Arizona Partnership Agreement

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Updated February 10, 2022

An Arizona partnership agreement is a contract among two (2) or more individuals that agree to enter into a mutually beneficial business venture. Depending on the type of entity incorporated, the partners may have different liabilities in regard to the finances of the partnership.

A partnership agreement is the only document that records the ownership interest of each partner and their duties and responsibilities.

“Partnership Agreement” Definition

“Partnership agreement” means the agreement, whether written, oral or implied, among the partners concerning the partnership, including amendments to the partnership agreement.

Source: ARS 29-1001(12)

Allowed Partnership Types