Document background
The 50/50 Partnership Agreement is essential when two parties wish to establish an equal business partnership under English and Welsh law. This document is particularly useful for new business ventures or when formalizing existing informal partnerships. It provides detailed provisions for equal profit sharing, joint decision-making, and mutual responsibilities. The agreement is drafted in compliance with the Partnership Act 1890 and related legislation, offering protection to both partners while establishing clear operational guidelines. The document includes crucial elements such as capital contributions, management rights, dispute resolution mechanisms, and exit strategies, making it a fundamental tool for any equal partnership arrangement.
