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hello and welcome to a law hound tips presentation from your online legal experts lawhound.co.uk this presentation will give you five tips about partnership agreements tip one a partnership agreement is the best protection for you and your business if youve just entered into a business partnership with one or more people then congratulations and i hope that you have a long and rewarding business partnership you may be wondering whether you actually need a written agreement at this stage because there may be for example people you already know the relations or that youve worked with well the answer is yes you do need a written partnership agreement its your written insurance in a legal document and this is because it sets out obligations and responsibilities and make sure that every partner has an understanding of who can do what tip two a partnership agreement will deal with ownership a partnership agreement will set out exactly who owns what it will help deal with for example if yo