Partnership agreements can be some of the most important documents in the course of business. Partnerships are formed whenever an intent to create a partnership is present, with or without a document. Whether or not the partners specifically desired all of the implications and consequences of a partnership, a court may likely hold the partners to them if there was some sort of agreement to conduct business together and share the profits. A well drafted partnership agreement fully lays out the intended relationship between the partners and the course of business belonging to the partnership. The document is vital when disputes between partners arise, but also when third parties sue one or more of the partners in connection with the partnership.

At Springmeyer Reddy, we draft our partnership agreements to fully reflect the management and financial relationships intended by the partners. We work with our clients to fully understand the shared visions of the partners and suggest the optimal structure of the agreement. We offer clauses to indemnify the individual partners to the fullest extent of California law, anticipate and address contingencies, and provide mechanisms for amending or modifying the agreement after its inception.

If you are contemplating entering into a partnership agreement, please contact us or fill out the form below.