Partnership Agreement

Partnership as a business vehicle is flexible and useful for setting up in business.

A verbal agreement is false economy.

      All partners are always
       "jointly and severally" 
       liable for the partnership debts! 

Since memories fade with time, verbal agreements are no good in disputes about power-sharing, profit share, ownership of assets, insolvency, succession, departure, etc. Protect your position with a written partnership agreement.

This model agreement complements and exceeds a typical lawyer's draft since it includes provisions from accountant's point of view about tax matters and general finance.

Instead of starting with a daunting blank paper, shape this model agreement to your own situation.

Accountants, you can earn add-on consultancy fees by using this tool to proactively advise your clients regarding their business arrangements.

To be cost-effective, prepare your draft agreement for a lawyer's review and finalisation

Since it is expensive and inconvenient to rip up an agreement and re-write it for changes such as profit %, this model agreement has "Schedules" attached. Changes can be made by replacing Schedules signed by all the partners.   

This model agreement was prepared by lawyers in conjunction with accountants. In addition, it has been used again and again in real life situations.

CLICK TO SEE SAMPLE

• Better than just a verbal agreement • More convenient and cheaper than         finding a competent lawyer • Defines limitations and responsibilities  • Avoids expensive future litigation!

Platforms: Windows 95, 98, ME, 2000, XP
Minimum Requirements: MS Word or any WP software
Available on CD or sent by email

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