A partnership agreement is a contract between two or more partners in a business venture. The purpose of the agreement is to define the terms and conditions of the relationship between the partners.

Under the template for a 50/50 partnership agreement, each partner shares equally in any profit or loss generated from the business. In addition, each partner has an equal voice in managing the ...

Commissions do not affect our editors' opinions or evaluations. A partnership is a business entity in which two or more people or businesses work together as one company or business. You may feel ...