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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

RELATED PRODUCTS
Employee's Statement of Terms
Practice Continuity Agreement
Commission Agent Contract
Director's Service Contract
Senior Employee's Service Contract
IR35 One-Person Co Ltd Contract
IR35 Self-Employed
IR35 Substitute Contractor
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| Main
Features |
Edit the text on
MS Word or similar
Fill-in the blanks,
add/delete as
necessary
In plain English, most
jargon avoided
Fact-find checklist
Extra clauses to
prompt users to
consider traps and
pitfalls
Schedules attach to
the agreement to
allow future changes
easily
• A frame to negotiate
partnership terms
and understand the
responsibilities
Edit the text on
MS Word or similar
Fill-in the blanks,
add/delete as
necessary
In plain English, most
jargon avoided
Fact-find checklist
Extra clauses to
prompt users to
consider traps and
pitfalls
Schedules attach to
the agreement to
allow future changes
easily
• A frame to negotiate
partnership terms
and understand the
responsibilities
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