Browse Small Business & Solopreneurs SECTION 7: Vendor & Partner Relations

Partnership Agreement Outline

6 fill-in slots · from The AI Prompt Handbook for Small Business & Solopreneurs

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Partnership Agreement Outline

Help me outline a partnership agreement with [PARTNER TYPE].

Partnership context:
- My business: [NAME AND TYPE]
- Potential partner: [NAME AND TYPE]
- Nature of partnership: [DESCRIBE THE COLLABORATION]
- Goal: [WHAT WE WANT TO ACHIEVE TOGETHER]
- Duration: [SHORT-TERM PROJECT/ONGOING]

Create a partnership agreement outline covering:

1. Partnership Purpose and Scope
   - What we're doing together
   - What's in scope and out of scope
   - Shared goals and success metrics

2. Roles and Responsibilities
   - What I contribute (time, resources, expertise, assets)
   - What the partner contributes
   - Decision-making authority
   - Day-to-day management

3. Financial Arrangement
   - Revenue sharing model
   - Cost sharing
   - How expenses are tracked
   - Payment terms and schedule
   - Financial reporting requirements

4. Intellectual Property
   - Existing IP each party brings
   - New IP created during partnership
   - Licensing terms
   - Usage rights after partnership ends

5. Governance
   - How decisions are made
   - Dispute resolution process
   - Meeting and communication cadence

6. Performance and Accountability
   - KPIs and metrics
   - Review schedule
   - What happens if targets aren't met

7. Exit Terms
   - How either party can exit
   - Notice period
   - Wind-down process
   - Non-compete or non-solicitation terms

8. Legal Protections
   - Confidentiality
   - Liability allocation
   - Insurance requirements
   - Indemnification

DISCLAIMER: Have this reviewed by a business attorney before signing.
What concerns me most about this partnership: [CONCERNS]

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