The Partnership Agreement

A partnership agreement tends to have a number of core aspects that provide benefits and protections to its business partners, however simply relying upon boilerplate legal terms exposes one to the dangers of generic / boilerplate partnership agreements, such that the engagement of knowledgeable legal counsel to create a customized partnership agreement tends to have far superior value.

The core components of a partnership agreement can include:

- Identification of Parties

- Recitals

- Interpretation

- Partnership Arrangement

- Conduct of the Affairs of the Partnership

- Financing

- Partnership Property

- Transfer and Encumbrance of Interest in Partnership

- Effect on the Partnership of Various Events

- Dissolution

- Miscellaneous and General Provisions

For legal counsel as to your business partnership or joint venture, contact lawyer Christopher Neufeld with Neufeld Legal Professional Corporation at Chris@NeufeldLegal.com or 403-400-4092 (Calgary, Alberta) 416-887-9702 (Toronto, Ontario).

Neufeld Legal Professional Corporation is a Canadian law firm operating out of Calgary, Alberta and Toronto, Ontario, and is focused on corporate transactional matters that impact local, national and international businesses in their quests for corporate success.