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if there is two or more of you in a Business Partnership you must have a partnership agreement I cannot stress this enough I have seen so many arguments and problems between business partners that could have been prevented with a simple written agreement now in this video Ill outline what a partnership agreement is and probably what you should have in it so when starting a business partnership its essential to have a written agreement that outlines the terms and conditions of the partnership a partnership agreement can help Define the structure of the partnership and the roles of each partner it can also clarify the responsibilities and obligations of each partner including how much Capital each partner will contribute how the profits and losses will be shared and how decisions will be made the purpose of a partnership agreement is to provide Clarity and to prevent misunderstandings disputes and any further legal problems between the partners a partnersh
