Question by  Hayes (10)

Can you give me some sample partnership agreements?


Answer by  Hewitt302 (1720)

In most partnership agreements, there's a split, either 50/50, or 60/40, who ever holds the majority of power get's the bigger share, unless it's equal managerial control. Most partnership agreements are based on an honor system, meaning no contracts are necessarily drawn up, a 'gentlemen's agreement' sort of speak. Do not go on a 'gentlemen's agreement', get everything in writing.


Answer by  rebecca0515 (434)

When considering a partnership, the best thing to do is to consult an attorney. They will be able to determine the best type of partnership for you.


Answer by  MsTiffany (117)

The partnership can agree on 50/50 terms or 60/40 terms. The agreement would have to be between the parties involved.

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