Partnership Agreement

A Partnership Agreement does what it says on the tin: it defines the arrangement between two or more people entering into a partnership together. When entering into a partnership, it’s important to have certain terms and conditions written down and agreed upon, so that the business can run smoothly moving forward. 

The agreement describes the responsibilities of each partner, defines how the profit and loss will be distributed, prepares for common business scenarios, and includes rules about how the partnership will be managed and conduct business.

This agreement assumes there are 2 parties to the partnership