The partnership agreement: More clarity, fewer risks

Partnership agreements are strongly recommended for both general and limited partnerships. They reduce the risk of potential quarrels.

Legal advice should be sought when drawing up a partnership agreement. There are no specific requirements concerning the content but the agreement should include the following points:

  • The contracting parties and the subject matter of the agreement
  • The name, purpose and registered office of the company
  • The partners’ capital contribution
  • The partners’ meeting and decision-making arrangements
  • The management, representation, voting rights, rights, obligations, etc.
  • Compensation and sharing of profits and losses
  • Working hours and holiday regulations
  • Departure, termination, closure

Last modification 17.08.2018

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