Generate a Partnership Agreement for Ireland
€79 - Ready in under 5 minutes
19 document types
Ready in minutes
Built for Irish law
Updated 2026
Why You Need This
Without a written partnership agreement, the default rules of the Partnership Act 1890 apply. This means equal profit sharing regardless of capital contributed, any partner can bind the firm to contracts, and the partnership automatically dissolves on the death of any partner. A written agreement overrides these defaults.
What's Included
Partnership Act 1890 compliant - structured to override the unfavourable default rules that apply in the absence of a written agreement
Capital contribution schedule - records each partner's initial and ongoing contributions, critical for tax purposes and exit calculations
Profit and loss sharing ratios - customisable split that can reflect different capital contributions, roles, or time commitments
Management and decision-making - defines which decisions require majority vs unanimous consent, preventing deadlock
Non-compete and dedication clauses - prevents partners from competing or diverting opportunities during and after the partnership
Retirement and expulsion provisions - clear process for a partner leaving voluntarily or being removed by the others
Death and incapacity provisions - what happens to a deceased or incapacitated partner's share, including a valuation mechanism
Dissolution and winding up - ordered process for ending the partnership, distributing assets, and settling debts
Dispute resolution - mediation then arbitration pathway to resolve disagreements without litigation
What We'll Ask You
Our guided questionnaire takes about 3-5 minutes.
1
Partnership Details
2
Partner Details
3
Profit & Management
4
Restrictions
5
Exit Provisions
6
Dispute Resolution
Why Trust This Document
Overrides unfavourable Partnership Act 1890 defaults including equal profit sharing
Capital contributions documented, which is critical for Revenue partnership tax filing
Clear exit mechanism prevents disputes when a partner wants to leave or must be removed
Compatible with Revenue partnership tax returns and financial statement requirements
Frequently Asked Questions
The Partnership Act 1890 defaults apply. Key defaults include: all partners share profits and losses equally (regardless of capital), every partner can bind the firm to contracts, no partner can be expelled, and the partnership dissolves on the death of any partner. These rules catch many partnerships off guard.
By default under the 1890 Act, equally. A written agreement lets you set any ratio - for example, 60/40 to reflect different capital contributions, or a salary-plus-profit-share model where working partners draw a salary before profits are divided.
Not under the 1890 Act defaults - expulsion requires a written agreement giving the other partners this power. Our agreement includes expulsion provisions with fair process requirements (written notice, opportunity to respond, majority or unanimous vote as you choose).
Under the 1890 Act, the partnership automatically dissolves. A written agreement can provide for the surviving partners to buy the deceased partner's share at a fair valuation, keeping the business running. Our agreement includes a valuation mechanism for this scenario.
If trading under a name other than the partners' own names, you must register the business name with the CRO. The partnership itself does not need to be registered, but it must file a Form 1 partnership tax return annually with Revenue.
Related Documents
Further Reading
€79
One-time payment - no subscription
Solicitors charge €800-€1,500 for this
Overrides 1890 Act defaults
Capital and profit schedules
Exit and expulsion provisions
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