Legal · document template

Partnership term sheet

A starting draft to outline the key commercial terms of a business partnership before formal legal agreements are drawn up.

This is a starting draft, not legal advice. Have a qualified professional review anything binding before you sign or send it.

Partner 1 (name & entity)Partner 2 (name & entity)Purpose of the partnershipOwnership / revenue splitCapital or resources each partner contributesRoles and responsibilities of each partnerDecision-making process for major decisionsHow profits and losses are sharedExit terms — what happens if one partner wants outDispute resolution approach

This term sheet is intended to record commercial intent only and should be converted into a formal partnership agreement by a qualified professional before either party acts on it.