When two or more individuals or entities come together to form a business partnership, a partnership agreement provides the written terms of the partnership and outlines the terms and expectations between each partner, in a contract or agreement.

Depending on the structure and anticipated operations of the business, a partnership can be a complex entity. There are different types of partnerships in Canada, general or limited. Each type of partnership requires particular partnership agreements.

If you are considering operating a business in Canada you are best to seek legal council. Contact SamLaw to ensure that you are exploring all of your business entity options that will not only best suit your needs, but so that you are well protected against unnecessary potential future litigation. Register your business according to accepted Canadian legal guidelines and practices.