Keyword Analysis & Research: partnership agreement

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How do you write a partnership agreement?

A partnership agreement should begin with the names of the partners and their willingness to be bound by the partnership agreement. After listing the names of partners and their places of residence, identify how they will be referred to in the document.

Why do I need a partnership agreement?

You need a partnership agreement because without one, partners are ruled by the ‘default provisions’ of the Partnership Act 1890 which can be very restrictive. For example, the default provisions dictate that all profits and losses are shared equally amongst partners and that no majority of partners can expel a fellow partner.

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