Common Contracts

Silent partner agreement doc

Partnership Agreement • May 3rd, 2023

• Contract Type
  Partnership Agreement
• Filed
  May 3rd, 2023

This Partnership Agreement (the “Agreement”) is made effective as of [Insert Date] (the “Effective Date”), by and between [Insert General Partner Name] of [Insert General Partner Address] (the “General Partner”) and [Insert Silent Partner Name] of [Insert Silent Partner Address](the “Silent Partner”), known collectively as the “Partners.” WHEREAS, the Partners desire to enter into a business partnership; WHEREAS the Silent Partner(s) showed an interest in joining the business venture silently and the General Partner(s) has accepted this partnership proposal; NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and conditions contained in this Agreement, the Partners to this Agreement agree to the following: I. PARTNERSHIP NAME, PLACE, AND BUSINESS The business partnership will be known as [Insert Partnership Name] (the “Partnership”). However, the business of the Partnership may be conducted, in compliance with all applicable laws, under any other name determin