All decisions shall be made by the PARTNERS who control a MAJORITY of the CAPITAL of the COMPANY, except as otherwise deemed appropriate by the PARTNERS. The future of the partnership business must be explained by explaining the process of admitting new partners. Also, you must mention what will happen if the partner dies or withdraws from the partnership. In the final stage, you need to pick the law which will govern the agreement and get it signed by the relevant authorities. Any PARTNER removed from the PARTNERSHIP shall be paid for all contributions, minus any liabilities incurred, and plus any gains or interest he/she is entitled to, immediately upon removal from the PARTNERSHIP. At such a time, all contributions and all other funds owed to the PARTNER shall be transferred to the designee, agent, or trust of the deceased PARTNER’s choosing. When you start a partnership business, it becomes essential for you to form a partnership agreement template. Here are certain steps that will help you form the pact easily;.