A Co-ownership Agreement is an official document that outlines the rights and responsibilities of two or more persons who are legally owning a business together. It includes details such as how profits and losses will be shared, how decisions will be made, how disputes will be resolved, and what happens if the partnership dissolves. By agreeing to the terms outlined in a Co-ownership Agreement, partners can create a unified vision for their venture while also legally protecting each other’s individual interests. This document provides a strong foundation for successful collaborations and helps ensure everyone involved is on the same page.