Download Oklahoma Partnership Agreement Templates [PDF]

The Oklahoma partnership agreement is a legal document made between two or more partners that provides details on initial investment, rights, and duties in the business partnership they are establishing.

In most cases, partnerships are established between partners that have different resources, like know-how, capital, or equipment, that can be joined together with the common goal of establishing a certain business.

The Oklahoma partnership agreement is also commonly referred to as:

Other Names for Oklahoma Purchase Agreement

Oklahoma partnership deed
Oklahoma partnership contract
Oklahoma articles of partnership

Oklahoma partnership deed
Oklahoma partnership contract
Oklahoma articles of partnership

Oklahoma Partnership Agreement Types

Here, you can find different partnership agreement types used in Oklahoma:

Types of Partnership Agreement

General Partnership (GP): Here, all partners are authorized to participate in a decision-making process. However, they all have unlimited liability for business operations with all of their personal assets. (§54-1-100 to §54-1-1207)
Limited Partnership (LP): This is the partnership between the general partners, who have unlimited liability for the business operations and are able to make decisions, and the limited partners, who are not able to make decisions but are not fully liable for the business operations. (§54-1-100 to §54-1-1207)
Limited Liability Partnership (LLP): Here, all partners equally participate in the decision-making process, and they are liable only for actions they have personally taken within the partnership. (§54-1-101(5))

Oklahoma Partnership Agreement Requirements

The Oklahoma partnership agreement format should include the following:

Mandatory Requirements