Partnership Agreement - Long Form (Northern Territory)

When two or more individuals become the owners of a for-profit business, it is unwise to rely on a handshake or an oral agreement. Formalising your partnership arrangement in writing is vitally important to the success and profitability of a business. By agreeing on the terms of the partnership, and putting that agreement explicitly into writing, you are minimizing the chance of future confusion, conflict and crisis. You also take critical steps towards ensuring the smooth operation of your business. (continued ...)