The California partnership agreement is a document which will bind members of business partnerships (LP, GP, LLP, SP) to certain rules and regulations laid out within regarding the operations of the business. It will also dictate the interest percentages of each member of the partnership. Although the form is not legally required by California state law we highly recommend new partnerships draft an agreement as it very well may be the only document delineating partner interests and business operations in a legally binding way. You may download our free agreement template on this webpage, available in both MS Word and PDF formats.