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Silent Partnership

This document outlines the terms of a silent partnership agreement between two parties. It specifies that Partner 1 will contribute a certain percentage of capital and be responsible for management, while Partner 2 will contribute a certain amount of capital but remain silent and uninvolved in operations. Profits and losses will be shared equally on a periodic basis. Partner 1 has sole decision-making authority, and either partner can propose dissolution with advance notice. Upon dissolution, assets will be distributed equitably or according to state law.

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257 views2 pages

Silent Partnership

This document outlines the terms of a silent partnership agreement between two parties. It specifies that Partner 1 will contribute a certain percentage of capital and be responsible for management, while Partner 2 will contribute a certain amount of capital but remain silent and uninvolved in operations. Profits and losses will be shared equally on a periodic basis. Partner 1 has sole decision-making authority, and either partner can propose dissolution with advance notice. Upon dissolution, assets will be distributed equitably or according to state law.

Uploaded by

JalalSaeed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SILENT PARTNERSHIP NCONTRACT

I. PARTIES

This Silent Partnership Agreement (herein, the "Agreement") is made and entered into by and between:

[Partner1.FirstName] [Partner1.LastName] (herein, the "Partner 1"), with a mailing address of


[Partner1.StreetAddress], [Partner1.City], [Partner1.State] [Partner1.PostalCode], and
[Partner2.FirstName] [Partner2.LastName] (herein, the "Partner 2"), with a mailing address of
[Partner2.StreetAddress], [Partner2.City], [Partner2.State] [Partner2.PostalCode], each a party,
collectively referred to herein as the "Partners," on 2024-01-18.

II. PURPOSE

The purpose of this Agreement is to lay out the silent partnership's terms and conditions between
Partner 1 and Partner 2, in which Partner 1 will contribute (insert number)% of the capital and Partner 2
will contribute (insert number)% of the capital for (insert purpose of partnership).

III. CAPITAL CONTRIBUTION

Partner 1 shall contribute $(insert amount) in capital to the partnership, and Partner 2 shall contribute $
(insert amount) in capital to the partnership. The capital contribution shall be paid in full upon execution
of this Agreement.

IV. ROLES AND RESPONSIBILITIES

Partner 1 shall be responsible for the management and operation of the partnership, including making
all decisions related to the business.

Partner 2 shall be a silent partner and shall not be involved in the day-to-day operations of the
partnership. Partner 2's sole responsibility shall be to contribute $(insert amount) in capital to the
partnership and to share in the profits and losses of the partnership as determined by the provisions of
this Agreement.

V. PROFIT AND LOSS DISTRIBUTION

The profits and losses of the partnership shall be shared equally between the Partners. All profits and
losses shall be calculated on a (insert period, e.g, quarterly, annual) basis and distributed to the Partners
within (insert number) days of the end of the fiscal year. If the partnership incurs a loss, the Partners
shall bear the loss in proportion to their capital contributions.

VI. DECISION-MAKING

Partner 1 shall have sole decision-making authority for the partnership. Partner 2 shall not be involved in
the decision-making process for the partnership and shall not have any management responsibilities.

VII. DISSOLUTION
Either Partner may propose the dissolution of the partnership at any time, provided that written notice
is given to the other Partner at least (insert number) days in advance. Upon dissolution, the Partners
shall negotiate in good faith to determine the fair and equitable distribution of the partnership's assets.

If the Partners are unable to reach a mutually satisfactory agreement, the assets of the partnership shall
be distributed according to the laws of the State of [Partner1.State].

VIII. CONFIDENTIALITY

The Partners shall maintain the confidentiality of all financial and business information related to the
partnership unless required by law to disclose such information.

IX. GOVERNING LAW

This Lease shall be governed by and construed by the laws of the State of [Partner1.State].

IN WITNESS WHEREOF, the Parties have indicated their agreement to be bound by the terms and
conditions of this Agreement by affixing their signatures below on the dates indicated.

Signature

Select date

Signature

Select date

[Partner1.FirstName] [Partner1.LastName]

[Partner1.Company]

[Partner2.FirstName] [Partner2.LastName] [Partner2.Company]

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