Document background
The Startup Partnership Agreement is essential for entrepreneurs establishing a new business venture in England and Wales. This document formalizes the relationship between partners, defining their rights, responsibilities, and obligations. It covers crucial aspects such as capital investments, profit distribution, decision-making processes, and exit strategies. The agreement should be prepared at the business formation stage and must comply with the Partnership Act 1890 and related legislation. It serves as a foundational document that helps prevent future disputes and provides clarity on business operations.
