![]() Parties agree to uphold their roles and responsibilities in a committed, good-faith manner. Partner B Roles and Responsibilities shall include (Enter Partner B's responsibilities). Include details such as reporting requirements, purchase dates, deadline dates, and other pertinent information that needs to be noted). ![]() Be as specific as possible, and list the information directly related to Partner A's business and desires as put forth in the recitals. Partner A Roles and Responsibilities shall include (Enter Partner A's responsibilities here. MaRS Discovery District expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this website.To achieve Parties' mutual desires, each party agrees to the following roles and responsibilities. The information contained in this website is provided only as general information and may or may not reflect the most current legal developments accordingly, information on this website is not promised or guaranteed to be correct or complete. ![]() Internet subscribers and online readers should not rely upon this sample legal document or the information contained in this website for any purpose without seeking legal advice from a qualified lawyer practicing in the reader’s province. Neither the transmission of this sample legal document nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, a lawyer-client relationship. This sample legal document has been made available by MaRS Discovery District in Toronto for informational purposes only and does not constitute advertising, a solicitation, or legal advice. Read next: Sample funding templates for Ontario investors and entrepreneurs While MaRS makes this document available for educational purposes and to facilitate the negotiation of terms between investors and startups looking at business growth, the template is yours to use at your own risk. In this type of partnership, the extent of liability and profit-sharing varies and will have been defined contractually from the start (see a sample template of a limited partnership agreement)ĭownloadable general partnership agreement sample templateĪs an innovation hub, MaRS has created a sample template of a general partnership agreement to help streamline business processes for investors, entrepreneurs and their respective legal advisors.
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