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SMS Partnership Agreement

SMS Partnership Agreement

Aug 6th, 2022

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How to SMS Partnership Agreement

4.8 out of 5

38 votes

A partnership agreement is a contract between two or more parties engaged in profit-making business activities. It outlines the involved parties, partnership formation location, and dispute resolution venue. Generally, profits, liabilities, and management duties are divided equally, but partners can choose an unequal distribution noted in the agreement. It may also include a non-compete clause for retiring partners. Additionally, a partnership agreement should be paired with a buy-sell agreement to facilitate the partnership's dissolution or preservation in cases like death or divorce. For more information, contact the Nevada corporate headquarters at 1-800-508-1729.

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