Partnership Agreements Business partnership agreements are more than a formality. These agreements are roadmaps that help owners throughout the life of the business. While you can amend a partnership agreement, it’s better to get them right up front. Agreements that don’t anticipate rough spots can do more harm than good. At the most basic level, a partnership agreement lays out: • The partners’ responsibilities • Ownership allocation • The organization’s debt liabilities A well-considered partnership agreement will also contain several...