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General Partnership Agreement Texas

This is a general partnership agreement, a form that documents the agreement between partners to operate a business. The partnership agreement documents the amount of capital that each partner contributes, the method to be used to allocate profits and losses from the business, and the method used to distribute the assets should the business be dissolved.

The form also contains questions concerning the name of the partnership, the purposes of the partnership, and key operational dates. It contains a section for a Notary Public to complete when the partners execute the agreement.