Partnership Agreement - Long Form

When two or more individuals become the owners of a for-profit business, it is not wise to rely on a handshake or spoken understanding. Formalizing 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 and taking critical steps towards ensuring the smooth operation of your business. (continued ...)