A consulting partnership agreement is a legally binding document between two or more parties to collaboratively form a business. This agreement outlines all of the specifics for the venture and codifies each partner’s rights, responsibilities, and obligations so that all members can move forward with shared expectations of success. It should also include clauses for dispute resolution, taxation liabilities, and division of profits. With a comprehensive and properly executed consulting partnership agreement in place, both partners can have peace of mind knowing that their individual investments and interests are protected.