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How to put together a business partnership agreement, including why you need one, what goes into it, and a free business partnership agreement template. When readers buy products and services discussed on our site, we often earn affiliate commissions that support our work.

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Small Business Partnership Agreement. PandaTip: This template is designed to serve as a basic document that establishes a formal partnership between two small businesses. As such, it covers only those terms which are most necessary when creating a business partnership.

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A business partnership letter of intent is commonly used as an initial proposal to form a business partnership with another party that precedes a written contract of agreement. The letter is not a required element of a business deal and is not a binding contract, but it can help clarify the details of the proposal so that both parties enter.

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