A written agreement among partners detailing the terms and conditions of participation in a business ownership arrangement.
A private agreement between partners that establishes a partnership and governs the terms and conditions of the partnership relationship.
The agreement setting forth the conditions and terms under which a partnership is formed. Usually in the form of written Articles of Partnership (not required).
the establishment of the division of the mutual responsibilities among partners by the Lead Partner in a written form. The model Partnership Agreement is available in the website
A legal agreement between partners; it usually specifies, among other things, the capital contributions to be made by each partner, the ratios in which partnership earnings and losses will be distributed, the management responsibilities of the partners, and the partners' rights to transfer or sell their individual interests.
Legal agreement setting out the rules for ownership and management of a partnership, and often the ways in which disputes will be resolved and any future sale of the company, or departure of its partners, handled.