Download Free Partnership Agreement Template for Tennessee
Define terms between business partners
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PARTNERSHIP AGREEMENT State of Tennessee This Partnership Agreement is entered into on [DATE] by: PARTNERS: Partner 1: [NAME], Address: [ADDRESS], TN [ZIP] Partner 2: [NAME], Address: [ADDRESS], TN [ZIP] PARTNERSHIP NAME: [PARTNERSHIP NAME] Principal Place of Business: [ADDRESS], TN [ZIP] 1. PURPOSE: [DESCRIBE BUSINESS PURPOSE] 2. TERM: Beginning [DATE] and continuing until dissolved. 3. CAPITAL CONTRIBUTIONS: Partner 1: $[AMOUNT] Partner 2: $[AMOUNT] 4. PROFIT/LOSS SHARING: Partner 1: [PERCENTAGE]% Partner 2: [PERCENTAGE]% 5. MANAGEMENT: [ ] All partners equally [ ] Managing partner: [NAME] 6. SALARIES: [DESCRIBE OR STATE NONE] 7. WITHDRAWAL: A partner may withdraw with [DAYS] days written notice. 8. DISSOLUTION: The partnership dissolves upon mutual agreement, death, or court order. 9. DISPUTE RESOLUTION: Disputes shall be resolved by [MEDIATION/ARBITRATION] in Tennessee. This agreement is governed by Tennessee Uniform Partnership Act (TN Statutes). PARTNER 1: _____________________ DATE: _____ PARTNER 2: _____________________ DATE: _____
Michael Chen, Esq.
Real Estate Law Consultant
Bar Certified, Real Estate Expert
Expert in property transactions and real estate documentation
This Partnership Agreement template for Tennessee has been reviewed for accuracy and legal compliance.
Last reviewed: March 2026
Tennessee Partnership Agreement Requirements
Review the following requirements to ensure your Partnership Agreement is legally valid in Tennessee.
Tennessee Notarization
Tennessee requires 2 witnesses and notarization may be mandatory. Fees typically range from $5.
Before You Sign
Review all information carefully. In Tennessee, a 7% sales tax may apply.
Legal Protection
Keep copies of all signed documents. Tennessee law requires all parties to receive copies of executed documents.
Tennessee Filing Deadlines
Check Tennessee deadlines for filing or recording this document with the appropriate county clerk's office.
FAQ: Partnership Agreement in Tennessee
Is a Partnership Agreement required in Tennessee?
Yes, in Tennessee, a Partnership Agreement is required for most transactions of this type. Under Tennessee State Code, the document must include all parties' information, be signed, and witnessed by 2 individuals. Failure to use a proper Partnership Agreement may result in legal complications.
Does a Partnership Agreement need to be notarized in Tennessee?
Notarization requirements in Tennessee (TN) vary by transaction type. Notary fees in the state typically range from $5. While not always mandatory, notarization adds an extra layer of legal protection and is recommended for high-value transactions.
What are the tax implications of a Partnership Agreement in Tennessee?
Tennessee has a base sales tax rate of 7%. Depending on the type of transaction documented in your Partnership Agreement, additional local taxes may apply. Consult with a Tennessee tax professional for specific guidance on your situation.
Tennessee Partnership Agreement Legal Guide
According to Tennessee laws, this agreement holds legal weight once properly signed and notarized, ensuring compliance with state regulations.
Pursuant to Tennessee State Code in Tennessee, this Partnership Agreement must meet specific criteria. The applicable sales tax is 7%. Notarization, which costs $5 in TN, may be required depending on the transaction type. 2 witnesses are needed.
This document offers comprehensive legal protection tailored specifically to Tennessee's unique statutory framework.
How to Complete This Form
Start by gathering all necessary information: party names, addresses, and relevant details specific to your transaction. Tennessee law under TN requires accuracy in every field. Once completed, have all parties review the document before signing. Depending on the transaction type, Tennessee may require notarization or witness signatures.
Legal Validity & Enforcement
Once properly executed, your Partnership Agreement is legally binding in Tennessee and enforceable in TN courts. The document remains valid indefinitely unless revoked or superseded. Tennessee courts generally uphold properly executed documents, provided they comply with applicable TN statutes.
What Tennessee Attorneys Want You to Know
Practicing lawyers in Tennessee emphasize three things: accuracy, completeness, and compliance with TN statutes. A well-prepared Partnership Agreement saves time, money, and potential legal headaches down the road. When in doubt, a brief consultation with a Tennessee-licensed attorney is worth the investment.
What Tennessee Law Requires
Tennessee's statutes are clear: a valid Partnership Agreement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under TN law can render the document unenforceable.
Once properly executed, your Partnership Agreement is legally binding in Tennessee and enforceable in TN courts. The document remains valid indefinitely unless revoked or superseded. Tennessee courts generally uphold properly executed documents, provided they comply with applicable TN statutes.
What Tennessee Attorneys Want You to Know
Practicing lawyers in Tennessee emphasize three things: accuracy, completeness, and compliance with TN statutes. A well-prepared Partnership Agreement saves time, money, and potential legal headaches down the road. When in doubt, a brief consultation with a Tennessee-licensed attorney is worth the investment.
What Tennessee Law Requires
Tennessee's statutes are clear: a valid Partnership Agreement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under TN law can render the document unenforceable.
Tennessee's statutes are clear: a valid Partnership Agreement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under TN law can render the document unenforceable.
Partnership Agreement Costs in Tennessee
Estimated fees and processing times
| Fee Type | Cost | Notes |
|---|---|---|
| Notary Fee | $5-$15 (if required) | Tennessee standard rate: $5 |
| Filing Fee | Varies by state | State registration (if applicable) |
| Processing Time | 1-3 business days | Typical turnaround in Tennessee |
| Sales Tax | 7% | Tennessee base rate (local taxes may apply) |
| Witness Requirement | 2 witnesses | Tennessee requires multiple witnesses |
| Our Template | FREE | Download instantly, no cost |
Where to File Your Partnership Agreement in Tennessee
Visit your local County Clerk office to file or notarize your Partnership Agreement.
Tennessee County Clerk
Tennessee Capital
Main Government Building, Tennessee
District County Clerk
Tennessee Metro Area
County Courthouse, TN
Other Forms in Tennessee
Partnership Agreement in Neighboring States
Document Information
- Document
- Partnership Agreement
- State
- Tennessee (TN)
- Category
- Business
- Format
- PDF / Word / Print
- Cost
- 100% Free
- Sales Tax
- 7%
- Notary Fee
- $5
Tennessee Legal Requirements
Governing Statute:
State Law
- ✓Consult with a licensed attorney for specific requirements
Legal Disclaimer
This template is for informational purposes only and does not constitute legal advice. Laws in Tennessee may change. Consult a licensed attorney for advice specific to your situation.