A solid partnership agreement sets the foundation for a successful business relationship. It defines roles, responsibilities, profit sharing, and how disputes will be handled: all crucial for avoiding future conflicts.
We’ve put together this partnership agreement questionnaire to make sure no critical detail is overlooked when preparing or reviewing an agreement. The purpose of this template is to help you gather clear and consistent information so you can confidently assess a partnership agreement.
Let’s dive in.
20 questions for your partnership agreement questionnaire
Partnership questionnaires aren’t carved in stone. On the contrary, we recommend customizing the template based on local laws and business needs. That’s also why this questionnaire can be adapted to fit different jurisdictions and partnership structures.
| Pro tip: You can quickly modify the wording, question types, or logic of this template using Content Snare. Businesses that use Content Snare report spending 71% less time gathering information, and see a 67% reduction in stalled projects thanks to automated collection workflows. Our secure client portal makes it easy to centralize and collect information, and you’ll see how it works through screenshot examples below. |
General information
The first section captures the basic details that define the partnership’s identity and scope. These foundational details set the stage for the rest of the contract.
1. What is the legal name of the partnership?
2. What is the principal place of business?
3. What is the partnership’s business purpose?
4. What is the duration of the partnership?
Options: Fixed term or indefinite.
Partners’ details
Here you’ll collect key information about all partners involved, including names, contact details, contributions, and ownership percentages. Clear records of contributions help avoid future misunderstandings.
5. List all partners’ names and contact information (phone and email).
6. What is each partner’s capital contribution?
Note: Clarify all from cash and property to services.
7. How will ownership percentages be allocated?
Management and decision-making
These questions define how the partnership will be managed on a daily basis. It also outlines which matters require unanimous consent versus majority approval. These rules lead to smoother operations and fair governance.
8. How will day-to-day management responsibilities be divided?
9. What decisions require unanimous consent?
Options: Admitting a new partner, Amending the partnership agreement, Taking on significant debt, Selling major partnership assets.
10. What decisions can be made by a majority vote?
Financial matters
The following set of questions focuses on profit sharing, loss allocation, and handling of additional funding. This is important because clear financial terms protect partners and minimize disputes.
11. How will profits and losses be allocated among partners?
12. Do you have a documented process for distributing profits?
If yes, upload this document.
13. How will additional contributions or loans from partners be handled?
Dispute resolution and exit strategy
This part addresses what happens when disagreements arise or when a partner leaves the business, which is a precondition for avoiding costly legal conflicts.
14. What is the procedure for resolving disputes between partners?
15. How can a partner voluntarily exit the partnership?
16. What happens if a partner dies or becomes incapacitated?
17. What is the process for admitting a new partner?
18. Under what circumstances can a partner be expelled?
Other
The final section covers important additional provisions. It ensures that matters like confidentiality and existing agreements are addressed.
19. Are there any non-compete or confidentiality provisions agreed upon by the partners?
20. Is there a formal written partnership agreement in place?
If yes, please upload the document.
Streamline your partnership agreement process with Content Snare
Content Snare is the perfect tool for collecting, managing, and securely storing partnership agreement data. It is widely reviewed on Capterra, G2, and the Xero App Store, and has been featured on sites like GoDaddy, SmartCompany, and Xero - all attesting to its reliability in managing sensitive partnership agreement data.
You can use Content Snare to:
- Build custom questionnaires with conditional logic to suit different types of partnerships.
- Automate reminders so information is collected on time.
- Track progress in real-time and avoid follow-up emails.
- Keep all documents organized in one secure portal.
Trusted by over 1,600 businesses in legal, finance, and professional services, Content Snare helps you reduce admin time and protect sensitive information with ISO 27001 certification and end-to-end encryption.
Start your 14-day free trial today and simplify partnership agreement data collection.
FAQ
How does Content Snare help with drafting partnership agreements?
Content Snare lets you design flexible forms tailored to any partnership structure or jurisdiction. You can collect complete information from all parties efficiently and securely, with progress tracking and automated reminders.
Is data collected through Content Snare secure?
Yes. Content Snare uses end-to-end encryption and is ISO 27001 certified. You control who accesses the data, ensuring compliance with data privacy regulations.
