Free Partnership Agreement Amendment

A partnership agreement amendment changes a partnership agreement while keeping most of that original document intact.

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You already have a Partnership Agreement in place for you and your business partner(s), but some of the terms and considerations contained in this governing document seem outdated in light of your success.

Making changes to your already executed agreement is normal and necessary as your business grows. Fortunately, you do not have to redo the whole document - you just need a Partnership Agreement Amendment.

By creating this amendment, the majority of the original agreement will remain intact. You and your partner(s) will retain the same legal protections as you did with the initial document.

Frequently Asked Questions

 

A partnership agreement amendment is a legally binding document that makes changes to your original partnership agreement while keeping most of that document intact. 

 

 

If you and your business partner already have a signed partnership agreement in place and need to change anything in the agreement, you do not have to go through the hassle of creating a new agreement - you just need to mark the change in the partnership agreement amendment.

The components of a Partnership Agreement Amendment are:

  • Recitals and Definitions - The recitals describe the who, where, when and why of the amendment;

    • The names of all partners are given;

    • The date of this amendment is listed; and

    • The reason for the amendment is the partner’s desire to change the partnership agreement.

  • Amendments

    • This portion of the document describe how the original partnership agreement is being changed.

    • Deletions - If you are deleting a section of the Partnership Agreement, it will suffice to simply write in this Amendment “Section 5.1 is deleted in its entirety,” or something to that effect.

    • Revisions - If you are revising or adding a section, specify the number of the section that is being changed, along with all substantive changes to the existing sections.

    • Additions - You may also use this amendment to add sections to the existing Partnership Agreement. Specify the name and number of the new section along with the text of the new section.

  • Waiver

    • By executing this amendment, the partners state that they waive/satisfy any requirements for amending the partnership agreement.

  • Signatures

    • All partners must sign the amendment.

 

Our propriety form generator will assist you in creating your customized Partnership Agreement Amendment within minutes. Answering the questions is not complicated – you only need to know the basics of the transaction. 

Once you complete the questionnaire and place your order, it will be available for immediate download in either PDF or Word document from your secure online account including a step-by-step guide on how to use your document.   

 

 

Generally, a partnership agreement amendment does not need to be notarized – you only need to sign the document to make it legally enforceable. A witness may be helpful if the other party attempts to contest the document, but a notary is not necessary.

Please Note: The use of a notary ensures that no one challenges any signatures later and is a secure way to firmly establish the effectiveness of your document.

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Applicable to all 50 states
Applicable to all 50 states

Our documents are vetted by lawyers and are applicable to all 50 states.