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New Jersey Partnership Agreement

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New Jersey Partnership Agreement

Updated March 19, 2024

A New Jersey partnership agreement is a legally binding document that lays out distinguished roles, responsibilities, and liabilities for each partner involved. It customarily declares dissolution, dispute resolution, duration, ownership interests, and liabilities. The agreement has to be as extensive as possible to limit disagreements and confusion in the future.

Partnership Types

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


  1. Title 42, Chapter 1A (§§ 1-56)
  2. Title 42, Chapter 2A (§§ 1-73)
  3. § 42:1A-47
  4. Title 42, Chapter 2C (§§ 1-94)