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  • Add You - Tips on Writing a Good Parntership Agreement

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    of you will invest. - This will show what both of you are contributing to the company as well as it will help determine who own w
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    When going into business and taking on a partner, it is a good idea to have a contract/agreement to determine the share of the company you each own. It also allows you to show and agree on what each of you will contribute, as well as protecting both of your interests when working together.

    You might be wondering now, how to or what makes a good contract? Well it is really simple. First thing to do is to be clear on every aspect of the business. Something’s you may want to make clear are:

    1. How much each of you will invest. - This will show what both of you are contributing to the company as well as it will help determine who own wh

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    pany you each own. It also allows you to show and agree on what each of you will contribute, as well as protecting both of your interests when working together.

    You might be wondering now, how to or what makes a good contract? Well it is really simple. First thing to do is to be clear on every aspect of the business. Something’s you may want to make clear are:

    1. How much each of you will invest. - This will show what both of you are contributing to the company as well as it will help determine who own w

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    You might be wondering now, how to or what makes a good contract? Well it is really simple. First thing to do is to be clear on every aspect of the business. Something’s you may want to make clear are:

    1. How much each of you will invest. - This will show what both of you are contributing to the company as well as it will help determine who own w

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    rst thing to do is to be clear on every aspect of the business. Something’s you may want to make clear are:

    1. How much each of you will invest. - This will show what both of you are contributing to the company as well as it will help determine who own w

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    of you will invest. - This will show what both of you are contributing to the company as well as it will help determine who own what % of the business.

    2. When and if payback happens. - Pay back is meaning paying back the initial investment by a partner. Payment should only come if the investor will not own any part of the company when he is paid back in full(plus a little extra for being an investor). If they are to remain part owner of the company then they should recoup their losses through the revenue generated by the business.

    3. Who will over see operations of the business. - This is important so that you are clear on who wil

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