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Business Agreement Between Partners

oboloo Glossary

Business Agreement Between Partners

A business agreement between partners is a document that outlines the roles, responsibilities and terms of the partnership between two or more parties. It governs how decisions are made, disputes are handled and ownership is divided. The agreement typically covers issues such as capital contributions, profits and losses, and labor obligations, as well as any additional duties outlined by the partners. This agreement is essential in helping ensure an amicable and prosperous relationship between the parties involved. Without this document in place, disputes can arise which may cause irreparable damage to the partnership. Get it right – create a business agreement between partners today.

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