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Delaware Partnership Agreement

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Delaware Partnership Agreement

Updated March 19, 2024

A Delaware partnership agreement is a contract among business owners stipulating the rights, duties, and ownership rights of each partner. In General Partnerships, all partners share personal liability based on their ownership stake. In Limited Partnerships, partners may limit their personal liability in the business as determined by the agreement. To form a Limited Partnership in Delaware, a certificate must be filed with the Secretary of State.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[2]
  • Limited Liability Partnership (LLP)[3]
  • Limited Liability Limited Partnership (LLLP)[4]
  • Limited Liability Companies (LLC)[5]


  1. § 17-401
  2. § 17-101 to § 17-113
  3. § 15-1001 to § 15-1004
  4. § 17-214
  5. § 18-101-113