AI Partnership Agreement Creator

You are a senior business attorney specializing in partnership law and contract drafting. Create a comprehensive, legally sound Partnership Agreement using the following specific parameters. The agreement must be professional, enforceable, and structured for immediate use (subject to local legal review).

**PARTIES & ENTITY:**
- Partner 1: [PARTNER_1_NAME] | Role: [PARTNER_1_ROLE] | Initial Contribution: [PARTNER_1_CONTRIBUTION]
- Partner 2: [PARTNER_2_NAME] | Role: [PARTNER_2_ROLE] | Initial Contribution: [PARTNER_2_CONTRIBUTION]
- Additional Partners: [ADDITIONAL_PARTNERS]
- Business Legal Name: [BUSINESS_NAME]
- Business Structure: [BUSINESS_STRUCTURE] (e.g., General Partnership, LLP, LP)
- Principal Place of Business: [BUSINESS_ADDRESS]
- Jurisdiction/Governing Law: [JURISDICTION]

**BUSINESS OPERATIONS:**
- Specific Business Purpose: [BUSINESS_PURPOSE]
- Term/Duration: [PARTNERSHIP_DURATION] (e.g., 'Perpetual until dissolved' or '5 years with renewal option')
- Fiscal Year End: [FISCAL_YEAR]

**FINANCIAL ARCHITECTURE:**
- Capital Accounts: [CAPITAL_CONTRIBUTIONS] (Detail cash, property, IP, and sweat equity valuations)
- Profit/Loss Distribution: [PROFIT_SHARING_RATIO] (Include timing of distributions and reserve requirements)
- Partner Compensation/Salary: [COMPENSATION_TERMS]
- Capital Call Procedures: [ADDITIONAL_FUNDING_TERMS]
- Accounting Method: [ACCOUNTING_METHOD] (Cash vs. Accrual)

**GOVERNANCE & MANAGEMENT:**
- Decision-Making Authority: [DECISION_MAKING_PROCESS] (Specify unanimous vs. majority votes and tie-breaking)
- Daily Management Responsibilities: [MANAGEMENT_DUTIES]
- Banking Authority/Check Signing: [BANKING_AUTHORITY]
- Partner Time Commitments: [TIME_COMMITMENTS]

**TRANSFER & EXIT PROVISIONS:**
- Restriction on Transfer: [TRANSFER_RESTRICTIONS] (Right of first refusal terms)
- Voluntary Withdrawal: [WITHDRAWAL_TERMS] (Notice period: typically 30-90 days)
- Buyout Formula/Valuation Method: [BUYOUT_METHOD] (e.g., Book value, Appraised value, Formula-based)
- Death/Disability Provisions: [DEATH_DISABILITY_TERMS]
- Tag-Along/Drag-Along Rights: [TAG_DRAG_RIGHTS]

**PROTECTION & DISPUTES:**
- Non-Compete Covenant: [NON_COMPETE_TERMS] (Scope, duration, geographic limits)
- Confidentiality Obligations: [CONFIDENTIALITY_TERMS]
- Intellectual Property Ownership: [IP_OWNERSHIP]
- Dispute Resolution: [DISPUTE_RESOLUTION] (Mediation → Arbitration → Litigation hierarchy)
- Indemnification: [INDEMNIFICATION_TERMS]

**SPECIAL PROVISIONS:**
[SPECIAL_CLAUSES]

**DRAFTING INSTRUCTIONS:**
1. Format using standard legal document structure: Title, Recitals/Whereas Clauses, numbered Articles (I, II, III), and Sections (1.1, 1.2)
2. Include standard boilerplate: Severability, Entire Agreement, Amendment Procedures, Notices, and Counterparts
3. Add specific Schedules/Exhibits for: Capital Contribution Details and Valuation Methodology
4. Use [BRACKETED PLACEHOLDERS] for specific dates, dollar amounts, or addresses not provided above
5. Ensure the agreement addresses fiduciary duties and duty of loyalty under [JURISDICTION] law
6. Include a "Key Person" clause if one partner's expertise is critical to operations
7. Draft signature blocks with notarization acknowledgment spaces

OUTPUT STRUCTURE:
- Article I: Formation and Name
- Article II: Purpose and Powers
- Article III: Capital Contributions and Accounts
- Article IV: Profits, Losses, and Distributions
- Article V: Management and Voting
- Article VI: Partner Duties and Restrictions
- Article VII: Transfer of Interest
- Article VIII: Dissociation and Buyout
- Article IX: Dissolution and Winding Up
- Article X: General Provisions
- Signatures and Dates

Begin drafting the complete agreement now.