Cleardocs now offers a Partnership Agreement

What's included?

The Cleardocs Partnership Agreement document package includes:

• Partnership Agreement
• Minutes of Meeting at which the Partners of the Partnership resolve to form the Partnership, and appoint bank signatories
• Minutes of Meeting of any Trust's trustee (sole or joint) resolving to join the Partnership - and if the trustees are joint trustees, appointing a nominee to act on their behalf
• Minutes of Meeting of the directors of any Company resolving to join the Partnership and appointing a nominee to act on the company's behalf.

As always, the master documents and interfaces etc. are signed-off by our lawyers at Maddocks.

How much does it cost?

The Partnership Agreement package costs $198.00, which includes an electronic copy of the documents.  Printed and bound copies can be ordered for an additional $49.50.

What does the Partnership Agreement cover?

The Partnership Agreement set out the rules under which the Partnership must act - including:

• How profits will be shared;
• How much money each partner brings to the partnership;
• The general duties of partners;
• How the partnership will make decisions;
• How new partners can join the partnership; and
• How partners can be removed from the partnership.

Who can be a partner?

The Cleardocs Partnership Agreement document package allows for the partners to be any combination of:

• an individual - including if they act as a trustee of a trust;
• 2 or 3 individuals acting as joint trustees of a trust. If you have more than 3 individuals acting as trustee, then Maddocks suggests that you consider using a company to play that role;
• a company - including if it acts as a trustee of a trust.

The Cleardocs Partnership Agreement document package does not allow for a partner that is a combination of

• an individual trustee and a corporate trustee - Maddocks suggests you consider forming a company to play that role; or
• two or more corporate trustees - again, Maddocks suggests you consider using a company instead.

How many partners does the Cleardocs Partnership Agreement allow for?

The Cleardocs Partnership Agreement is suitable for use with Partnerships that have up to 20 partners.

To order or for more information

For more information about the Partnership Agreement, or to start an order, please click here.