How much does it cost to get a partnership agreement?

A partnership agreement costs anywhere from nothing to several thousand dollars depending on who drafts it. Lawyer-drafted agreements commonly run $500 to $2,000 for straightforward two-partner businesses and $3,000 to $5,000 or more when equity structures, vesting, or multiple classes of partners get involved. Hourly drafting at $200 to $400 adds up fast.

Template-based agreements cost little or nothing and cover the standard decisions: contributions, splits, authority, exits, and dispute resolution.

A sensible split of the budget: use a vetted template to draft the full agreement and agree on every term with your partner first, then pay a lawyer to review the finished draft if the stakes justify it. Review hours cost a fraction of drafting hours, and the expensive part, the two of you deciding terms, is free.

Start the draft with this partnership agreement template.