A business Partnership Agreement is a legally binding document that outlines the terms and conditions governing a partnership between two or more individuals or entities engaged in a business venture. This agreement serves as a roadmap for the partnership, detailing various aspects such as the rights, responsibilities, obligations, and expectations of each partner.

This section outlines the type of partnership (e.g., general partnership, limited partnership) and specifies the names and roles of each partner, including their contributions to the partnership.

In General, Partnership Agreements are essential for clarifying the rights and responsibilities of partners, minimizing misunderstandings and conflicts, and ensuring the smooth operation of the partnership. It is advisable for partners to seek legal counsel when drafting or reviewing a partnership agreement to ensure compliance with applicable laws and regulations and to protect their interests.