Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
What Should Be Included in Your Partnership Agreement
Here’s What You Should Include in Your Partnership Agreement
These are the key items. How you handle each item is up to you. Contact me to get ideas about your many available options.
Why Put it Off?
Contact Chris today and get the terms for your Partnership Agreement drafted. You’ll love having the peace of mind that comes when you and your partner sign the agreement.
Chris Reich [email protected] (530) 467-5690
When the business partnership breaks down, the darker sides of the personalities come through. A dominant partner turns into a bully. A person who does not do well with conflict will withdraw. As the bully gets more aggressive, the pacifist withdraws further. Eventually, the bully gets so angry they are ready to lock the other partner out. The pacifist quits coming in. The next blowout is over money. The course is as logically predictable as what will happen to your car if you hit the highway with no oil in the engine. It will get louder and louder until the engine seizes.
I recommend that partners talk through a specific issue and then draft an agreement (called a resolution) that sets a policy. You can keep this in a binder to serve as amendments (or foundation) to your Partnership Agreement. In this post I’ll explain how to talk about things that bug you with your partner and how to draft a binding resolution to fix the problems.
Unless you are in some sort of political business, you should keep politics out of your establishment completely. Of course, you have freedom of speech, but we are in very contentious times and displays of political or religious positions might be off-putting to to your customers.