Partnership Agreement

What is a Partnership Agreement?

A partnership agreement is a legal document that sets out how two or more people will run a business together.

Think of it like this…

It’s the rulebook for your business relationship.

Why does it matter?

• Prevents misunderstandings about roles and profit sharing
• Explains decision-making and dispute resolution
• Sets out what happens if a partner leaves or the business closes

Best practice

Put it in writing, even if you’re starting with friends or family.