Partnership agreement outline
- Partners and their contributions (money, skills, assets)
- Share of profits and losses
- Who decides what — and what needs everyone's agreement
- Drawings and salaries
- New partners joining
- A partner leaving or dying: how their share is valued and bought
- Restraints and confidentiality
- Disputes: discussion, then mediation, then arbitration
- Ending the partnership
Have the final agreement drawn up or checked by an attorney.