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Forming a general partnership (PARTENARIAT) for the purposes of the “THE] laws of the state. If you make an agreement for your business, it is a commercial partnership agreement. On the other hand, if you form a partnership pact for companies only, it will be called a general partnership contract. Whatever the type of business, you will be able to find several examples of partnership agreements on the web, download them for free and avoid mistakes by reaching an agreement on your own. Before you sign an agreement with your partners, you need to understand the pros and cons of a partnership. An alternative business structure to a partnership is a joint venture that requires a joint venture agreement. It is a kind of agreement between partners that requires them to cooperate and achieve common goals at the regional, global or national level. In this type of agreement, partners indicate that they wish to share their resources with other partners. If you do not reach an agreement, your state will provide you with the standard rules for partnership operations.

The main objective of the partnership agreement is to adapt these standard rules and to build their own. Then there is the contribution of the partners to the list. This part is somewhat critical and you and your partner might find it difficult to calculate the contributions that are made to each other. That`s why you have to make decisions in advance. Therefore, you should mention in this section how much cash, services or real estate you are going to bring to the business. In addition, what will be the amount of each partner`s ownership percentage. Disagreements over contributions have doomed many companies to failure, but mutual agreement has resulted in a successful business relationship. PandaTip: This is another part of a partnership agreement that benefits from being specific. Don`t confuse the compensation later, spell it here. A partnership agreement is a written agreement between two or more people who wish to become partners and run a business to make a profit.