Document background
The Simple 50/50 Partnership Agreement is designed for situations where two parties wish to establish a business partnership with equal rights and responsibilities under English and Welsh law. This document is particularly useful for new business ventures, professional practices, or existing business collaborations where partners want to formalize their relationship with equal standing. The agreement covers essential elements such as capital contributions, profit sharing, management rights, and exit provisions, while ensuring compliance with the Partnership Act 1890 and related legislation. It provides a clear framework for partnership operations while maintaining the flexibility that makes partnerships an attractive business structure.
