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Here are some of the key provisions in a Partnership Agreement: 1  Partnership name. 2  Business address. 3  Names of Partners. 4  Effective date of agreement. 5  Primary purpose of partnership. 6  Voting requirements for partnership decisions. 7  Specify how costs will be shared among the partners. 8  Specify how profits will be shared among the partners.
You'll want to use a Partnership Agreement between yourself and the other business partner or partners. Its terms define how the business partnership will be conducted, making it an important foundational document for running your new business.