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Sample Partnership Agreement 3

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Sample Partnership Agreement 3
Sample Partnership Agreement 3
LOMAS Administrative Form
Form No.09689, page 1 of 16
This General Partnership Agreement was developed prior to the passage of the Florida Revised Uniform
Partnership Act (F.S. 620, Sec. 8). Consideration should be given to reviewing this new statutory language
prior to adopting your Partnership Agreement.
THIS GENERAL PARTNERSHIP AGREEMENT effective________________ by and
between ____________________________, a Florida professional service corporation, hereinafter
referred to as ____________________, and ________________________________________, a
Florida professional service corporation, hereinafter referred to as __________________, each
corporation hereinafter sometimes referred to as "Partner."
W I T N E S S E T H:
WHEREAS, the partners desire to join together in the general practice of law and other
common business goals, and have considered various forms of joint business enterprises for their
business activities; and
WHEREAS, the parties hereto, having confidence in each other, do hereby desire to form
with each other a general partnership as the most advantageous business form for their mutual
WHEREAS, because of the anticipated capital requirements as well as capital contributions
made by each partner, and on account of other business considerations, the parties deem it necessary
to form a partnership composed of corporations rather than of individuals;
NOW, THEREFORE, in consideration of the sum of _____________ and no/100 Dollars
($________) and other good and valuable consideration, the receipt of which is hereby
acknowledged by each partner, together with the mutual covenants and promises contained herein,
the partners hereby agree as follows:
Purpose and Powers
The partnership shall operate for the purposes of engaging in the general practice of law
under the laws of Florida and in accordance with all rules and regulations of The Florida Bar. The
partnership shall have and exercise all powers now or hereinafter conferred by the State of Florida
for a general partnership organized pursuant to the laws of such State, as may now exist or hereafter
may be enacted, all in accordance with the terms and conditions contained herein.
Sample Partnership Agreement 3