Partnership Agreements

A partnership agreement is a formal document between two or more individuals who decide to work together in a business. This agreement outlines the roles, responsibilities, and contributions of each partner, how profits and losses will be shared, and how decisions will be made. It also addresses important issues like resolving disputes and what happens if a partner leaves or wants to sell their share. Having a partnership agreement helps ensure that all partners are on the same page, reducing misunderstandings and providing a framework for operating the business smoothly.