A partnership is a effectively a type of ownership in a business. The Partnership Agreement is the legal instrument governing how that partnership is run. It details the responsibilities of each partner, the profit and loss distributions and guides the business if and when there are disputes.
Each partnership agreement is completely different based on the relationship between the partners, goals of the partnership and type of business. In drafting your Partnership Agreement we will take into consideration all of the unique characteristics of your partnership, while also sticking to the bedrock concepts of a strong Partnership Agreement to make things clear on all sides and protect all parties from unnecessary liability.
Give us a call if you are entering a new partnership and need an experienced attorney to put together your governing instruments.