Resource Guide for Drafting a Partnership Contract

A partnership contract is a legally binding document that outlines the terms and conditions of a partnership between two or more parties. For a nonprofit organization, a partnership contract is an essential tool for ensuring that the organization’s goals and objectives are met, while also protecting the interests of all parties involved. This guide will provide a step-by-step walkthrough for drafting a partnership contract for your organization.

1. Identify the parties involved: The first step in drafting a partnership contract for a nonprofit is to identify all the parties involved in the partnership (i.e. the names and addresses of the nonprofit organization and any other organizations or individuals who will be involved in the partnership).
2. Define the purpose of the partnership: The next step is to clearly define the purpose of the partnership. You should provide a detailed description of the goals and objectives of the partnership. What are the specific projects or initiatives that will be undertaken as part of the partnership?
3. Establish the terms of the partnership: Once the purpose of the partnership has been defined, the next step is to establish the terms of the partnership. Over what period of time will the partnership take place? What are the roles and responsibilities of each party? Are there any financial considerations? You can learn more about determining your pricing structure here.
4. Outline the communication and reporting requirements: It is important to outline the communication and reporting requirements for the partnership. How often will you be expected to meet? How will progress be tracked and reported? Is there a point of contact?
5. Define the decision-making process: The partnership contract should also define the decision-making process for the partnership. How will decision be made? If a problem arises, how will it be handled?
6. Address any legal considerations: Finally, it is important to address any legal considerations that may be involved in the partnership. Try to have a legal expert look over your contract. Some legal experts offer pro bono services.
7. Review and sign the contract: Lastly, make sure to review the contract carefully and make any necessary revisions. Once the contract is finalized, it should be signed by all parties involved in the partnership.
8. Make revisions as needed: It is important to keep the contract updated in case of any changes in the partnership. You can always make amendments as needed.