Mississippi Partnership Agreement - Long Form

Mississippi Partnership Agreement - Long Form

Add to cart View Sample 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:
  1. Instructions and Checklist for the Partnership Agreement
  2. Information about the Partnership Agreement
  3. Partnership Agreement (Long Form)
State Law Compliance: This form complies with the laws of Mississippi

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