Partnership Agreement
A business partnership agreement is a legal document that outlines the terms and conditions of a partnership between two or more individuals or entities. The agreement establishes the rights, obligations, and responsibilities of each partner and serves as a roadmap for the partnership's operation
The name of the partnership
The purpose of the partnership
Contributions of each partner (financial or otherwise)
Profit and loss sharing ratios
Decision-making process
Process for resolving dispute
Duration of the partnership