A Simple Partnership Agreement
Simple Partnership Agreement
A Simple Partnership Agreement is necessary as a foundation of your business partnership. A Simple Partnership Agreement ensures that your interests, and that of your partners, protected. Apart from reflecting clearly what business terms the partners agree on, a Partnership Agreement also provides guidance to mediate any disputes that may arise.
A Simple Partnership 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.