Partnership Agreement
Secure your Texas CRE brokerage with a custom Partnership Agreement. Address CAM disputes, commission triggers, and Tex. Bus. & Com. Code compliance today.
Fill the form
Customized fields for your role
Preview live
See your document update in real time
Download PDF
Free watermarked or $9 clean copy
In the high-stakes world of Texas commercial real estate, a handshake isn't enough to protect your commissions or mitigate liabilities from triple net leases and CAM audits. This partnership... Read more
In the high-stakes world of Texas commercial real estate, a handshake isn't enough to protect your commissions or mitigate liabilities from triple net leases and CAM audits. This partnership agreement is specifically architected for Texas brokers, ensuring your entity complies with the Texas Business and Commerce Code while clearly defining 'trigger points' for commission payments. By establishing robust indemnification clauses and profit-sharing structures now, you protect your cap rate and professional standing against misrepresentation claims and the complexities of Texas community property and homestead laws.
Beyond the standard partnership agreement sections, this template adds fields specific to Commercial Real Estate Broker:
A Partnership Agreement legally establishes the rights, responsibilities, and obligations of each partner involved in a business partnership. Its core purpose is to detail how the partnership will operate, distribute profits and losses, and outline procedures for resolving disputes and handling eventualities such as withdrawal or death of a partner.
Misrepresentation claims
Detailed disclaimers in contracts stating that all representations are believed to be accurate but should be independently verified by clients.
Commission disputes
Clear agency agreements and commission schedules included in contracts outlining the fees and when they are earned.
For this partnership agreement to be legally valid:
Common mistakes to avoid:
Under Tex. Bus. & Com. Code § 26.01, real estate related agreements must be in writing. This document eliminates 'trigger point' ambiguities by defining exactly when a commission is earned—whether at LOI, lease execution, or tenant improvement (TI) commencement—to prevent internal disputes and ensure compliance with RESPA and TILA transparency standards.
Yes. By including specific Management and Control clauses and an Indemnification section, the agreement limits individual partner exposure. It accounts for Texas-specific risks, such as DTPA consumer protection claims, by mandating detailed disclaimers and independent verification requirements for all property representations.
The agreement includes mandatory Withdrawal and Dissolution clauses. Because Texas is a community property state, the document provides structured buyout procedures to handle the transfer of interests without disrupting the brokerage's operations or violating Texas-specific non-compete requirements under Tex. Bus. & Com. Code § 15.50.
Not sure if you need this?
State laws affect what must be in this document. Pick your jurisdiction.
Partnership Agreement
Create a New York-compliant Partnership Agreement for paralegals. Includes NY SHIELD Act, General Obligations Law, and UPL risk mitigation templates.
Partnership Agreement
Create a legally binding New York partnership agreement for your pest control business. Compliant with NY SHIELD Act, EPA standards, and General Obligations Law.
Partnership Agreement
Create a legally compliant NY Partnership Agreement for general contractors. Protect your construction firm with NY SHIELD Act and General Obligations Law provisions.
Partnership Agreement
Secure your Texas immigration law practice with a custom Partnership Agreement. Compliant with Texas Business and Commerce Code and USCIS ethics standards.
Power of Attorney
Create a MA-compliant Power of Attorney for commercial real estate. Manage LOIs, Triple Net Leases, and CAM negotiations under Chapter 93A and state law.
Non-Disclosure Agreement
Create a New York-specific NDA for commercial real estate. Protect cap rate data, tenant lists, and commissions while ensuring NY SHIELD Act compliance.
Power of Attorney
Create a Minnesota-compliant Power of Attorney for commercial real estate transactions. Manage LOIs, Triple Net Leases, and CAM negotiations under MN statutes.
Bill of Sale
Create a Minnesota-compliant Bill of Sale for commercial real estate assets. Protect commissions and transfer ownership under UCC and Minn. Stat. § 513.01.