A partnership agreement is a legal document that outlines the terms governing the collaboration between two or more parties in a business. Create yours today with our free template.With this general partnership agreement template, you'll set the expectations and terms of your partnership with your business partner. A restaurant partnership agreement is a legally binding document that outlines the terms and conditions of a business partnership in the restaurant industry. In this guide to business contracts, explore business contract templates and examples for small and growing businesses. The partners shall provide their full-time services and best efforts on behalf of the partnership. This agreement sample will regulate the activities of your small businesses, so make sure you don't miss important business aspects. The key points are: - The parties agree to form a partnership to own, develop, manage and sell real property. A partnership agreement in a business is basically a written contract between business partners. This template is intended to provide a general outline that you can use to create your own agreements.