1. LawDepot Partnership Agreement Tool (Updated 2020)

Overview: LawDepot’s partnership agreement tool, updated in 2020, offers a user-friendly interface to draft custom partnership agreements tailored to various business types. It provides step-by-step guidance, ensuring even those with limited legal knowledge can generate comprehensive contracts.

The solution includes options for specifying profit shares, roles, dispute resolution methods, and termination clauses. Users can download the agreements in multiple formats and access customer support for legal inquiries.

While LawDepot is cost-effective and fast, it may lack in-depth customization for complex partnerships requiring specialized clauses. Nonetheless, it remains a favored choice for SMEs needing quick, straightforward agreement drafting. (Source: LawDepot official website, 2020)

2. Rocket Lawyer Partnership Agreement Service (Enhanced 2021)

Overview: Rocket Lawyer’s partnership agreement service, enhanced in 2021, integrates AI-driven document drafting with legal advice from licensed attorneys. This hybrid model ensures documents are legally sound and personalized.

The platform offers a monthly subscription enabling unlimited document creation, review, and e-signing, which is ideal for growing businesses. It emphasizes user collaboration by allowing partners to review and edit agreements collaboratively online.

The main downside is the subscription model, which might be pricey for small partnerships. However, the availability of lawyer consultations justifies the investment for those seeking legal reassurances. (Source: Rocket Lawyer product updates, 2021)

3. UpCounsel Partnership Agreement Services (Launched 2019)

Overview: UpCounsel entered the partnership agreement market in 2019 by connecting businesses with a network of freelance attorneys who specialize in drafting and customizing agreements.

This marketplace model provides flexibility and tailored legal expertise, especially beneficial for complex partnership structures or unique business requirements. Clients can request bids, review attorney profiles, and negotiate pricing directly.

The service is more expensive than templated solutions but excels in providing thorough, legally defensible agreements crafted by qualified professionals, suitable for high-stakes partnerships. (Source: UpCounsel platform info, 2019)

4. LegalZoom Partnership Agreement Tool (Redesigned 2022)

Overview: LegalZoom’s 2022 redesign brought a more interactive experience to its partnership agreement tool, integrating enhanced collaboration features and compliance checks tailored to different states.

The tool guides users through comprehensive questionnaires to create agreements reflecting individual partner expectations and legal statutes. Additional add-ons like attorney consultations and amendment services are available.

LegalZoom is praised for intuitive navigation and expansive legal resource materials but can involve extra fees for full customization beyond the basic package. This solution fits those balancing cost-efficiency and moderate customization needs. (Source: LegalZoom press releases, 2022)

5. Docracy Partnership Agreement Templates (Modernized 2019)

Overview: Since 2019, Docracy offers a community-driven platform featuring modernized, open-source partnership agreement templates that users can customize and share.

This free, crowd-sourced approach allows entrepreneurs and legal professionals to access a diverse repository of agreements, benefiting from real-world reviews and comments. The transparency fosters trust and faster agreement formulation.

However, Docracy lacks dedicated customer support and does not provide attorney services. It is ideal for startups confident in handling legal documents independently or as a preliminary drafting stage before legal review. (Source: Docracy website, 2019)

6. Shake Partnership Agreement App (Mobile Release 2020)

Overview: Shake revolutionized partnership agreements by launching a mobile application in 2020 designed for on-the-go contract creation and signature collection.

The app features simple, template-based agreements with clear language and e-sign capabilities, supporting rapid agreement setup for freelancers and small partnerships. The mobile-first design emphasizes accessibility and convenience.

Although Shake's agreements are less detailed than full legal contracts, the app excels as a quick-start tool for informal or initial partnerships. It serves well as a foundation before engaging legal counsel for further refinement. (Source: Shake press release, 2020)

7. Wonder.Legal Partnership Agreement Builder (Upgraded 2021)

Overview: Wonder.Legal upgraded its partnership agreement builder in 2021 to include multilingual support and jurisdiction-specific clauses adapted to international partnerships.

The platform uses a questionnaire format to customize agreements and offers downloadable, legally vetted documents suitable for cross-border partnerships. Users appreciate the clarity and adaptability for global business environments.

Its premium subscription is costlier than local-only tools, but the international scope provides vital advantages for businesses engaging partners abroad. The platform also supports legal help upon request. (Source: Wonder.Legal product updates, 2021)

8. Contractbook Partnership Agreement Module (Introduced 2023)

Overview: Contractbook launched a comprehensive partnership agreement module in 2023, combining contract management automation with smart clause libraries to streamline drafting and lifecycle management.

With real-time collaboration, approval workflows, and digital signatures, Contractbook targets medium to large enterprises focusing on compliance and audit trails. It integrates seamlessly with CRM and project management tools.

Though more expensive and complex than basic draft tools, Contractbook’s features offer significant value to organizations needing end-to-end contract management and risk reduction. (Source: Contractbook official launch announcement, 2023)

Conclusion

The landscape of partnership agreement solutions since 2019 has evolved significantly, offering options that range from simple templates to sophisticated contract management systems. Choosing the right tool depends on your business size, complexity of partnership, budget, and need for legal support.

For quick and affordable solutions, LawDepot, Shake, and Docracy stand out. LegalZoom and Rocket Lawyer provide solid mid-tier options enhanced by attorney access. For highly customized agreements requiring professional legal input, UpCounsel and Contractbook lead the way, with Wonder.Legal bridging the domestic-international divide.

Professionals are encouraged to assess their partnership needs fully and consider starting with platforms offering trial periods or flexible payment options to find the best fit. Staying informed through credible sources remains essential, as these tools continue to update with evolving legal requirements.