Partnership Agreement
This document is a Partnership Agreement template designed to facilitate collaboration between two entities, referred to as "Company" and "Partner". It combines a customizable Cover Page for specific business and legal terms with a set of Common Paper Partnership Standard Terms incorporated by reference. The agreement details obligations, payment terms, trademark licensing, privacy, dispute resolution, and liability.
Using this agreement
This Agreement has 2 parts:
This Cover Page which includes Business Terms and legal Key Terms
The Common Paper Partnership Standard Terms Version 1.1 posted at [commonpaper.com/standards/partnership-agreement/1.1](https://commonpaper.com/standards/partnership-agreement/1.1) which is incorporated by reference.
If there is any inconsistency between the parts of the Agreement, the Cover Page will control over the Standard Terms. Variables have the meanings or descriptions given on the Cover Page. However, if the Cover Page omits or does not define a Variable, the default meaning will be “none” or “not applicable” and the correlating clause, sentence, or section does not apply to this Agreement. All other capitalized words have the meanings or descriptions given in the Standard Terms.
Business Terms
The key business terms of this Agreement are as follows:
Obligations
Company will:
- [ ] Engage in the following promotional activities: [____]
- [ ] Provide the following promotional materials: [____]
- [ ] Provide the following sponsored benefits: [____]
- [ ] Make Referrals to Partner. A “Referral” to Partner is a third party that meets all the following criteria: [____]
- [ ] Pay Partner the following amount according to the Payment Schedule: [____]
- [ ] Provide Company’s Brand Elements as Licensor
Partner will:
- [ ] Engage in the following promotional activities: [____]
- [ ] Provide the following promotional materials: [____]
- [ ] Provide the following sponsored benefits: [____]
- [ ] Make Referrals to Company. A “Referral” to Company is a third party that meets all the following criteria: [____]
- [ ] Pay Company the following amount according to the Payment Schedule: [____]
- [ ] Provide Partner’s Brand Elements as Licensor
Territory
- [ x ] Worldwide
- [ ] [fill in specific geographic areas]
Payment Process
- [ ] Company will send invoices or bills for Fees owed by Partner to: [___]
- [ ] Partner will send invoices or bills for Fees owed by Company to: [___]
Payment Schedule
- [ ] The party making payment will pay the other party according to the following schedule: [Fill in payment schedule e.g. 30 days from receipt of invoice, 60 days before event, etc.]
End Date
When this Agreement ends
- [ x ] [ # ] [days, weeks, months, year] after the Effective Date
- [ ] [fill in custom end date]
Key Terms
The key legal terms of this Agreement are as follows:
Effective Date
The date the Agreement starts
- [ x ] Date of last signature on this Cover Page
- [ ] [Fill in custom Effective Date]
Governing Law
The laws of [fill in state and/or country]
Chosen Courts
The courts (whether state, federal, or otherwise) located in [fill in state and/or county]
Covered Claims
This is a preview. The full template is free on GitLaw.
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