A legal contract for business partnership is an agreement between two or more parties outlining their terms of collaboration. It defines the roles and responsibilities of each partner, any shared ownership or investments, and how profits (or losses) will be divided. A legal contract helps to protect all parties by providing a clear understanding of expectations and obligations, as well as the legal recourse available in the event of a breach of agreement. By entering into a legally binding partnership contract, both parties can feel secure knowing that their rights and interests are protected.