Are you willing to Risk all Your Hard Work By Having No Partnership Agreement?
Dear Business Owner,
If you are starting out in business with a partner, it may be an exciting and adventurous time.
It is likely you both trust each other and possibly get on well.
However, beware. Things could turn bad quickly and your existing partner/s may be not what you expected – and vice versa.
The best thing you can do at the beginning of a partnership is create and agree on a partnership agreement.
This won’t take too long to do and it potentially will save you a ton of headaches in the future.
Most partners go into partnerships with good intentions, however they often don’t last and it can turn into something very difficult, quickly.
The last thing you want is litigation between you and your business partner, so it is highly recommended to start your partnership with a partnership agreement.
5 Reasons You Need a Partnership Agreement
1. When things Turn Bad
You may not think things could possibly go bad at the moment but chances are they will.
You must be prepared.
2. Flesh Out the Detail
A partnership agreement will force you to think into the future and consider a number of ‘what ifs’.
This will be come very beneficial in the future.
Your expectations will be considered and so will your partners.
There is nothing worse than thinking you know what your partner is thinking and then finding out you had no idea.
Communication will be clearer and you will understand your position and situation better.
Having the content written down on paper will make a dramatic difference and any discussions can take place before any disputes happen.
5. Avoid Pain and Stress
A partnership agreement will help to avoid potential pain in the future for both parties.
You don’t need the extra pain and stress. Life is too short.
Download This Partnership Agreement Template
Check out the following pages of this Partnership Agreement Template.
This is a descriptive document that outlines in detail what you and your partner can expect.
It is a document that can form the basis of your partnership agreement and is something you should have reviewed by your solicitor or attorney.
Easy, Quick, Efficient…..DONE
Our templates are incredibly easy to use and apply. Simple use MS Word to find and select the information that needs changing to customize it to your business needs.
To assist you in customizing the template quickly and easily, all items that need changing to suit your business are highlighted in red. You can simply use the Find and Select tool in MS Word (Ctrl+H) to identify all relevant items in one hit and replace instantly. What could be easier?
What is Included?
Number of Words
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All the best with your business.
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