A partnership agreement is a governing document for a business establishment between two parties. It is a valuable resource for determining how the business is run and what each party’s role is in its operation. While partnership agreements are not legally required in every state, they are beneficial for setting expectations and defining responsibilities.
A partnership agreement form should include information about the business name, physical location and mailing address. Then, it should define the type of partnership that controls the business, including the division of authority, the responsibilities and the revenue-sharing percentages. Your partnership agreement also needs to provide information about conflict resolution and a path for exiting the arrangement if necessary. PDFSimpli makes it easy to create your partnership agreement form with any sections and components that you need.
Partnership agreements are for the parties involved in the business, not the government. It is perfectly acceptable to create your own partnership agreements. The good news is that they have never been simpler to create as they are now with PDFSimpli’s tools.
