Partnership Acknowledgement Letter

A partnership acknowledgement is an agreement or a written statement by a partner in a company stating that he is actually a partner in the mentioned company or corporation and by signing the acknowledgement; he takes all the responsibilities that come with the partnership in the mentioned corporation. This is a legal document that is used in many cases but most importantly, when there is a liability on a company, the case filing party can use the partnership acknowledgement to prove that the mentioned people in the case are definitely partners in the company hence responsible for the liability.

Brief description of the Partnership Acknowledgement:

When you invest in a company and become a partner either general or common, you don’t only get to enjoy the profit that the company makes but you also need to take responsibility of all liabilities that might come with the business. For example, if a supplier claims that your company hasn’t made the payment even if the agreed date is passed and he wants to file a law suit against your company and the partners, you will need to stand with the other partners and face the legal situations in order to solve the matter. This explains that it is possible if there is a liability or possibility of it, a partner might back off from taking the responsibility. This is why the partnership acknowledgement is signed in order to prove the part and role of each partner in the operations and working of the company. This acknowledgement is signed in the notary department in front of a clerk or authorized person and that person also need to sign the acknowledgement along with the acknowledger in order to authenticate the acknowledgement.

Key elements to include in the Partnership Acknowledgement:

  • Name of state and country for record purposes
  • Name of the company that is under discussion in the acknowledgement
  • Proper date when the acknowledgement is being signed (i.e. day, month and year)
  • Name of the partner or group of partners who are signing the acknowledgement
  • Names of the owners, directors and stockholders of the company that is under discussion in the acknowledgement
  • Details of the acknowledgement signed and sworn by the acknowledgers
  • Signature of the partner or group of partners who are taking acknowledgement
  • Signature of the notary public clerk or an authorized person assigned for this purpose

Importance and uses of the Partnership Acknowledgement:

From the above given content, you can easily understand that this document or agreement is only used for partnership purposes in companies and organizations. When a company includes new partners, they are asked to sign this acknowledgement in order to make their partnership legal and authenticated where on the other hand, this acknowledgement document also proves that the mentioned person in the acknowledgement is in fact the partner in the company and the directors or general partner allows him to make deals with other companies on behalf of the organization.

Here is preview of a Free Sample Partnership Acknowledgement Letter created in Fill-able PDF Format,

Partnership Acknowledgement Letter

Here is download link for this Partnership Acknowledgement Letter,

Download Partnership Acknowledgement Letter

Related Fillable PDF Forms

  • Acknowledgement Letter for Modified TermsAcknowledgement Letter for Modified Terms We can describe the modified terms as the new clauses, terms and conditions that both parties want to include in the actual written contract or agreement. It is important to modify the actual written and signed contract separately because once an agreement is signed by the both parties, […]
  • Debt Acknowledgement Letter SampleDebt Acknowledgement Letter Sample Other than the banks and loan firms, when people borrow money from their friends, coworkers and relatives, they don’t sign a legal contract or loan agreement with them. This is not necessary when you deal with a close friend or relative and you believe that they will return the debt in […]
  • Sale-on-Approval Acknowledgement LetterSale-on-Approval Acknowledgement Letter When a buyer places an order with a vendor or supplier, he is required to send a purchase order to the supplier in order to initiate the delivery process. Once the buyer sends the purchase order, the supplier considers it as the approval for sale and sends a notice back to the buyer […]
  • Partnership Agreement TemplatePartnership Agreement Template A partnership agreement is a legal contract that is signed between the investors who contributed to start a company and who own ownership rights in the company. This agreement on one hand, legalize the partnership of each partner in the company putting them responsible for the […]
  • Limited Partnership Certificate TemplateLimited Partnership Certificate Template When we talk about partnerships in businesses, there are generally two types including; general partnership and limited partnership. In the general partnership, all the partners share the same rights and ownership on the business and equally responsible for all the debts and liabilities […]
  • Demand Letter for ContributionDemand Letter for Contribution There are many situations and scenarios in which one partner in a business or company wants something from some other partner. In this case, the partner who needs something from the other partner is required to make a formal request to the other partner so that the other partner receives […]
  • Inspection Demand Form (Corporate Books and Records)Inspection Demand Form (Corporate Books and Records) When a person, a company or a government department wants to check and inspect the books i.e. ledgers and records of a company, they are required to make a formal request or demand to the owner and the members of board of directors of that company. The key reason of writing this letter […]
  • Partners Certificate Template (Fictitious or Assumed Name)Partners Certificate Template (Fictitious or Assumed Name) This certificate is not very common and it is only used when the company isn’t a sole proprietorship or in simple words, when there are multiple partners owning and running the company. Before the company owners can use a fictitious or assumed name in order to conduct business with […]
  • Final Notice Before Legal ActionFinal Notice Before Legal Action If you are having a dispute related to anything with someone and the agreement you both signed allows you to take legal action against the other party, probably it’s still not the good time to involve a court in the matter and you should try one last time to resolve the matter without […]
  • Demand Letter to Endorser for PaymentDemand Letter to Endorser for Payment An endorser who is also known as the transferee is a person who has the authority to sign a negotiable document in order to transfer the ownership to another person. Usually negotiable documents or instruments include checks, transfer deeds, property ownership documents and promissory […]