Because a $400/hour lawyer shouldn’t be the only way to stay protected.
Contracts written by attorneys are expensive, and most women-of-color founders can’t afford that level of access. The result? Too many partnerships fall apart because expectations were never documented, responsibilities weren’t defined, and profit-sharing was left to “conversation.” This Business Partnership Agreement Template was created to close that gap. It’s written in plain language, fully editable in Word, and shaped by real disputes I’ve personally experienced—so you can avoid those same issues.
People don’t always respect minority-owned and women-owned businesses the way they respect corporations. This contract helps partners see the business differently—not as something informal, but as a legitimate, structured entity built to last.
What Makes It Different
• Crafted with legal insight and lived experience, using clauses inspired by real conflicts
• 100% customizable—edit in Word, print, upload to DocuSign, or integrate into onboarding workflows
• Instant access with lifetime use—download immediately and reuse whenever needed
• Concise but comprehensive—covers what matters without unnecessary legal jargon
What’s Inside
• Ownership structure and clearly defined profit-sharing percentages
• Capital contribution terms outlining what each partner invests
• Management and decision-making rules, including voting rights and authority
• Liability and indemnification clauses protecting each partner from unnecessary risk
• Exit strategy, buyout terms, and dissolution procedures for clean separation
• Confidentiality and non-compete provisions to safeguard business interests
Why You Need It
• Prevents misunderstandings by clearly defining each partner’s role and responsibilities
• Protects every party from liability, debt, and unexpected financial exposure
• Establishes clear rules for decision-making, profit distribution, and authority
• Builds credibility—showing your partnership is structured, intentional, and legally grounded
• Adaptable across all states and suitable for any partnership or multi-owner business
Use It For
General or limited partnerships, small businesses with multiple owners, LLCs, joint ventures, or any business that needs a legally binding agreement to define partnership terms
How It Works
• Purchase and download instantly
• Open in Word to edit your details and structure
• Print, sign, or upload for digital signatures using tools like DocuSign
• Add it to your internal processes for seamless partner onboarding
This is your contract, your protection, your peace of mind—ready in minutes.
Legal Disclaimer
These templates are for educational and informational purposes only and do not constitute legal advice. OVIDIA. is not a law firm, and purchasing or using these templates does not create an attorney–client relationship. Each contract is fully customizable and should be reviewed for your specific business needs. For questions about your particular situation, consult a licensed attorney in your jurisdiction.
