An effective business partnership agreement requires no magic words, but a number of common areas should always be addressed to ensure the agreement is comprehensive. Above all, the goal of a ...

A partnership agreement is a contract between two or more partners in a business venture. The purpose of the agreement is to define the terms and conditions of the relationship between the partners.

Commissions do not affect our editors' opinions or evaluations. A partnership agreement is a legal document that dictates how a small for-profit business will operate under two or more people.

Partnership agreements are written documents that explicitly detail the relationship between the business partners and their individual obligations and contributions to the partnership.