What Should be Included in a Partnership Agreement?
What Should be Included in a Partnership Agreement?A partnership agreement sets out all the terms and conditions agreed to by the partners. In this document, every possible contingency is included. Here is a list of questions to be asked when preparing a partnership agreement.Answer: A partnership agreement should include the following information: • Name of the Partnership • Name the partnership is doing business as (if different) • Term (lenth) of the partnership • Purpose of the partnership (also might include partners’ goals) • Contributions of each partner, in cash, deferred contributions (installments), property (including intellectual property), and service.
Related Questions
- What is the difference between having a Lead Partner with Strategic or Delivery Partners and a Partnership Bid?
- What are the terms of the initial Partnership Agreement between FEMA and a State, regional, or local partner?
- What are the fiduciary duties that a partner owes to the partnership and/or other partners?
