PARTNERSHIP AGREEMENT

. This Partnership Agreement ("Agreement") is made and effective this [DATE],


BETWEEN: [FIRST PARTNER NAME] (the "First Partner"), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at:



AND: [SECOND PARTNER NAME] (the "Second Partner"), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at:


RECITALS

A. Partners desire to join together for the pursuit of common business goals.

B. Partners have considered various forms of joint business enterprises for their business activities.

C. Partners desire to enter into a partnership agreement as the most advantageous business form for their mutual purposes.

D. The parties hereto agree to form a limited partnership (the “Partnership”) under [LAW, CODE OR ACT].

In consideration of the mutual promises contained in this agreement, partners agree as follows:


1. NAME AND DOMICILE

The name of the partnership shall be [NAME]. The principal place of business shall be at [ADDRESS], [CITY], [STATE/PROVINCE], unless relocated by consent of the partners.


2. PURPOSES

Subject to the limitations set forth in this Agreement, the purposes of the Partnership are to engage in the business of [DESCRIBE ACTIVITIES]; and to conduct other activities as may be necessary or incidental to or desirable in connection with the foregoing.


3. DURATION OF AGREEMENT

The term of this agreement shall be for [NUMBER] years, commencing on [DATE], and terminating on [DATE], unless sooner terminated by mutual consent of the parties or by operation of the provisions of this agreement.


4. CLASSIFICATION AND PERFORMANCE BY PARTNERS

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PARTNERSHIP AGREEMENT