms surrounding the termination of the partnership
This attorney-prepared packet includes:
- Instructions and Checklist for the Partnership Agreement
- Information about the Partnership Agreement
- Partnership Agreement (Long Form)
State Law Compliance: This form complies with the laws of Maine
You can purchase this Maine Partnership Agreement – Long Form for $17.95.
Click here to order or get more information.
Tags: Maine Partnership Agreement - Long Form, Partnership Agreement - Long Form