Fill and Sign the Form Partnership

Agreement to Form Partnership in Future to Conduct Business Agreement made the       day of       , 20       , between       of       , (Name of John X. Doe ) (Street Address, City, County, State, Zip Code) and       of       , (Name of Joe Z. Smith ) (Street Address, City, County, State, Zip Code) herein called the Prospective Partners; Whereas, the parties hereto contemplate a permanent business association as partners; and Whereas, in order to allow the parties to determine whether a permanent association between them will prove satisfactory, they wish to enter into a temporary agreement for a period of       months; (Number) Now, therefore, for and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Prospective Partners agree to form a partnership under the laws of the       , and particularly       , (Name of State) (citation of statute) for the following purposes:       . (Description of Purposes) 1. Initial Conduct of Business. John X. Doe agrees to loan to Joe Z. Smith, on the signing of this Agreement, the sum of $       , which Joe Z. Smith shall use in the general conduct of the following business:       . (Description of Business) John X. Doe shall associate himself with the business, which shall commence on the date of the parties' signing this Agreement and the payment of the mentioned $       to Joe Z. Smith. John X. Doe hall devote his full time and efforts, jointly with Joe Z. Smith in promoting, increasing, and developing the business. 2. Commissions and Monthly Draw. During the period of this Agreement, Joe Z. Smith agrees to pay John X. Doe for services as general salesperson and assistant a commission of       % on all sales made by John X. Doe and on repeat orders from the customers of John X. Doe. These commissions shall be credited to the personal account of John X. Doe once a month, and John X. Doe shall be permitted to draw $       monthly against the commissions for a period of       m onths. (Number) 3. Future Partnership Agreement. At the end of       months, unless the parties (Number) shall mutually agree to an earlier termination or an extension of the       -month period, the parties may enter into a joint partnership in the ownership and conduct of the Agreement to Form Partnership Page 1 of 2 business, with such proportionate ownership to each as they, at the time, may mutually agree. If the parties fail to reach a satisfactory agreement while this Agreement is in force, and if John X. Doe should withdraw from the business, John X. Doe shall be entitled to receive all commissions then due, together with a repayment of $       , including interest on that amount at the rate of       % per annum from       . (Date) 4. Guaranteed Compensation. If the aggregate commissions earned by John X. Doe during the period of this Agreement shall not equal the aggregate of $       per month for the period, Joe Z. Smith guarantees that $       per month shall be paid to John X. Doe for services rendered, with no obligation on the part of John X. Doe for any overdrawing in excess of any commissions earned. 5. Written Agreement. If John X. Doe and Joe Z. Smith agree at the termination of this Agreement to enter into a partnership as the owners of the above-described business, they shall do so in writing in the form of a partnership agreement, which agreement shall, among other things, set forth the ownership interest of each of the parties and the conditions under which the partnership is being created. WITNESS our signatures as of the day and date first above stated.             John X. Doe Joe Z. Smith Agreement to Form Partnership Page 2 of 2