Partnership Agreement Templates

Guidelines for Utilizing Partnership Agreement Templates

• 1. Define Partnership ClearlyClearly outline the nature of the partnership, roles, responsibilities, and the division of profits and losses. Specificity minimizes future misunderstandings.
• 2. Establish Conflict Resolution ProceduresInclude a procedure for resolving disputes. A predetermined approach can help partners navigate disagreements professionally and amicably.
• 3. Plan for the FutureConsider including clauses for dissolution, exit strategies, and succession planning to anticipate and plan for possible future changes in the partnership.