Set up your document

WHEREAS the undersigned desires to set out in writing the matters described below;

WHEREAS this document has been prepared with reference to the laws of Ontario, Canada;

NOW, THEREFORE, the following provisions shall apply:

October 23, 2026

In plain language: the people below agree to run a business together as a partnership. This agreement sets out who owns what share, who contributed what, how profits are split, and how decisions get made.

Partner 1: Jordan Miller

Partner 2: Casey Lee

The partners will carry on business together under the name "Example Café Partnership" (the "Partnership"). The business of the Partnership is: Operating a specialty coffee shop at 300 Example Drive, Vancouver, BC.

Partner 1 — Jordan Miller: ownership 60%, capital contribution $30,000

Partner 2 — Casey Lee: ownership 40%, capital contribution $20,000

Ownership shares may only be transferred with the written consent of all partners.

Profits and losses are shared in proportion to each partner's ownership share. Drawings by partners require the agreement of the partners and must leave the Partnership able to meet its obligations.

Day-to-day decisions are made by a majority of the partners (by ownership share). The following require unanimous agreement: admitting a new partner, selling all or substantially all partnership assets, borrowing above $10,000, and dissolving the partnership.

Each partner will: (a) devote reasonable time and attention to the Partnership's business; (b) act honestly and in good faith in the Partnership's best interests; (c) not use Partnership property or confidential information for personal benefit; and (d) account to the Partnership for any benefit derived from Partnership business.

The Partnership will keep proper books of account. Each partner may inspect the books at reasonable times. The fiscal year-end is December 31 unless the partners agree otherwise.

The Partnership begins on the date above and continues until dissolved. The Partnership dissolves on: (a) the unanimous agreement of the partners; (b) the bankruptcy or death of a partner, unless the remaining partners agree in writing to continue; or (c) as required by law. On dissolution, assets are applied first to debts, then to return capital contributions, then distributed per Section 4.

During the term of the partnership and for 12 months after ceasing to be a partner, no partner will, directly or indirectly, carry on or be engaged in a business that competes with the Partnership's business within Canada, without the written consent of the remaining partners.

This agreement is governed by the laws of Ontario and the federal laws of Canada applicable there. The parties submit to the courts of Ontario for any dispute under this agreement.

Jordan Miller

Casey Lee

IMPORTANT: This is a template, not legal advice. Partnerships create personal liability for each partner, and tax treatment depends on your structure — many businesses incorporate instead. Have this agreement reviewed by a licensed lawyer in Ontario before signing.

IN WITNESS WHEREOF, the undersigned has duly executed this document as of the date first written above.

Executed by:

Printed name:

Printed name:

This document is a self-help template and does not constitute legal advice. Independent legal advice from a licensed lawyer in Ontario is recommended before reliance.