Pre Agreement Understanding

These are the top 10 questions when partners proceeding to a partnership:

1.Formation of the business’s entity and principle place of business;

2.Purpose of the business and partners’ role and responsibility;

3.Duration of the agreement;

4. The authorize signatory for official company docs and cheques;

5. Debts management, liability and release of debts;

6. Accounting & tax;

7. Division of Profit and Loss;

8. Partnerships’s paid-up capital;

9. Death of a partner;

10. The procedure to agreed on addition contribution.

If you want to read more, pls download the PDF version of the checklist: Checklist before Pre Agreement