An Investment Partnership Agreement (IPA) is a document created between two or more parties who wish to form an investment partnership. The agreement outlines the rights, responsibilities, and liabilities of each party, including their financial commitment and the use of profits. It also sets forth the rules by which disputes will be resolved. IPAs formalize the relationship between parties and can serve as a roadmap to ensure that investments remain profitable and legal. By establishing clear expectations and outline how money will be allocated, IPAs protect the interests of all involved in the partnership.