Partnership Agreements and Topics

2 Replies

BP,

I am closing a deal with a partner and am looking for a sample partnership agreement. We would prefer not to form an LLC until we have a few more units. What are some key points/takeaways when drafting up these agreements?

Thanks!

I know this from experience: make sure you have provisions in case the partnership goes sour. Many people overlook worst case scenarios. Get it in writing to back you up "just in case."

You will also want to define your roles so you're not stepping on each other's toes and bogging things down.

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