AI partnership agreement generator
Trusted by some of the world’s biggest companies
How to create your partnership agreement
- 1
Write a prompt
Enter your business vision, partner roles, and key terms from your business plan. Our AI generator creates a partnership agreement tailored to your input.
- 2
Edit with smart assistance
Adjust profit sharing, modify decision-making authority, or include exit strategies. Our AI assistant helps you fine-tune every section to match your business objectives.
- 3
Download or send for signing
Review and refine your agreement, then download the professionally formatted document or send it directly for eSignatures.
Partnership agreements made simple
Draft, customize, then send on to sign
Generate comprehensive partnership agreements
Create detailed agreements that complement your business plan using our intelligent AI assistant designed for modern business builders.
Refine with smart suggestions
Need guidance? Our AI provides recommendations to strengthen your partnership agreement.
Streamlined signing process
Once your partnership agreement is complete, send it directly to all partners for secure, binding eSignatures.
Review existing agreements
Update outdated partnership agreements using our AI-powered editor. Upload your current document to make revisions that reflect changes to your business plan or evolving strategies.
Secure your documents with confidence
Your business information and partnership data are fully protected. Our platform is SOC 2 Type 2 and GDPR compliant with encrypted transmission and storage.
Partnership agreements explained
What is a partnership agreement?
A partnership agreement establishes how partners work together, share profits and losses, make decisions, and handle business scenarios. It defines each partner's role, investment, and rights.
Partnership agreements prevent disputes, clarify expectations, and protect each partner's interests. They support effective business plan implementation and ensure smooth operations.What are the four types of partnerships?
A partnership agreement should clearly specify which type of partnership structure applies, as this determines each partner’s rights, responsibilities, and liabilities.
• General partnership (GP): All partners share equal responsibility for management and liability. Ideal for small businesses where partners want equal control.
• Limited partnership (LP): Combines general partners who manage the business with limited partners who invest capital but have minimal control. Popular for investment ventures.
• Limited liability partnership (LLP): Provides partners with protection from personal liability for business debts. Common among professional service firms.
• Limited liability limited partnership (LLLP): Offers liability protection to both general and limited partners. Combines investment flexibility with enhanced protection.
By aligning the partnership type with the agreement’s terms, you’re able to clarify each partner’s role, risk exposure, and decision-making authority from the start.Can I write my own partnership agreement?
Yes, many business owners create their partnership agreements. Our generator assists you in creating a professional agreement that aligns with your business plan and partnership goals.
The tool streamlines the process and provides a strong foundation. For complex situations, consider consulting appropriate professionals.How binding is a partnership agreement?
A properly executed partnership agreement serves as the governing document for your partnership. It must include the following:
• All partners agreeing to the terms
• Each partner contributing something of value
• Clear definition of rights and obligations
The agreement supersedes default regulations in most areas, making careful consideration of all provisions important.
Frequently asked questions
Do I need legal experience to use this?
No legal experience required. Our AI assistant helps you create a structured partnership agreement based on your business plan and partnership goals.
The tool offers helpful support throughout the process. For complex partnerships, consider consulting appropriate professionals.Is the partnership agreement generator free to use?
Our AI partnership agreement generator is completely free. Create your free Lumin account to download completed documents or exceed guest user prompt limits.
How is my business protected?
Your information is safeguarded with AES 256 encryption and secure databases. Your input isn't used to train AI models—only to generate your personalized partnership agreement.
Learn more about security at Lumin or read our AI ethics statement.
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