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Partnership Agreements and Business Collaboration Agreements
Partnership Agreements and Business Collaboration Agreements

An overview of Partnership Agreements and Business Collaboration Agreements and when to use them.

Sriyanka Nakarmi avatar
Written by Sriyanka Nakarmi
Updated over a week ago

A Partnership Agreement is a contract among partners who carry on a business as a partnership. This agreement sets out the basic rules on which the partnership operates, e.g. how accounts are prepared. It also sets out the powers and duties of each partner, and most importantly how the profits and losses are shared among them whereas a Business Collaboration Agreementis a contract for two parties to collaborate in a business. It allows them to combine resources and expertise, such as skills, technology, IP, products, or marketing strategies.ย 

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