Gift / Partnership Deed

Partnership Agreement is a contract between partners in a partnership which sets out the terms and conditions of the relationship between the partners, including:
Percentage of ownership and distribution of profits and losses.
Dissolution of management powers and duties of each partner.
Term (length) of the partnership.
How the partnership can be terminated.
How a partner can buy his/her share of the partnership.

A Partnership Agreement should be prepared by an Attorney so as to include all important 'what if' questions and avoid problems when the partnership end. When such agreement is put down in writing form it is known as Partnership Deed.