A partnership agreement is a legally binding agreement that outlines the terms and conditions governing the relationship between partners in a business partnership. It defines each partner’s rights, responsibilities, and obligations, as well as the structure and operation of the partnership. It also establishes the key aspects such as profit sharing, decision-making authority, contributions of capital, management roles, and procedures.
Our lawyers can help draft and negotiate partnership agreements tailored to your specific needs, ensuring they are comprehensive, compliant with state laws, and designed to prevent conflicts. We also provide ongoing support to address any legal issues that may arise during the partnership’s operation.