Q: How do I get a partnership agreement from your website?

A: It is very simple. All that you need to do is click on the partnership agreement link and you will be taken to our on-line form. Once there all you have to do is follow the directions given for inputting the information and selecting the provisions that you want for your partnership agreement. We will then integrate all of your information and choices into a partnership agreement, and make it available to you within seconds.

Q: Is there a difference between a partnership agreement and articles of partnership?

A: The only difference between the two is in the name that people use to refer to them. So while you will hear both names used, they are nevertheless referring to the same type of document-- a written agreement that is binding between the partners that lays out the core terms of their partnership.

Q: When should a written partnership agreement be used?

A: Anytime you are entering a partnership, there are many reasons why you should form a written partnership agreement rather than an oral one. In addition to the fact that you may on occasion be asked to submit a written partnership agreement, if you were opening a business bank account for example, there are beneficial reasons to your partnership for doing so. Most people are unable to remember everything, and as time passes people tend to forget things. If you and your partners had an oral partnership agreement only, at some point in the future you may disagree on what exactly was said in reference to some provision in your agreement. For example, you could disagree on how you set up the division of profits and losses, and without a written partnership agreement it would be nearly impossible to figure out what was actually agreed upon. By having made a written partnership agreement you could easily see what the actual terms were. Additionally, through writing your partnership agreement you and your partners would be able to discuss all the elements that go into the agreement, thereby clarifying each of your roles and expectations.