The Members Agreement is a legally binding contract between two parties who have agreed to form a business relationship. It defines the rights, responsibilities, and expectations of each party, as well as the type of venture being undertaken. This agreement can range from a simple handshake deal to a more complicated set of rules and regulations that must be adhered to. By establishing clear boundaries, this document ensures that everyone involved knows exactly what’s expected of them and what will happen if something goes wrong. A well-drafted Members Agreement is essential for any successful business partnership – so make sure you get it right!