PARTNERSHIP AGREEMENT

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Partnership Agreement Ready

Founding agreement for Business Partnership with 0 partners.

Strategic summary

Commencement TBD Reserve Fund 10% Status Operational Ready

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Save the professional Partnership Agreement as a secure PDF for the business records.

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Joint Liability Note

Partnerships in South Africa (unless a Pty Ltd) may expose partners to joint and several liability. Ensure you have adequate insurance and clear capital account records.

Capital Accounts

Dissolution Terms

Voting Rules

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WOZA MMELI

LEGAL DOCUMENT MAKER

www.wozammeli.co.za

Wozammeli (Pty) Ltd – Reg No. 2026/132085/07

INTRODUCTION

Business Partnership Agreement

A partnership agreement defines the relationship, responsibilities, and profit-sharing between business partners. Follow these steps for execution:

🤝 All Partners must sign every page of the agreement.
✍️ Full signatures are required on the execution page in the presence of witnesses.
📊 Ensure that capital contributions and exit strategies are clearly defined.
📝 Initial any changes made to the document before signing.
🔐 Each partner should receive a full copy of the signed agreement.

Keep the original agreement in the partnership's official records. Each partner should also keep a personal copy.

Well done on formalizing your business partnership. Clear agreements prevent future disputes and build a strong foundation.

Review the agreement annually to ensure it still reflects the partnership’s goals and operations.

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GENERAL PARTNERSHIP AGREEMENT

for

[PARTNERSHIP NAME]

1. THE PARTNERS

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2. NATURE & COMMENCEMENT

2.1 The Partnership shall conduct business under the name [PARTNERSHIP NAME].

2.2 Commencement: The Partnership shall commence on 2026-06-04.

2.3 Purpose: The core activity of the Partnership is:

General business trading and commercial activities.

3. FINANCE & PROFIT SHARING

Partner	Initial Capital	Share %

A reserve fund of 10% of net annual profits shall be retained in the business before distribution.

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4. MANAGEMENT & VOTING

4.1 Voting on partnership matters shall be weighted by profit share percentage.

4.2 Unanimous consent is required for: admitting new partners, taking loans exceeding R50,000, or the sale of the business.

5. TERMINATION & EXIT

5.1 A partner may retire from the partnership by giving 30-days written notice.

5.2 Upon exit, the business will be valued based on an independent auditor assessment.

5.3 Restraint of Trade: For 12 months after leaving, a partner may not compete with the business within 50km of the principal place of business.

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SIGNED at [CITY] on this 4th day of June 2026.

Strategic Alignment Profit sharing & Governance optimized
Legally binding in South Africa

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