Build an Ontario business partnership agreement

Answer seven plain-language sections to prepare a tailored draft for a small or medium-sized general partnership.

Ontario-focusedInstant downloadOne-time $49 CAD
Step 1 of 7Partnership basics

Partnership basics

Start with the identity, purpose and Ontario location of the business.

Principal business address

Ontario, Canada

Partners

Add each person who will own and operate the partnership.

How many partners?

Capital and ownership

Record what each partner is bringing in and how ownership will be divided.

Ownership total0%
How will profits and losses be shared?
Profit and loss total0%

Management and decisions

Choose who handles daily work and how important decisions are approved.

Who manages day-to-day operations?
How are votes counted?
Major decisions requiring unanimous written consent
$

Canadian dollars

Money matters

Set compensation, banking authority and the financial year.

Partner compensation
Bank signing authority
Authorized signing partners

Changes, exit and disputes

Plan for new partners, departures, buyouts and disagreements.

Approval needed to admit a new partner
How will a departing partner’s interest be valued?
Buyout payment timeframe
Non-compete after leaving

If selected, the restriction is stated to apply within Ontario.

Dispute resolution

Term, law and signatures

Choose the term and review the legal setting before generating the draft.

Partnership term
Governing lawOntario, Canada
Signature blocksA printed-name line, signature line and date line will be created for every partner.

Your agreement draft is ready

$49 CAD

Unlock the complete agreement once, then copy it or download a Word-compatible document.

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