Use this Document when two or more people carry on a business as partners or receive income jointly. It defines rights, roles and responsibilities of each partner and clearly spells out specific conditions that apply to your partnership. Partners divide responsibility for management and liability, as well as the share of profit or loss according to the agreement.
This agreement will provide you with strong legal protection in the event of a misunderstanding or the other partner(s) fails to fulfil its obligations while under contract.
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