Partnership agreement - SmallBusiness.com: The free small business wiki sourcebook

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Partnership agreement

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A Partnership Agreement should include the following:

Type of business
Amount of equity invested by each partner
Division of profit or loss
Partners compensation
Distribution of assets on dissolution
Duration of partnership
Provisions for changes or dissolving the partnership
Dispute settlement clause
Restrictions of authority and expenditures
Settlement in case of death or incapacitation

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