A partnership agreement involves the combination of their own contributions between two or more persons for joint actions without creating a legal entity. This is done, as a rule, to extract a certain profit or to achieve some goals that do not contradict the law.
Instructions
Step 1
Please note that only commercial enterprises and individual entrepreneurs can be parties to a partnership agreement, which is concluded for the implementation of any entrepreneurial activity. At the same time, the contribution of a friend can be everything that they bring to the joint business, including: property, money, professional knowledge, various skills and abilities, business ties and reputation. The contributions of the partners must be equal in value if other conditions are not provided for by the partnership agreement or in view of actual circumstances. In turn, the monetary valuation of the contributions of each of the partners must be made in accordance with the agreement between all the partners.
Step 2
Indicate the purpose of concluding a partnership agreement and conducting joint activities in the document. Draw up a procedure for covering losses and expenses that will be associated with joint business activities of the participants in this partnership. In the absence of such an agreement, each of them will incur expenses or losses in accordance with the amount that they have invested in the common cause.
Step 3
Note in the agreement that the profit received by the participants in the partnership as a result of their common activities should be distributed in proportion to the amounts of their contributions to the joint business.
Step 4
Enter into an agreement in simple written form by developing a document expressing the content of the agreement and signed by the persons involved in the transaction, or authorized persons. Also, a partnership agreement for which a written (notarial or simple) form is not established by agreement of the parties or by law, can be concluded orally (if the agreement is made during its execution).
Step 5
It should be borne in mind that non-compliance with the written form of the contract will deprive the parties of the rights in case of controversial issues to refer to confirmation of the perfect contract, as well as its conditions, to some testimony of witnesses, however, it leaves them the right to provide written and other evidence.
