Fill and Sign the Letter of Agreement between Two Parties Sample Letter Form

Agreement to Form Partnership in the Future in Order to Carry on a Profession Agreement made _____________________ (date of agreement), between _____________________ (Name of Partner One) , of _________________________________________ (street address, city, county, state, zip code) , referred to herein as Partner One, and _____________________ (Name of Partner Two) , of _________________________________________ (street address, city, county, state, zip code) , referred to herein as Partner Two, said Partner One and Partner Two being jointly called the Prospective Partners ; For and in consideration of the mutual promises contained in this Agreement, Prospective Partners agree to form a professional partnership under the laws of _____________________ (name of state) , and particularly _________________ (citation of statute applicable to professional partnerships) , for the following purposes: _________________________________________ (description of purposes) . 1. Prospective Partners shall enter into a written partnership agreement to practice _________________________________________ (description of or name of profession) on or before _____________________ (date), on condition that the arrangement that they are operating under presently, as associates, is satisfactory to each of them, both financially and professionally, at the conclusion of that period. 2. Prosp ectiv e Partners shall each share the _____________________ (client or patient) workload, and each shall be entitled to an equal share of the net profits of the Partnership, payable on a monthly basis. Each will devote ________ (his and/or her) full time to the practice and will not have any outside business interests that may or will compete with these activities. WITNESS our signatures as of the day and date first above stated. ________________________ _________________________ (Signature of Partner One) (Signature of Partner Two) _____________________ _____________________ (Printed Name of Partner One) (Printed Name of Partner Two)