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Partnership Agreement
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Partnership Agreement
A Simple Partnership Agreement is necessary as a foundation of your business partnership. This agreement ensures that your interests, and that of your partners, protected. Apart from reflecting clearly what business terms the partners agree on, this agreement also provides guidance to mediate any disputes that may arise.
An agreement that covers off all the essentials.
Clauses cover:
- Commencement
- Place of business
- Business Names
- Retirement of partners
- Equal shares
- Capital
- Further capital
- Partnership Asset
- Bank
- Bank account
- Outgoings and expenses
- Net profits
- Duties of partners
- Execution of documents
- Personal debts
- Financial records
- Annual and quarterly accounts
- Dissolution of partnership
- Death of partner
- Assignment
- Dispute resolution
- Notices
- SCHEDULE contains
- Date of agreement
- Parties
- Commencement of partnership
- Name of partnership
- Address of partnership business
- Description of partnership business
7 pages long.
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