Partnerships often start on trust and a handshake — and then break down over things that were never written down. A clear partnership deed prevents most disputes by deciding the hard questions before they arise.
Clauses worth getting right
- Capital contribution and profit/loss sharing ratio
- Roles, responsibilities, and decision-making
- Admission, retirement, and removal of partners
- Dispute resolution and dissolution terms
Write down the exit, not just the entry
Most fights are about how a partner leaves and how money is settled. Drafting the exit clauses clearly is as important as the rest.
A partnership can exist without one, but a written, ideally registered, deed gives far better protection and clarity.