partnership agreement

Joint venture terms

A partnership agreement is a contract between business partners establishing how their venture will operate.

It typically covers ownership percentages, profit distribution, decision-making authority, and procedures for adding or removing partners.

The document governs what happens if partners disagree or someone wants out: Their partnership agreement required unanimous consent for major decisions.

Opposites
collaborative structure

partnership agreementsole proprietorship

Unincorporated individual-owned business

self-employment · individual ownership · sole ownership · going it alone

relational status

partnership agreementtermination agreement

Contract formalizing job's end

severance agreement · litigation · hostile takeover · separation agreement · non-compete agreement

formality and commitment

partnership agreementhandshake deal

Unwritten mutual commitment

gentleman's agreement · verbal agreement

Family

agreement, partnership

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Rated G