Partnership Agreement
/ˈpɑːrtnərʃɪp əˈɡriːmənt/
Definitions
- (n.) A legally binding contract between two or more parties outlining terms, rights, and obligations of their business partnership.
The partners signed the partnership agreement to formalize their roles and profit sharing.
Forms
- partnership agreements
Related terms
See also
Commentary
A partnership agreement should clearly specify management structure, profit distribution, and dispute resolution to prevent conflicts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.