When going into partnership, a written Partnership Agreement is essential. This is the professional way to avoid problems and disagreements in the future. The law implements a standard set of terms under the Partnerships Act when there is no partnership agreement. This however may not be what you want or have agreed with your partner(s).
Business is all about agreements and co-operation. The more you have in writing the more secure your business is. A Partnership Agreement will cover a variety of points, including:
- Split of profit and losses
- Duties of partners
- Can partners run or have other businesses
- Partnership termination
- Bank accounts authorisation
It would be prudent to also have a Joint Venture agreement stipulating what each of you has agreed to do and contribute, and what each partner cannot do.
There are many considerations to be taken into account when forming a partnership, which is why there is some useful free advice supplied with this agreement.
Purchase this document and avoid many problems that may arise. Once you have agreed the partnership. You will all know where you stand and can concentrate on business.
View Sample Partnership Agreement
- Partnership Agreement - Template
- FREE - Checklist for Partnerships
- FREE - What to consider when going into partnership with friends
You get the above files in both .pdf and .doc Word format.
Your Download is ready immediately after payment.