How Do I Write a Partnership Agreement PDF?

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How do I write a partnership agreement PDF?

You don’t. That’s what lawyers are for (it doesn’t have to be expensive). But just don’t do it by yourself. And here’s why. You don’t know what you don’t know - it may seem like getting a template off the internet is a good idea, but it may not even be the contract you need. Getting into a partnership is not only about signing a contract - there are many points to consider and discussions to be had - it’s helpful to have a lawyer facilitate the conversation. A poorly drafted contract can prove much more expensive in the long term - I’ve personally seen this happen many times. Courts in the UK at least often favour no contract at all over a poorly drafted one. I suggest spending a little bit of money on a lawyer now rather than a lot more later. If you’re starting a business, lay the right foundations for it. If you were building a house, would you pick the cheap brick that would make your house crumble at the first storm, or one that you can safely live in for many years to come? Legal agreements are the founding bricks of your business. T protect and strengthen it if well executed. T’re useless or even dangerous if poorly executed. I hope this helps. If you're unsure about the legal advice you or your startup requires, Linkilaw offers a Free Legal Session. We'll talk you through your needs and answer the questions you may have on partnerships. Book a session here.

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A Note From The Author: I got the idea for this article while researching for my first book. For example, in researching the terms “co-founder” and “co-CEO”, I found the concept of founder-co-CEO very confusing, particularly since it's almost universally understood that founder does NOT equal co-founder. So I decided to research it more and find out. In fact, I’ll keep updating this article from time to time as new legal terms surface. I’ll also keep asking my friends for help and new insights, even if I get them to disagree with my opinions or conclusions.