Document background
The Lifetime Partnership Agreement is essential for parties seeking to establish a permanent business relationship under the laws of England and Wales. This document is particularly valuable when partners intend to create a lasting arrangement that extends beyond typical business partnerships, potentially spanning generations. The agreement comprehensively addresses capital contributions, profit sharing, management rights, succession planning, and partner obligations. It ensures compliance with the Partnership Act 1890 and related legislation while providing mechanisms for continuity in case of death or incapacity of partners.
