Resources – Legal

Article by Randy Diner

As good fences make good neighbors, so do good partnership agreements, make good partners. Too often as the excitement of a new enterprise drives dreams and aspirations of future success, commitments and promises between partners are never formalized. We have a handshake, takes the place of the time and effort to agree as partners on key issues such as job responsibilities such as who is the managing partner; what are the reporting responsibilities of the partners to each other, and perhaps most importantly the exit strategy or the buy-sell agreement between the partners