What Must Be Included In A Partnership Agreement

Commercial contracts help spread risks, benefits, responsibilities and more among the parties involved. When drafting a contract such as a business partnership agreement or negotiating its terms, it is important to have qualified legal counsel by your side. At Feldman & Feldman, we have extensive experience in handling a wide range of contractual matters. If your business needs support, contact our business lawyers today for more information. Written partnership agreements help partners avoid disputes and conflicts that could otherwise end the business. The partnership agreement must describe the rights, obligations and obligations of the partners. The agreement acts as an authoritative document of the partnership. Without a written partnership agreement, a partnership must comply with the standard rules of the state.