Practice Area
Partnership Agreement Attorney in Tennessee
Going into business with someone without a written partnership agreement does not mean you have none — Tennessee's default statute is filling in the terms for you, and the defaults rarely match what you actually intended. A short, well-drafted agreement replaces those defaults with what the partners really agreed to.
This page covers a focused service. For the broader editorial practice area, see Owner Disputes in Tennessee.
A handshake is a partnership agreement — just a bad one
Without a written agreement, Tennessee's default partnership rules govern your profit splits, your authority, and what happens at exit, and those defaults are almost never what the partners had in mind. I draft the document that puts your actual deal on paper: capital contributions, profit and loss allocation, who has authority to decide what, transfer restrictions, dissociation, dissolution, and how disputes get resolved. For a limited partnership, that also means the GP-LP relationship and the protective provisions limited partners expect.
Sized to the deal, not to a template
A project-specific venture — a single real-estate deal, a time-limited joint venture — does not need long-horizon governance; it needs clean exit triggers and wind-up mechanics. A long-running partnership needs the opposite. I size the agreement to what the partnership actually is.
Whether you are formalizing a handshake, structuring a one-deal joint venture, or operating as a partnership instead of an LLC, the right terms follow the partners and the deal. Tell me who is involved and what you are building and I will draft to fit.
How to start
Send a short summary of the partnership and the partners involved. Fit and pricing generally returned within one business day.
Related services
The information on this page is provided for general educational purposes only and is not legal advice. Laws change and facts matter; every situation is nuanced. If you would like the office to evaluate your specific facts, please share the basics below and we will be in touch.
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