Partnership Agreements

In short — A partnership agreement records each partner's role, authority and share of profit and loss, and sets clear rules for disputes and changes.

A partnership agreement sets out each partner’s role and how partners share responsibility for profits and losses. It avoids disagreements by including transparent rules for decision-making and a clear process for disputes. Without one, profits may be shared equally regardless of contribution, and straightforward disputes can become costly and disruptive.

We can help you with:

• Documenting each partner’s authority, capital contributions and profit and loss sharing arrangements
• Clear processes for voting rights, disputes and admitting new partners
• Certainty in disruptive situations — retirement and exit, death or incapacity, and valuation of a partner’s share

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