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The Free Partnership Agreement is essential for any business venture where two or more parties wish to formalize their business relationship under English and Welsh law. This document is particularly crucial as it defines the framework for how partners will work together, share profits and losses, make decisions, and resolve disputes. It provides legal protection for all parties involved and helps prevent misunderstandings by clearly stating each partner's rights and responsibilities. The agreement should be put in place at the formation of the partnership or when new partners join, ensuring compliance with the Partnership Act 1890 and related legislation.
