Partnership Checklist

The Partnership Checklist helps you to focus on the decisions that need to be made when setting up a partnership. It will also enable you to choose which of the Simply-Docs partnership agreements to use.

The checklist has a range of 36 straightforward questions to enable you to focus on the key legal and commercial issues that need to be considered when setting up a partnership, including proposed duration of the venture, capital contributions, drawings, profit and loss share, banking, insurance, holidays and management of the business.

A partnership will be implied by the law when two or more people are in a business relationship together with the view to making a profit. Where there is no express agreement, the Partnership Act 1890 will govern the relationship between the partners. This may not suit the parties’ purposes, so it is advisable to have a written agreement.

This Partnership Checklist is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

Partnership Checklist is part of Free & Samples Documents. Just £35.00 + VAT provides unlimited downloads from Free & Samples Documents for 1 year.