The Law Firm Partnership Agreement serves as the foundational document for establishing and operating a law firm partnership in the United States. This document is essential when two or more attorneys decide to practice law together in a partnership structure. It addresses crucial aspects such as ownership rights, profit distribution, management responsibilities, and partner obligations while ensuring compliance with state bar regulations and professional ethics rules. The agreement is particularly important as it provides clarity on complex issues such as partner compensation, capital requirements, voting rights, and departure procedures. It must be carefully drafted to accommodate both current needs and potential future scenarios, while maintaining flexibility for firm growth and development. The agreement should reflect specific jurisdictional requirements and professional conduct rules applicable to legal practice in the relevant state(s).
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all partners and the partnership entity
2. Background: Context of partnership formation and purpose
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Organization type, management structure, and voting rights
5. Capital Contributions: Initial and ongoing capital requirements
6. Profit and Loss Sharing: Distribution of profits and allocation of losses
7. Management Rights: Decision-making authority and procedures
8. Partnership Meetings: Requirements for regular and special meetings
9. Withdrawal and Retirement: Process for partner exit and retirement
10. Dissolution: Circumstances and procedures for partnership dissolution
1. Non-Compete Provisions: Restrictions on post-departure competition - use when partners agree to restrict future practice
2. International Practice: Rules for international offices and practice - use when firm has international presence
3. Alternative Fee Arrangements: Special billing and compensation structures - use when firm implements non-traditional billing methods
1. Schedule A - Partner Capital Accounts: Detailed breakdown of partner contributions
2. Schedule B - Profit Sharing Formula: Detailed calculation methods for profit distribution
3. Schedule C - Partnership Points System: Point allocation system for equity partners
4. Schedule D - Office Locations: List of firm offices and jurisdictions
5. Schedule E - Insurance Requirements: Professional liability and other insurance details
6. Schedule F - Partner Contact Information: Contact details for all partners
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Tooling Agreement
An England & Wales agreement outlining rights and duties for industrial tooling creation, use, and maintenance.
find out more
Residential Tenancy Agreement Standard Form Of Lease
An England & Wales lease agreement establishing an Assured Shorthold Tenancy under the Housing Act 1988.
find out more
Representation Agreement
An England & Wales legal document authorizing a representative to conduct specified business activities on a principal's behalf.
find out more
Provisional Agreement
An England & Wales legal document establishing interim terms during ongoing negotiations for complex transactions.
find out more
Preliminary Agreement
An England & Wales legal document outlining preliminary terms for significant transactions or relationships before detailed negotiations.
find out more
Notary Rent Agreement
An England & Wales rental contract authenticated by a Notary Public for enhanced legal certainty and compliance.
find out more
Model Tenancy Agreement
An England & Wales legal template for residential lettings, detailing landlord-tenant obligations and compliance requirements.
find out more
Lease With Option To Buy
An England & Wales lease agreement offering tenants a future property purchase option with specified terms.
find out more
Lease And Licence Agreement
An England & Wales legal document granting property occupation and usage rights through lease and licence provisions.
find out more
Land Agreement Between Two Parties
An England & Wales legal document transferring land interests and establishing rights between two parties.
find out more
Employer Tuition Reimbursement Agreement
An England & Wales document assessing business continuity risks and strategies for operational resilience and regulatory compliance.
find out more
Contract Agreement Between Two Parties
An England & Wales agreement authorizing freight agents, detailing territory, commissions, and compliance in logistics.
find out more
Common Terms Agreement
An England & Wales contract defining freight agent duties, compensation, and compliance for international logistics operations.
find out more
Buyer Agency Agreement
A legal contract authorizing a real estate agent to represent a buyer in property transactions.
find out more
Subordination Agreement Mortgage
An English law agreement establishing priority ranking between multiple mortgage securities over the same property.
find out more
Statement Of Agreement
A formal document under English and Welsh law recording mutual understanding and agreement between parties regarding specific terms and conditions.
find out more
Rent In Exchange For Services Agreement
An English law agreement establishing terms for rent-free accommodation in exchange for specified services.
find out more
Preliminary Contract
An English law agreement setting out initial terms and conditions between parties before finalizing a detailed contract.
find out more
Catering Contract
A legally binding agreement for catering services under English and Welsh law, establishing terms between food service providers and clients.
find out more
Lease Agreement
An England and Wales-governed agreement between landlord and tenant establishing terms for property rental and occupation.
find out more
Security Agreement Form
An English law document creating security interests over assets to secure obligations owed to a secured party.
find out more
Business Cooperation Agreement
A formal agreement governing business collaboration between parties, regulated under English and Welsh law.
find out more
Terms Of Business Agreement
A legally binding agreement under English and Welsh law that establishes the core terms and conditions for business relationships between commercial entities.
find out more
Consulting Agreement
A legally binding agreement under English and Welsh law that establishes terms for consulting services between a consultant and client.
find out more
Professional Services Retainer Agreement
An English law agreement establishing terms for ongoing professional services delivery between provider and client.
find out more
Head Of Terms Agreement
A preliminary agreement under English and Welsh law outlining key terms and conditions for a proposed business transaction or arrangement.
find out more
Supply Contract Form
A legally binding agreement under English and Welsh law governing the supply of goods or services between parties.
find out more
Business Contract
A legally binding commercial agreement between business entities, governed by English and Welsh law.
find out more
Dispute Resolution Agreement
An English law agreement setting out procedures for resolving disputes between parties through mediation, arbitration, and other resolution methods.
find out more
Umbrella Agreement
A master agreement under English and Welsh law that establishes core terms for multiple future contracts between parties.
find out more
Software Agreement Contract
An English law agreement governing software licensing, usage, and maintenance terms between provider and licensee.
find out more
Professional Services Contract
An English law-governed agreement establishing terms and conditions for professional service delivery between service provider and client.
find out more
Consulting Services Agreement
An England and Wales-governed agreement setting out terms for the provision of professional consulting services between a consultant and client.
find out more
Assignment And Assumption Agreement
A legal document under English and Welsh law that transfers rights and obligations from one party to another, with the receiving party assuming associated responsibilities.
find out more
Yearly Contract Agreement
A US-governed agreement establishing terms and conditions for a twelve-month contractual relationship between parties.
find out more
Work For Hire Agreement
A U.S.-governed agreement establishing ownership rights and terms for work created by a contractor for a hiring party, under copyright law.
find out more
Work Contract
A legally binding employment agreement that establishes terms and conditions of employment under U.S. federal and state laws.
find out more
White Label Agreement
A U.S.-governed agreement enabling one company to rebrand and sell another company's products or services under their own brand name.
find out more
Website Development Agreement
A U.S.-compliant legal agreement between a website developer and client establishing terms for website development services, including scope, timeline, and deliverables.
find out more
Website Contract
A U.S.-governed legal agreement between website developers and clients defining website development terms and obligations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)