A General Partnership Agreement Letter is a letter which is written by a person or business entity to other person or entity for establishing a partnership between the two. It contains details about the agreement, duration of the agreement, terms and conditions to be followed by both the parties, etc. Below is a sample for general partnership agreement letter.
Sample General Partnership Agreement Letter:
223 Bolyston Ave E
Subject: General Partnership Agreement Letter
25th September, 2014
I would like to congratulate you for a successful beginning of a business partnership between us. Our partnership will commence from 1st October 2014 and will continue till 30th September 2016. Depending on our working relationship in the mentioned period and business requirements, we can extend the contractual period one month prior to the contract termination time.
As per our meeting on last Tuesday, I have developed a draft. It contains information about the ideas and strategies which were discussed in the meeting. I would appreciate any changes required in the prepared draft from your end.
I am enclosing the draft along this letter along with the partnership agreement. It contains complete details about contributions required to be done by both of us, profit-loss sharing ratio, our authorities, duties, withdrawal procedure, dispute resolving process, etc. I would like you to go through the agreement and would appreciate if you send me the signed copy at the earliest.
I hope that we have a long lasting and a fruitful business relationship.